Why your Economic Development Corporation Matters
Centered on the philosophy of Dr. Ray Perryman, SEDC has developed and deployed a wide variety of incentives and support structures to aide site selectors in choosing Seminole for their business needs. Looking ahead in 2017, Dr. Perryman - leading mind in economic development forecasting - shares his thoughts on why Texas is the best choice for your new site, as well as the most recent data.
The future of the state of texas and industry
"The resilience of the Texas economy with the end of the oil surge has surprised many, and prospects for continued expansion are good. Targeted economic development efforts have been ongoing for decades and are a major reason for the state’s success even in the face of dropping oil prices. Technology and advanced industries, biosciences and research, and other emerging industries are part of the story.
Stability and growth in cornerstone industries like higher education and health care are also contributing factors. Looking ahead, the Texas economy is likely to continue to diversify away from dependence on oil, though clearly energy will remain an important driver of economic activity. Expansion in Texas is anticipated to outpace the nation in the next five years."
About the perryman group
Dr. Perryman is Founder and President of The Perryman Group (TPG), an economic and financial analysis firm and headquartered in Waco, Texas. His complex modeling systems form a basis for corporate and governmental planning around the globe. His thousands of academic and trade articles and presentations span a wide variety of topics, gaining him international respect and acclaim. He has also authored several books, including Survive & Conquer, an account of the Texas economy during the turbulent 1980s, and The Measurement of Monetary Policy, a treatise on Federal Reserve activity. A popular speaker, he addresses hundreds of audiences throughout the world every year.
The Perryman Short-Term Economic Forecast is produced annually and provides economic projections for the nation, Texas, the state's major metropolitan statistical areas, economic regions, and council of government regions. The latest publication was presented January 2017.