Texas Political Spotlight

Welcome to 2025, Texas

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As we enter the new year, Texas’ ports are more crucial than ever to the state's economy, representing roughly 28% of Texas’ GDP. A recent report highlights their role in job creation and general activity. Meanwhile, the state is actively responding to severe storms in Southeast Texas, deploying over 300 responders to assist with recovery efforts, as residents prepare for another potential cold front.

Today’s Insights:

  • Texas Ports Continue to Propel the State’s Economy

  • Texas Mobilizes Resources to Tackle Storm Aftermath

Image Credit: Colliers.com

Texas Ports Continue to Propel the State’s Economy

Texas Ports are a major player in powering the state's economy, contributing over $713.9 billion in economic activity—28% of Texas’ GDP. A recent study by the Texas Ports Association highlights how these ports are not just hubs for shipping, but key drivers of economic growth and job creation across the state. Economic value surged from $449.6 billion in 2018 to $713.9 billion, showcasing the extensive impact of port operations on Texas’ economy and households across all 254 counties.

Job growth has been accompanied by an increase in the average annual salary of port workers from $67,611 to $81,845, and port activity now supports $17.1 billion in state and local tax revenue. Additionally, Texas Ports demonstrate an impressive return on investment, yielding $53.46 for every $1 invested, highlighting their efficiency as economic multipliers. Cruise passenger and marina activities further diversify the ports' economic contributions, generating thousands of jobs, $1 billion in business revenue, and over $26.6 million in taxes in 2023. Despite these achievements, leaders like Kent Britton, CEO of Port of Corpus Christi, emphasize the need for strategic capital investments to maintain Texas Ports' competitive edge against global infrastructure advancements.

“There is an incredible return on investment for all of Texas. Port growth does not happen in a vacuum; we understand that we impact the lives of all Texans and the nation. We also are aware of the challenges we face where other states and nations are making massive investments in port infrastructure. For Texas and Texas ports to remain strong, strategic capital investments are needed”

- Kent Britton, CEO of Port of Corpus Christi

Texas Mobilizes Resources to Tackle Storm Aftermath

Lt. Governor Dan Patrick provided an update today on the state’s response to the severe weather that hit Southeast Texas, causing widespread damage. The storm, which brought flash flooding, large hail, and tornadoes, resulted in one confirmed fatality and several injuries. In response, the state deployed over 300 responders and more than 180 assets, including search and rescue personnel, boat squads with rescue swimmers, and roadway safety equipment. Resources will remain on standby to assist local officials as needed, and volunteer organizations have also mobilized to help communities in need.

Patrick emphasized that Texas state agencies are working diligently to assess the damage and provide support, with initial damage assessments already underway.

“There are some localized, provider-related power outages. State officials are working to ensure electrical providers restore power to all impacted Texans as quickly as possible.”

“Texas state agencies are working hard to help their fellow Texans and have begun to assess the damage.”

- Lt. Gov. Dan Patrick

This event and response come just a week before meteorologists warn of another potential arctic blast hitting Texas. While the cold front is expected to impact the entire state, the National Weather Service predicts an 80% to 90% chance of well below-average temperatures in East Texas. As communities continue to recover, they may face additional challenges in the coming days. Officials are urging residents to prepare for the cold and stay informed on weather updates.

We hope you enjoyed today’s read!

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