Community Profile

Learn what others know: Odessa is the best place for your business!

Odessa is a vibrant, growing community. Life in Odessa is not just about business. It is a community that welcomes its citizens with open arms in the business community and daily life.

Odessa has long been known for its rich resources due to its location in the Permian Basin, the largest single source of oil and gas deposits in the United States. The abundant energy combined with world-class infrastructure, a skilled workforce and a pro-business climate has proven Odessa ideal for business. 

The local economy has rapidly diversified recently, with new businesses coming to the community. Today, Odessa is a focal point for product distribution for national and international companies outside the oil and gas industry.

As a result, Odessa continues to grow, with the population forecasted to exceed 215,000 by 2040. Employment forecasts 1.70% growth annually in that timeframe, creating over 37,400 net new jobs. Real personal income and retail sales are projected to increase by 3.81% and 4.13% per year, respectively. For comparison, the rate of growth for output in Texas is forecast to be 3.25% annually through 2040, with employment in the state expanding at a pace of 1.70% per year.

The outstanding cultural and recreational opportunities, healthcare facilities and ease of access to the surrounding region make Odessa the ideal place for business expansion and relocation.