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New initiative recognizes local visionaries and the investments helping businesses and organizations expand in OdessaEditor’s note: See the campaign video here.ODESSA, Texas — Big ideas can create big opportunities, especially when they have the right support behind them.The Odessa Development Corporation is highlighting the power of partnership with the launch...
In July 2023, Border States Industries received approximately $970,000 in incentives from the Odessa Development Corporation to support facility expansion and job creation. The project targeted 10 new jobs, a $500,000 increase in payroll, and a $12 million capital investment. Border States surpassed its job target, doubling employment growth in...
In September 2023, Standard Industrial Manufacturing Partners LLC received $900,000 in incentives from the Odessa Development Corporation. This support drove $2.5 million in capital investment and initiated a major shift in the company’s Odessa operations. The funding enabled new manufacturing activity, job creation, and long-term growth for a business established...
Economic development drives job growth, tax revenue, and long-term stability in Odessa. However, many residents and officials focus solely on project announcements and incentives, which can create confusion about decision-making and outcomes.The Odessa Development Corporation relies on data, employer feedback, and long-term planning. Daily coordination covers business, workforce, and infrastructure...
Most economic development projects begin long before the public hears about them. Site selectors and business executives study many locations before they choose a site. During this stage, they review land, infrastructure, workforce data, and operating costs. They also meet with local economic development organizations to discuss possible locations.In Odessa,...
Odessa is no stranger to infrastructure-led growth. Now, a new class of infrastructure, data centers, is creating tangible workforce benefits and reshaping how talent is developed and deployed across the region. These facilities are not only supporting high-paying jobs within their walls but also catalyzing broader workforce alignment across key...
Odessa's investment in data infrastructure is doing more than meeting current digital demand. It's shaping the region's long-term economic future. As data centers take hold, they're driving industry diversification by attracting businesses that depend on low-latency, high-reliability connections, especially firms in information technology, advanced manufacturing, and digital services.These companies are...
Contributor: Aaron Brossoit is co-founder and CEO of Golden Shovel Agency, an economic development communications firm working with more than 300 communities globally. Site selection has always been about more than numbers. Spreadsheets can point to available sites and costs, but they can't capture the culture of a community, the resilience...
Odessa doesn’t need to choose between supporting innovation and protecting taxpayers. Data centers offer both. These low-impact, high-value facilities generate millions in tax revenue, enhance infrastructure, and attract next-generation industries, without overburdening city services or residents.Tax Revenue Without the TradeoffsThe primary advantage of data centers is their ability to add...
Odessa isn’t competing on potential. It’s competing with strategy. Every incentive offered by the Odessa Development Corporation (ODC) is tied to measurable business impact, whether it’s new jobs, increased payroll, or capital investment. These tools aren’t speculative. They’re structured to reduce risk, improve margins, and accelerate growth for companies choosing...
Business Retention & Expansion (BRE) is a significant part of Odessa’s economic development approach. BRE is grounded in results demonstrated by new jobs, more investment, and increased economic resilience. The Odessa Development Corporation’s (ODC) strategy focuses on identifying local growth opportunities, removing barriers to expansion, and directly supporting the companies...
When you read a business announcement for new investments or jobs, it wasn’t because the ODC cast a wide net and hoped to attract a new business. They spent the time and effort to be precise and take deliberate action.For business attraction, the Odessa Development Corporation (ODC) identifies and targets...
The Odessa Development Corporation (ODC) applies a disciplined approach to public-private partnerships that strengthen Odessa’s infrastructure and accelerate business growth. These partnerships are structured, targeted, and aligned with state law to support new and expanding enterprises directly.Funding Infrastructure that Drives DevelopmentODC funding comes from Type A sales tax revenue, which...