Odessa is strategically located to be a major distribution center for international goods. According to data from the U.S. Department of Commerce, trade with Mexico continues to grow and provides tremendous benefits statewide.
Many national and international companies outside the oil and gas industry view Odessa’s diversified economy as pivotal for product distribution. In fact, several companies that sell goods worldwide have large distribution centers here. Global economies rely on these strategically located regional distribution hubs to supplement each company’s robust inventory.
Oil and gas is without a doubt the most valuable mineral produced in Texas, and it’s the backbone of the city of Odessa.
In fact, the Permian Basin is hands down the #1 producer of oil & gas in the United States. We provide service, equipment, and manufacturing to a massive world petroleum market. Even though our economy has diversified significantly in recent years, Odessa is still considered one of the major oil field technology and manufacturing economies of the world.
Odessa has grown to be the healthcare hub for the surrounding communities with state-of-the-art services and technology. Of the top ten employers in our community, four are in the healthcare field. There are more than 200 physicians representing a wide variety of specialties, including cardiovascular surgery, emergency care, and comprehensive cancer care. In addition, there are more than 80 dentists in the community.
Odessa’s acute care hospitals, Medical Center Hospital and Odessa Regional Medical Center, have a combined total of 632 licensed beds. The Texas Tech University Health Sciences Center (TTUHSC) in Odessa is dedicated to improving the quality of healthcare, medical education, and medical research in the Permian Basin. In addition to several medical residency programs, TTUHSC also offers bachelor’s and doctorate degrees in many healthcare fields.
The energy sector is evolving, with emerging challenges and exciting new technologies. Challenges include scarce fresh water for drilling needs and environmental concerns such as water usage and disposal of wastewater. New technologies can both address these problems and enhance all aspects of the exploration and production process. Odessa is well positioned to emerge as a center for the future of the energy industry beyond the basic support of oil and gas drilling and production.
With abundant energy and 24/7 manufacturing support, Odessa has the infrastructure, skilled workforce and business climate to ensure your company succeeds. With the discovery of oil in the 1920s, Odessa quickly became the regional hub for all manufacturing needs, and our city truly does support a 24/7 manufacturing industry. Response is critical in this industry and our workforce understands that. From machinery manufacturing to chemical and metal manufacturing, Odessa has been the longstanding leader in this industry.