Economic Indicators in Positive Territory for Coastal Bend - KiiiTV.com South Texas, Corpus Christi, Coastal Bend

Economic Indicators in Positive Territory for Coastal Bend

Posted: Updated:
CORPUS CHRISTI (Kiii News) -

There is more hopeful economic news for the Coastal Bend as lots of indicators are in positive territory, from personal wealth to residential building permits.

Kiii News Reporter Michael Gibson went Live from Highway 44 near the newly opened Baker Hughes plant with the details.

The Baker Hughes plant is one of a number of commercial projects that are a result of the Eagle Ford Shale boom. The facility is one of the shining examples of the turnaround in our economy, as Baker Hughes has four different production lines running out of the place; but City planners say there are other economic indicators which are showing a strong local economy.

Texas workforce numbers show that new home permits in 2012 were up by 44-percent over 2011. That value is placed at over $178 million. Bank deposits are also up by seven-percent over 2011. Even the per capita income rose by six-percent.

"It's always pleasing to report that we see a 50-percent increase in new residential permits, about a 50-percent increase in the value of those homes, 15-percent increase if you look at a calendar year on the sales tax," Assistant City Manager Oscar Martinez said.

Another sign of a real economic turnaround is that our unemployment rate has dropped down to 5.7-percent, whereas the end of 2011 saw it at 6.9-percent.

  • Update: 5 Workers Arrested During Banquete Game Room Bust

    Update: 5 Workers Arrested During Banquete Game Room Bust

    Saturday, April 19 2014 11:00 PM EDT2014-04-20 03:00:15 GMT
    Another game room bust, this one happening in Banquete late Friday night. The Nueces County Sheriff's Office raided two game rooms and both of them were packed with players. The sheriff's office had under cover officers look into two game rooms, one in Banquete and the other just south of Robstown. Not only is it alleged that the game room paying out money, but the game room in Banquete was also a fire trap since there was only one way in and one way out. The Banquete game room had been ...More >>
    Another game room bust, this one happening in Banquete late Friday night. The Nueces County Sheriff's Office raided two game rooms and both of them were packed with players. The sheriff's office had under cover officers look into two game rooms, one in Banquete and the other just south of Robstown. Not only is it alleged that the game room paying out money, but the game room in Banquete was also a fire trap since there was only one way in and one way out. The Banquete game room had been ...More >>
  • Residents Startled by Gun Fire

    Residents Startled by Gun Fire

    Saturday, April 19 2014 10:45 PM EDT2014-04-20 02:45:09 GMT
    Residents woke up to the sound of gun shots in one westside neighborhood Saturday morning. The incident happened just before 2:30 Saturday morning at a home near the intersection of Cortez and Baldwin Boulevard. Police later told 3 News that one man was arrested, but only for public intoxication. Police say the man put up a struggle with officers.More >>
    Residents woke up to the sound of gun shots in one westside neighborhood Saturday morning. The incident happened just before 2:30 Saturday morning at a home near the intersection of Cortez and Baldwin Boulevard. Police later told 3 News that one man was arrested, but only for public intoxication. Police say the man put up a struggle with officers.More >>
  • Car Crashes and Catches Fire

    Car Crashes and Catches Fire

    Saturday, April 19 2014 10:30 PM EDT2014-04-20 02:30:09 GMT
    A driver loses control and crashes in between two barriers under the freeway. It happened at the Greenwood turn around and SPID earlier Saturday afternoon. CCPD says that the driver was speeding when he made the turn and lost control, getting stuck between the two barriers. Police say the impact caused the car to catch fire. The driver was not injured. He was given a ticket and the car will be impounded, that's because the driver did not have insurance.More >>
    A driver loses control and crashes in between two barriers under the freeway. It happened at the Greenwood turn around and SPID earlier Saturday afternoon. CCPD says that the driver was speeding when he made the turn and lost control, getting stuck between the two barriers. Police say the impact caused the car to catch fire. The driver was not injured. He was given a ticket and the car will be impounded, that's because the driver did not have insurance.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KIII. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.