ODC CAPS 2025 WITH MAJOR ECONOMIC WINS

The Odessa Development Corporation (ODC) closed out 2025 on a high note, continuing its long-standing role in supporting diverse, high-impact projects that strengthen and stabilize the local economy.

Retail and logistics investments remained a key driver of growth. The former Family Dollar Stores distribution center, originally developed in 2002 and now operating under Dollar Tree, continues to serve as a major logistics hub. More recently, a 2024 ODC infrastructure grant paved the way for the successful recruitment of Bass Pro Shops, which celebrated its grand opening in late 2025. Longstanding operations such as the Coca-Cola Enterprises distribution center expansion (2005) and Athletic Supply expansion (2001) also remain strong contributors to the regional economy.

Energy and manufacturing continued to anchor Odessa’s economic base. Major employers including Weatherford International (2002 expansion), CUDD Energy (2011), ChampionX (2020), and the REXtac manufacturing facility (2009 expansion) remain operational, supporting the Permian Basin while providing stable, high-value employment. Collectively, these operations represent a significant and diversified contribution to Odessa’s tax base through commercial property valuation and sales tax generated by job growth.

Several large-scale industrial and energy projects are further reshaping the economic landscape. Oxy/1PointFive’s Direct Air Capture (DAC) facility and GCC Permian Basin’s cement manufacturing expansion represent massive capital investments that substantially increase Ector County’s commercial property valuation. While some projects receive negotiated tax abatements during initial development phases, their long-term impact lies in the scale of taxable property added once abatements expire.

Additional projects, including Liberty Oilfield Services’ $50 million Permian Basin headquarters, Taylor Sudden Service’s expansion, Orrex Plastics Manufacturing, and the IDI distribution center completed in 2025, are securing long-term industrial and manufacturing growth. Liberty Oilfield’s headquarters alone retains approximately 1,000 existing jobs and adds 500 new positions, significantly expanding the local high-wage employment base.

Beyond direct property tax benefits, these projects are expected to generate hundreds of high-paying jobs, driving growth in local sales tax revenues and supporting new residential development. Together, these factors are helping to diversify and strengthen Odessa’s overall financial health.

In parallel with private-sector investment, the ODC has continued its commitment to workforce development through partnerships with Odessa College and The University of Texas Permian Basin. These ongoing programs play a critical role in preparing the local workforce to meet the needs of Odessa’s expanding industrial and commercial sectors.

Looking ahead, the Odessa Development Corporation reports more than $1 billion in potential projects currently in its development pipeline, signaling continued momentum for the region.

For more detailed information, the full economic development report is available online here.