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Recent Developments

Solar company investing in Permian Basin

Posted on March 22, 2018

One of the largest manufacturers of solar panels and solar cells in the country is looking at possibly building a solar project in Ector County — a potential $50 million investment. The project, called Oberon Solar, would consist of a 50 megawatt solar power plant on unused land in western Ector County. Each megawatt would […]

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Cryogenic gas processing plants cropping up throughout basin

Posted on March 22, 2018

Honeywell subsidiary UOP Russell is providing a third cryogenic gas processing plant to Brazos Midstream. The new plant will be similar to Brazos’ Comanche II plant and will process 200 million cubic feet per … more Natural gas processing plants are cropping up throughout the Permian Basin as the business opportunities created by the area’s […]

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New ODC board member appointed

Posted on March 22, 2018

Councilman cites acumen as small businessman.     Ted Tuminowski, owner of Diversified Warehouse, gives a tour Dec. 4, 2013, of one of the warehouses that is used to store a variety of materials for businesses from all around the world. The Odessa Development Corporation began 2018 with District 4 Councilman Mike Gardner appointing industrial […]

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Looking into Odessa’s economic growth for 2018

Posted on March 22, 2018

ODESSA — Oil prices finished out 2017 at over 60 dollars a barrel, just under 10 dollars more than the beginning of last year. Those are just the numbers, but if you really want to see the effects of a thriving oil and gas industry, all you have to do is take a look around your […]

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ODC approves $8M for OC

Posted on September 12, 2017

The Odessa Development Corporation approved awarding $8 million to Odessa College on Thursday, reasoning it would help grow the economy by providing equipment and facilities improvements used to train in-demand workers. The economic development sales tax grant, which the City Council must ratify before it becomes final, would be awarded over three years as reimbursements […]

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Technip FMC

Posted on August 3, 2017

TechnipFMC held their ribbon cutting at 8950 E. Interstate 20 on May 11, 2017. With the collaboration of the Odessa Development Corporation, this company settled in a community in which they described as having the best people in and around the Basin.

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Glazer’s Beer & Beverage Chooses Odessa

Posted on August 3, 2017

The economic development department has worked with Glazer’s Beer & Beverage since April of 2016. After 14 months of communication, meetings, compliance and travel, the  project’s grant was approved by the ODC on May 11, 2017 in the amount of $1.1 million. City Council approved the ODC incentive and tax abatement in June 2017. The […]

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