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Business Advantages and Climate

Corpus Christi is a center for petrochemical manufacturing, large-scale fabrication, marine research, maritime shipping, and tourism. The tropical climate, exceptional outdoor opportunities and premier health care facilities enhance the City’s progressive growth and economy creating a perfect community in which to live and operate a business. These are just a few reasons Corpus Christi was named an “All-American City”.

Corpus Christi offers many assets for business development that have attracted businesses from all over the world. Additionally, the City is a major trade gateway for Mexico and Latin America. The Port of Corpus Christi is the sixth largest U.S.port in cargo tonnage and soon will grow even larger with the construction of the La Quinta Container Terminal.

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Key assets for business development in Corpus Christi include:

  • Port of Corpus Christi and the La Quinta Container Terminal. The Port offers deepwater port facilities for bulk liquid and dry cargo as well as agricultural products.
  • Foreign Trade Zone 122. The FTZ was the first in the continental U.S. to have oil refinery subzones and is one of the largest FTZs in the nation, encompassing 24,000 acres.
  • Strategic location with excellent highway, deepwater, and rail access including three Class I railroads.
  • Low cost of doing business. Forbes ranked Corpus Christi 46th out of the 200 large metropolitan areas for low costs of doing business. Moody’s Economy.com ranked Corpus Christi in best 30% for low costs.
  • Highly skilled workforce in petrochemicals, heavy fabrication, water transport,  aerospace, and marine research.
  • Low workforce costs. Moody’s Economy.com ranked Corpus Christi in the top 20% of metropolitan areas for low workforce costs.
  • International airport with the adjacent Corpus Christi International Business Center which provides 50 acres for aviation-related or dependent businesses. An additional 200 acres are also available. Five airlines provide service to national business centers.
  • Joe Fulton International Trade Corridor with over 1,000 acres of land for industrial development with deepwater port access along with three Class I railroads.
  • Logistics options. Three Class I railroads, deepwater port, air transport, and highway. Connections to the nation and world.
  • Ample land for development. This includes large parcels with significant incentives and Naval Station Ingleside, to be closed in 2010 offering an abundance of assets for business development.
  • Low office rents. Moody’s Economy.com indicates that Corpus Christi has the lowest office rents of any metropolitan area in the nation.
  • Abundant energy resources including electric, natural gas, and coal/petcoke.
  • Award winning city-wide wi-fi network. Corpus Christi was named a Smart 21 Community of 2007 by the Intelligent Community Forum and the number one Digital City in 2006 by the Center for Digital Government.
  • Strong, growing aerospace sector. Over 3,500 are employed in this sector and growing.
  • Diverse population, workforce and culture. Multiple ethnicities and proud cultures reflect the global orientation of Corpus Christi.
  • Texas A&M University – Corpus Christi. Fastest growing campus in the Texas A&M System. Major expansion plans underway that will accommodate 16,000 students.
  • Del Mar Community College. Three campuses in Corpus Christi one of which focuses on serving the business community with training and advanced workplace skills education.
  • Harte Research Institute for Gulf of Mexico Studies. A leading research organization focused on the environmental and related social issues of the Gulf of Mexico.
  • Low construction costs. R.S. Means indicates that residential and commercial/industrial construction costs in Corpus Christi are 78% of the national average.
  • Affordable cost of living. ACCRA composite index of 89 (4th quarter 2006) out of 100 (national average). The median price of an existing home in Corpus Christi is 59% of the national level according to the National Association of REALTORS®.
  • Positive, progressive business climate backed by a pro-business, “get things done” track-record.
  • Great living environment with beaches and national seashore; world-class entertainment; professional baseball, arena football and hockey; museums; three performing arts centers; state aquarium; six major hospitals including an internationally recognized children’s hospital; music from the symphony to jazz; diverse cuisine; hunting, fishing, boating, and wind-surfing; and semi-tropical weather.

Economic Trends
Corpus Christi Job Rate Exceeds National Average
Texas Rated #4 As Place To Do Business
Milken Institute Recognizes Corpus Christi as one of the nation’s Best Performing Cities
Transportation: An 'A' for Accessibility
Port of Corpus Christi Keeps Commerce Flowing
Corpus Christi International Airport Provides an Important Link for Coastal Bend Region

 
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