Economy Odessa, Texas

prosperity bank building tallest building in odessa.



mcm grande hotel in odessa includes west texas events center.

historically, odessa economy has been driven area s oil industry, booming , busting in response rises , falls in crude oil price. many of city s largest employers oilfield supply companies , petrochemical processing companies. in recent decades, city leaders have begun trying decrease city s reliance on energy industry moderate boom-bust cycle , develop greater economic sustainability.

the city s efforts gradually diversify away energy industry have led growing role logistics industry, using odessa s location along major road , rail links through west texas. odessa stop on entrada al pacífico trade corridor. city became home major retail distribution centers family dollar in 2003 , coca-cola in 2007.

odessa has taken steps diversify energy produces. new wind farm has been constructed in northern ector county. new coal pollution mitigation plant has been announced site entered in futuregen bidding. new plant run summit power , located near penwell. new plant lead creation of 8,000 jobs in area. plans in place nuclear power plant run in conjunction nuclear engineering department @ university of texas of permian basin, called high-temperature teaching , test reactor. reactor planned near andrews.

odessa s main enclosed shopping mall music city mall, includes dillards, jc penney, sears, burlington coat factory, indoor ice skating rink, , television station. construction of new retail in recent years has been concentrated on city s northeast side. in november 2007, city approved contract company develops armaments army helicopters begin operations in odessa.

largest employers

as in many municipalities, of largest employers in education, government, , healthcare industries. outside of areas, city s major employers concentrated in oil industry. according city s 2013 comprehensive annual financial report, top employers in city are: