Our Economy Is Good
There is no question that our national economy has been in the doldrums for the past several years and some might say that it has been worse than that, but Texas, and particularly Houston, has been fortunate to have been spared the worst. Those of us who live and work in the Clear Lake area have been wrestling with the end of the Shuttle Program at Johnson Space Center and the loss of jobs that this has entailed. While this has been troubling, a recent communication from Bob Mitchell, President of Bay Area Houston Economic Partnership is very encouraging.
It seems that NASA, while discontinuing the Shuttle Program, is embarking on a new and ambitious effort to expand the commercialization of space and some of those projects are being developed right here. There are at least two companies that have been funded, who will hire about 250 people to pursue space projects in Clear Lake.
In addition to space related opportunities, Bob points out that many of our other local industries; chemical, electronic, and medical, are expanding and hiring some of the engineering talent that so abounds in this area as a result of the Space Program.
There are a number of other projects and expansions that are slated for this region and in particular, Ellington Field, that hold promise for continuing the economic vitality of Houston and The Bay Area in particular. We are indeed fortunate to live and work in such a vibrant community.