The Port Isabel Economic Development Corporation Mission Statement: To attract desirable industries and commercial developments to the City of Port Isabel and to retain and assist in expansion of existing industries.
City of Port Isabel, Texas
Economic Development Profile
The Port Isabel Economic Development Corporation supports community events such as the Lighthouse Establishment Cinema. Designed to attract visitors and encourage locals to appreciate and take pride in their community, the LHEC has garnered state wide attention. The PI EDC's support of events like the LHEC contributes to the growth of the name recognition of Port Isabel.
BUSINESS CLIMATE
The following table provides recent data on the types of businesses that compose the Port Isabel economic framework. The overwhelming majority [66.8%] are business involved in the retail trade which includes all stores and restaurants. The second largest concentration is in the service industry which may involve banking, legal, motel rental, real estate, accounting, tourism related business along with support services for other industries such as print shops and medical services. The low number of construction related enterprise is significant in that it may indicate a need for this type of industry; especially with the increase in development within our Region. The manufacturing and agriculture may be cumulative indicators of shrimping and packing outlets. Overall all industries contributed $103,652,820 to the local economy, of which nearly half consisted of taxable sales which indicates that there was much tax exempt exchange of goods and services within this community.
PORT ISABEL INDUSTRY STATISTICS Fiscal year 2003-2004
Industry
# of Businesses
Gross Sales
Taxable Sales
Retail Trade
135
92,242,844
52,228,323
Services
36
3,589,932
1,837,309
Construction
8
1,711,722
1,072,545
Wholesale Trade
6
3,969,819
335,171
Manufacturing
6
1,463,170
344,543
Transportation, Communication
& Utilities
4
207,991
191,645
Agriculture
3
91,573
13,051
Fire
2
0
0
Other
1
0
0
All Industries
199
103,652,820
56,158,501
Source: Texas Comptroller of Public Accounts 2004- 2005
PI EDC - A Department of the City of Port Isabel
305 E. Maxan St. (Port Isabel City Hall Building) • Port Isabel, Texas 78578
Jill Francisco, PI EDC Administrator • 956/943-2682
