OUR VISION

The mission of the South Texas Economic Development Center (STEDC) is to support and advance sustainable economic and community development in South Texas, particularly the Coastal Bend region. STEDC provides consulting, education, research and data services to community stakeholders, including government and economic development agencies, and businesses.

Rising from the pandemic, the Center is making a subtle shift in its mission, which now emphasizes progress that is not just a matter of economic growth, but also individual and social well-being.  

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Advancing Education Equity

Like the state, Corpus Christi has fallen short of meeting the educational attainment target for achieving the 60x30 goal. The number of higher education completions has been rising among minority populations, but not enough to close existing gaps. Education equity sets the stage for health equity in addition to workforce development. Read the article online | PDF version.
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Coastal Bend Economic Development Strategy

This is an excerpt of a key section of the CEDS report, Goals and Strategic Actions, which highlights economic development priorities from the collective perspectives of committee members. The full report also contains a profile of the region and its economy, followed by an overview of strengths, weaknesses, opportunities and threats, or SWOT analysis. Read the article online | PDF version.
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The Impact of COVID-19 on Local Tourism

COVID-19 has led to substantially higher unemployment in the hospitality sector than the rest of the regional economy since April 2020. Corpus Christi lost an estimate of 1,066 jobs and $30 million in wage earnings directly associated with reduced visitor spending in the area. Given the exposure of most local industries to tourism activities, the metro area lost an estimated total of 1,448 jobs and $520 million in business due to fewer out-of-town visitors to the region in 2020. Read the article online.
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COVID-19 Dashboard: Impact and Recovery

The pandemic has not ended yet. But Corpus Christi is transitioning to a so-called YOLO (You Only Live Once) economy, which may well be a new normal. This dashbboard consists of two sections: The first section shows estimates of the impact of COVID-19 on the economy by the end of March 2021, one year after the statewide lockdown mandate. The second section is a monthly update on key drivers of the area's economic recovery. Check back often to stay ahead! View the dashboard infographics.
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COVID-19 Survey Ahead of New Normal

According to the survey responses, most businesses have reopened. Besides an uncertain economic outlook, businesses' top challenges currently are supply chain disruptions and staff recruitment. The majority of respondents valued the financial assistance from federal grants and loans, but many also attributed the new unemployment benefits to their hiring challenges. Read the Coastal Bend report online | PDF version | Report for Victoria

Media Coverage: KIII, 4/16 | Caller-Times, 4/17 | KHOU (Houston) | Caller-Times, 5/20 |
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The Impact of COVID-19 on Local Tourism

COVID-19 has led to substantially higher unemployment in the hospitality sector than the rest of the regional economy since April 2020. Corpus Christi lost an estimate of 1,066 jobs and $30 million in wage earnings directly associated with reduced visitor spending in the area. Given the exposure of most local industries to tourism activities, the metro area lost an estimated total of 1,448 jobs and $520 million in business due to fewer out-of-town visitors to the region in 2020. Read the article online.
STEDC
Local Focus. Global Perspective.

South Texas Economic Development Center
College of Business
Texas A&M University-Corpus Christi