Press Release From Gulf Coast Growth Ventures
On behalf of the Board of Directors of CCREDC, we are pleased to be able to issue the following statement: At 10:30 a.m. today, Governor Abbott and the Exxon-SABIC Gulf Coast Growth Ventures team is scheduled to make an announcement that this area will be the location selected for their new plastics manufacturing project.
We know that this has been a long road that all of us have travelled to bring this world-scale project to our area. It has taken a year and a half of patience and hard work, of business leaders and communities, government entities and civic leaders coming together and making hard decisions about the future of our area, and we’ve finally got good news to share.
From CCREDC President and CEO Iain Vasey: “This project is an exciting one for our community. It will create over 600 permanent jobs in our community, with average salaries of over $90,000. It will create approximately $9.5 Billion in new investment, over 3,000 indirect and supplier jobs, and 3-5,000 construction jobs over a five year period. Most importantly, this project positions our region into the manufacture of next generation plastics and related products. It gives us the opportunity to secure additional investments in this sector, and build a state-of-the-art high-tech plastics sector.”
CCREDC leads the efforts of the Coastal Bend to build a vibrant economy with good quality job opportunities for our citizens, generate new tax dollars for our local governments, and additional opportunities for local businesses.
Thank you to all of you who stood up in support of this project. Thank you to all of you who gave the team from Exxon-SABIC such a big as Texas welcome. Thank you to all of you who worked behind the scenes to make this project a reality. When Exxon and SABIC started this site selection process almost two years ago, they had multiple locations to choose from. They narrowed down the options to four viable communities, two in Texas (the Corpus Christi area and Victoria area) and two in Louisiana (the Baton Rouge area), and ultimately have selected the Corpus Christi MSA as their preferred option.
Economic Development is very much a team sport, and successes like this project could not be done without a unified team of many players, all pulling together to achieve common goals.