ODC Performance

Target Industry/Type: Manufacturing (Equipment)

Project Date: March 2023

NAICS Codes: 33324

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: -

Retained FTEs: 31

Total FTEs: 31

New Payroll: -

Existing Payroll: -

Total Payroll: $2,244,440

Capital Investment: $2,400,000

New Job Grant: -

Retained Job Grant: -

Capital Investment Grant: -

Total Grant: $862,579

Notes: 31 retained - $2,444,440

Target Industry/Type: Manufacturing (Oilfield)

Project Date: August 2023

NAICS Codes: 213112

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 15

Retained FTEs: -

Total FTEs: 15

New Payroll: -

Existing Payroll: -

Total Payroll: $1,331,200

Capital Investment: $2,270,000

New Job Grant: -

Retained Job Grant: -

Capital Investment Grant: -

Total Grant: $942,459

Notes: 20 retained $1,725,480

Target Industry/Type: Manufacturing (Oilfield Supply)

Project Date: August 2023

NAICS Codes: 333132

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: -

Retained FTEs: -

Total FTEs: 22

New Payroll: -

Existing Payroll: -

Total Payroll: $2,723,551

Capital Investment: $2,565,000

New Job Grant: -

Retained Job Grant: -

Capital Investment Grant: -

Total Grant: $900,552

Notes: 8 retained $963,551

Target Industry/Type: Distribution (Electrical)

Project Date: July 2023

NAICS Codes: 221122

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: -

Retained FTEs: -

Total FTEs: 10

New Payroll: -

Existing Payroll: -

Total Payroll: $510,536

Capital Investment: $12,000,000

New Job Grant: -

Retained Job Grant: -

Capital Investment Grant: -

Total Grant: $600,000

Notes: 8 retained - $375,000

Target Industry/Type: Infrastructure

Project Date: July 2024

NAICS Codes: 236220

Objective: Infrastructure

Strategy: Invest in infrastructure to serve businesses resulting in new or retained jobs and investment

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: —

Total FTEs: —

New Payroll: —

Existing Payroll: —

Total Payroll: —

Capital Investment: —

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: —

Notes: —

Target Industry/Type: Workforce (Education)

Project Date: —

NAICS Codes: 541330

Objective: Workforce Development

Strategy: Invest in projects to stregthen Odessa's workforce pipeline.

Measurement: Unemployment Rate / Investment ROI

New FTEs: —

Retained FTEs: —

Total FTEs: —

New Payroll: —

Existing Payroll: —

Total Payroll: —

Capital Investment: —

New Job Grant: $2,000,000

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: —

Notes: —

Target Industry/Type: Manufacturing/Distribution

Project Date: April 2025

NAICS Codes: 332322

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 17

Retained FTEs: —

Total FTEs: 17

New Payroll: $905,000

Existing Payroll: —

Total Payroll: $905,000

Capital Investment: —

New Job Grant: $275,550

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $275,550

Notes: —

Target Industry/Type: Distribution

Project Date: March 2025

NAICS Codes: 423330

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 6

Retained FTEs: —

Total FTEs: 6

New Payroll: $520,600

Existing Payroll: —

Total Payroll: $520,600

Capital Investment: $1,260,000

New Job Grant: $188,100

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $188,100

Notes: —

Target Industry/Type: Manufacturing (Oilfield)

Project Date: February 2025

NAICS Codes: 213112

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: 5

Total FTEs: 5

New Payroll: —

Existing Payroll: $684,000

Total Payroll: $684,000

Capital Investment: $250,000

New Job Grant: $107,400

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $107,400

Notes: —

Target Industry/Type: Equipment (Leasing)

Project Date: September 2024

NAICS Codes: 532412

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 12

Retained FTEs: 7

Total FTEs: 19

New Payroll: $275,000

Existing Payroll: —

Total Payroll: —

Capital Investment: $2,100,000

New Job Grant: $636,983

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $636,983

Notes: —

Target Industry/Type: Workforce (Data)

Project Date: July 2024

NAICS Codes: 926110

Objective: Workforce Development

Strategy: Invest in projects to strengthen Odessa's workforce pipeline.

Measurement: Unemployment Rate / Investment ROI

New FTEs: —

Retained FTEs: —

Total FTEs: —

New Payroll: —

Existing Payroll: —

Total Payroll: —

Capital Investment: —

New Job Grant: $819,060

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: —

Notes: —

Target Industry/Type: Manufacturing (Plastics)

Project Date: July 2024

NAICS Codes: 213112

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 16

Retained FTEs: 134

Total FTEs: 150

New Payroll: $806,880

Existing Payroll: $7,107,500

Total Payroll: $7,914,380

Capital Investment: $2,500,000

New Job Grant: $2,100,000

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $2,100,000

Notes: —

Target Industry/Type: Infrastructure

Project Date: July 2024

NAICS Codes: 236220

Objective: Infrastructure

Strategy: Invest in infrastructure to serve businesses resulting in new or retained jobs and investment

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: —

Total FTEs: —

New Payroll: —

Existing Payroll: —

Total Payroll: —

Capital Investment: —

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: —

Notes: Infrastructure improvements led to attraction of Bass Pro Shops

Target Industry/Type: Manufacturing (Oilfield)

Project Date: August 2023

NAICS Codes: 333132

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 53

Retained FTEs: 57

Total FTEs: 108

New Payroll: $7,256,000

Existing Payroll: $2,956,000

Total Payroll: $10,212,000

Capital Investment: $1,065,000

New Job Grant: $637,118

Retained Job Grant: $663,676

Capital Investment Grant: $339,206

Total Grant: $1,640,000

Notes: —

Target Industry/Type: Manufacturing (Oilfield)

Project Date: August 2023

NAICS Codes: 213112

Objective: Business Attraction

Strategy: Attract companies to Odessa from outside markets resulting in new jobs and investment

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: —

Total FTEs: 1,456

New Payroll: —

Existing Payroll: —

Total Payroll: $87,913,300

Capital Investment: $34,000,000

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $2,500,000

Notes: —

Target Industry/Type: Manufacturing (Cement)

Project Date: August 2023

NAICS Codes: 327310

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: —

Total FTEs: 5

New Payroll: —

Existing Payroll: —

Total Payroll: $306,382

Capital Investment: $400,000,000

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $2,118,588

Notes: 104 retained $8,030,842

Target Industry/Type: Renewable (Direct Air Capture)

Project Date: August 2023

NAICS Codes: 325120

Objective: Business Attraction

Strategy: Attract companies to Odessa from outside markets resulting in new jobs and investment

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: 125

Retained FTEs: —

Total FTEs: 125

New Payroll: —

Existing Payroll: —

Total Payroll: $7,933,000

Capital Investment: $810,000,000

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $2,400,000

Notes: —

Target Industry/Type: Facade/Infrastructure

Project Date: July 2022

NAICS Codes: 519120 / 712110

Objective: Business Retention & Expansion

Strategy: Strengthen the local economy by supporting existing companies, creating jobs, and ensuring long-term community growth.

Measurement: Full Time Employment / Job Retention / Capital Investment

New FTEs: —

Retained FTEs: —

Total FTEs: 10

New Payroll: —

Existing Payroll: —

Total Payroll: $835,000

Capital Investment: $12,000,000

New Job Grant: —

Retained Job Grant: —

Capital Investment Grant: —

Total Grant: $600,000

Notes: —