ED Around Town and Economic Indicators
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 Odessa Development News

January 2017
•         My Community Federal Credit Union – held a grand opening of its new facility at 4037 E. University Blvd.  Works by Odessa College photography members Steve Goff and Beckwith Thompson are displayed throughout the facility.
•         Odessa Housing Finance Corporation – had their ground breaking on the largest affordable housing community built in the city in years.  The apartment complex will have 181 units that will serve people who make less than $40,000 per year. 
•         Downtown Revitalization Update – City Council voted to buy the building that houses Norma’s Café with the intention of taking on a new role as landlord while pursuing broader redevelopment in the area.  Council members and city staff want the restaurant to stay in business at the property. Council also bought two properties belonging to OB-GYN Dr. Van Riper.
•         Medical Center Hospital – MCH unveiled a new 19-bed pediatric facility.  The grand opening of the Samantha Canady Center for Pediatric Care is geared toward providing immediate, advanced medical care for children in the Permian Basin.
•         Odessa High School –  Odessa High School Performing Arts Center is on its way to completion.  The target completion date is Feb. 17th.  The 25,000 SF structure will seat approximately 860.  It will offer a black box theater, classrooms, practice rooms, a 34-ft. deep stage and a state-of-the-art theater.  It is the last piece of the ECISD’s 2012 bond issue.
•         Stonegate Fellowship – work progresses to change Graham Central Station into Stonegate Fellowship.  Construction should be complete by July 1st for the first Sunday services to be held by the end of the month at 9 and 10:30a.m.  The building was purchased for $3 million, and all the renovations, audio, video, and lighting will total $4 million.  It will seat approximately 450 in the auditorium and the children’s area will have room for 200-250 from birth through the sixth grade. 
•         Odessa Council for the Arts and Humanities – City Council voted to accept the donation of the former “Cloth World” tower in front of the Pinkie’s on Maple Avenue with plans to transform the structure into the first major public art project.  The artist will be picked in mid-April with City Council approval with a target opening of September.

Odessa Construction Permits
New Commercial 
New Residential 
Odessa Economic Indicators
Building Permits
Sales and Use Tax
Labor Market Statistics
MLS Statistics - Single Family Residential
Midland International Airport
Permian Basin Rig Count

 Follow the  Odessa Development Corporation:

Wesley R. Burnett, CEcD, MPA
Director of Economic Development
Odessa Chamber of Commerce

700 North Grant, Suite 200
Odessa, Texas  79761
(432) 332-9111
(877) 363-3772 (Toll Free)
(432) 333-7858 (Fax)


Tracy Jones
Economic Development Specialist 


Kathi Vaughn
Research and Communication Specialist


Teresa Vasquez
Administrative Coordinator


Copyright © 2017 Odessa Texas Chamber of Commerce - Economic Development Department, All rights reserved.

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