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Odessa Development Corp. considers Perryman study

Authors: 
Odessa American
 
 
 

Posted: Friday, September 9, 2016 12:11 pm

The Odessa Development Corporation will consider awarding a $150,000 contract to The Perryman Group during a special meeting Tuesday, commissioning economist Ray Perryman to update a study from the early 1990s about industries the city should target for economic development.

Perryman told city officials in an email that study could take up to four months but could be finished sooner if needed. Perryman also did the 1993 study, when his wife, Lorraine Perryman, was mayor.

A summary of the proposed project presented during the Thursday ODC meeting says “energy is and will continue to be a defining aspect of the local economy” but there are opportunities to “enhance the value” from the energy sector while diversifying the economy and building off the existing workforce and industrial base.

The economist proposed studying demographics and historical performance trends in the local area and region and assessing industries in sectors including logistics and health care, among others. The study will also include an assessment of international projects, including opportunities involving Mexico.

IN OTHER BUSINESS, THE ODC:

  • Approved minutes from the Aug. 11 meeting.
  • Discussed Maryland-based X-energy’s exploration of whether to build a high-temperature gas-cooled nuclear reactor in Ector County.
  • Approved resolutions related to incentive contracts for Select Energy Services and FMC Technologies.
  • Reviewed financial and investment reports and updates from contacting agencies.