ED Around Town and Economic Indicators
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 ED Around Town

August 2016
•           Odessa College – Excelencia in Education recently announced that Odessa College is one of the 2016 National finalists for Examples of Excelencia, an initiative honoring America’s top programs that increase academic opportunities and achievement for Latino students.  Odessa College is the only Texas-based community college to be selected for the “Associate level Finalists” category.  The finalists were nominated in four categories:  associate degree, bachelor’s degree, graduate degree and community-based organization.  Representatives from Odessa College will attend the Celebracion de Excelencia Sept 21st in Washington, D.C., where the announcement of the winner in each of the four categories will be made.
•           TTUHSC – Texas Tech University Health Sciences Center unveiled a revamped auditorium August 11th at 800 W. Fourth St., which will be available to medical students and other community agencies and nonprofits.  Seating 206, the venue will be used by all TTUHSC schools on the Permian Basin campus including the School of Medicine, the School of Nursing and the School of Health Professions Physical Therapy and Physician Assistant programs.  It features state-of-the-art audiovisual and sound equipment, new lighting and new seating.  Each seat has electrical and computer connections and the chairs turn 360 degrees and there is stadium seating, allowing people to see from anywhere in the auditorium.
•           Odessa Restaurant & Brewing Co. – Lisa and Lee Friske plan to open Odessa Restaurant & Brewing Company around this time next year.  Their plans call for approximately 65 employees and a giant pub able to seat hundreds of customers.  The future brew pub will be located at 1050 Tres Hermanes Blvd.  Plans call for a two-story building with several dining arenas, approximately 11,000 sq. ft.
•           UTPB – UTPB has received a $250,000 grant from the UT System Rising STARs Program and has hired aerospace engineer, Redha Wahidi.  Wahidi has a PhD in aerospace engineering, a master’s in mechanical engineering and a bachelor of science in marine systems engineering.  The development of the Aerospace Track within the Department of Mechanical Engineering is a key element to achieve UTPB’s goal growing the local aerospace industry.  The Aerospace Engineering program will provide a solid workforce for the companies operating at the Midland International Air & Space Port.
•           UTPB – The University of Texas System Board of Regents have approved design development and authorized the expenditure of funds for UTPB to build and engineering building at the CEED complex at 1310 N. FM 1788.  The $52 million building will stand 3 stories tall and enclose a little more than 94,000 sq. ft.  Dr. Watts said he anticipates that the building will be under construction by Spring 2017 and fully occupied and operational by Fall 2019.  One in 10 students at UTPB is in engineering.
•           Southwest Heritage Credit Union – Permit issued 8/04/16, new credit union, 2489 W. University Blvd., $1,700,000.
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
Economic Development Director
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


Brittany Sotelo
Marketing Specialist


Copyright © 2016 Odessa Texas Chamber of Commerce - Economic Development Department, All rights reserved.

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