WELCOME
G
alveston Island is a coastal barrier island located along the Gulf Coast of Texas. Galveston’s economy is fueled primarily through three primary clusters: Maritime, Tourism, and Education/Healthcare. Galveston possesses a steeped history of innovation and entrepreneurship.
While the core population of Galveston is approximately 53,000 residents, Galveston operates as a city with a population base of 80,000 – 100,000 daily. Galveston’s close proximity to the 4th largest City in the United States, Houston, contributes to a diversified community with five separate and distinct demographic sectors: base population (53,000), second homeowners on the Island’s West End (70-75% of west end homes owned by second homeowners), college town (almost 10,000 students), job center for Galveston County (approximately 38,000 jobs in Galveston), tourism destination (over 6.5 million visitors annually). The investment climate occurring across Galveston Island is robust and diversified. The two flagship Universities that are located on the Island, University of Texas Medical Branch at Galveston (UTMB) and Texas A&M University at Galveston (TAMUG) are both undergoing expansions in programs, innovation, and facilities. Tourism activities are at historical levels as evidenced by hotel occupancy tax collections, average daily rates (highest along the gulf coast) and sales tax revenues across the board. The Port of Galveston is in process of constructing a new $100+ million cruise ship terminal (Galveston’s 3rd Cruise Terminal) for Royal Caribbean (the Port of Galveston is the 4th most productive cruise port in the U.S.). Private sector investments are occurring across all sections of Galveston. Infill redevelopment, adaptive reuse, residential, commercial activity and much more. The public sector of Galveston is providing a foundation for investor confidence by strategically reinvesting in core infrastructure, services, and facilities. The City of Galveston is investing more today in neighborhoods, infrastructure and parks than has been invested in the past 40 years combined. This success can also be attributed to the community’s recognition of disaster preparedness, mitigation, and strategic recovery. A national model on several fronts, following Hurricane Ike in 2008 – over $2 billion has been reinvested in the core of Galveston Island. Galveston has proven through the years that proactive preparedness, mitigation, and enhanced construction standards can in fact mitigate financial loss and hardships following natural disasters or catastrophic events.
Keith Bassett Chairman of the Board GEDP
The Honorable Craig Brown Mayor - City of Galveston
I invite you to read through this edition of the GEDP Development Guide and encourage you to reach out to us or to any of our esteemed stakeholders within Galveston Island to explore investment or development opportunities that can help continue driving Galveston’s economic climate forward.
2022 GEDP Galveston Development Guide | 3
MARITIME:
EMERGING TECHNOLOGY:
Implementation of the Port Masterplan
Expanding emerging technology ecosystem
Infrastructure construction and maintenance
Incubator/Accelerator expansion
Royal Caribbean Cruise Terminal
Local, regional and state wide collaborations
Ship channel improvements
Innovation and entrepreneurship programs and activities
Green Marine Certification
Growth in talent, space and capital formation
TOURISM: Recreation/sports tourism opportunities Tradeshow/Convention development Beach nourishment Cruise industry development
RESILIENCE - BUSINESS CONTINUITY: Business continuity tools and resources Continued expansion of business continuity network Innovative technology and strategies for business continuity
Tourism growth and diversification
EDUCATION & HEATHCARE: Comprehensive education and healthcare excellence Innovative Public/Private Partnerships Diversity and workforce development College town amenities and programs
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ECONOMIC DEVELOPMENT TOOLS: Strategic investment areas Innovation network and entrepreneurship resources Incentive and resource leverage Human, natural and financial resources Business development tools and resources
TABLE OF CONTENTS
06
Economic Climate
11
Tourism
14
Education and Healthcare Galveston sectors resilient and growing ..............................................
The Galveston Economic Development Partnership is a private, membership based non-profit 501(c)(6) organization.
18
Maritime
Phone 409.770.0216
All sectors are strong in growth ..............................................
Galveston tourism strong and diversified ..............................................
Expansion, growth and multiple opportunities ..............................................
21
Emerging Technology
23
Residential
24
Projects and Development
26
GEDP Membership | Sponsors
Innovation and entrepreneurship continues to push Galveston into the spotlight ..............................................
Galveston’s residential market is booming ..............................................
Growth and development has soared ..............................................
Membership information and sponsors of the 2021 Economic Development Summit ..............................................
.......................
Mailing Address P.O. Box 8029 Galveston, TX 77553 Physical Address UTMB Customs House Building First floor, East Wing) 1700 Strand Galveston, TX 77550 Online | Social www.GEDP.org
Copyright: © 2022 GEDP Galveston Development Guide is published by the Galveston Economic Development Partnership (GEDP.) No part of this publication may be used or reproduced in whole or part by any means without written permission of the GEDP.
Cover Photo by Debbie Kirby©2022 “Medical Arts”building begins reconstruction
The Galveston Economic Development Partnership (GEDP) makes every effort to ensure information contained within is accurate and provided solely for educational and informational purposes. This information should not be relied upon for any reason without first independently verifying the data. The GEDP is not liable for any erroneous information, inaccuracies, or typographical errors contained in this publication. (2022 GEDP)
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ECONOMIC CLIMATE
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alveston, Texas offers an abundance of resources that culminate into a community rich in history, diversified with significant public and private sector assets and an open portal for sustainable growth and development opportunities. The Galveston economy is anchored by Maritime, Tourism, and Education–Healthcare industries that drive Galveston’s economic engine.
STRONG ECONOMIC CLIMATE FOR BUSINESS Supporting these anchors is a robust finance and insurance sector, growing retail and commercial centers and a housing market experiencing redevelopment at an exponential pace. These assets coupled with a City significantly investing in infrastructure, transportation, parks and neighborhoods create a unique location for business development, an exceptional quality of life and ultimately the perfect location to live, work and invest for the future.
TAX RATES
2021
2020
CITY OF GALVESTON
.498500
.579890
GALVESTON ISD
.963200 1.026400
GALVESTON COLLEGE
.146188
.159188
NAVIGATION DISTRICT
.033835
.044389
GALVESTON COUNTY
.414940
.504400
COUNTY ROAD & FLOOD .009560
.008880
TOTALS
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2.066223 2.322747
GALVESTON’S TOP TEN EMPLOYERS
ECONOMIC CLIMATE
OVERVIEW OF GALVESTON BY THE NUMBERS Galveston is a unique and diverse city in which to live and operate a business. To understand the numbers you must understand the population, visitors, commuters, students and businesses. There you will find an advantage for business development and site selection in Galveston. Galveston is much more dynamic than the simple data you might find when researching this city. The base population of residents is just over 50,000. Daily, however, Galveston operates as a city of between 75,000 - 100,000 due to the five distinct population sectors that combine on a recurring basis.
Employment Center Approximately 40,000 jobs on the island ESRI
Median Household Income
52,280
$51,186 Daytime Population
Number of Businesses in Galveston
30.3%
75,000
Bachelor’s Degree
Median Age
30.3%
39.8
Associate’s Degree
Gender M 51% F 49%
2,564 Visitor Destination Approximately 6.5 Million tourist per year visit Galveston Island
Graduate Degree or Professional Degree
Galveston Population
12.2% Source: US Census Bureau 2021
Cost of Living index
Commuter Workforce 60% - 70% of the island workers live off-island Vacation/Second Home Hub Estimated over 70% of homes on west-end of Galveston are second homes
The Cost of Living index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living 5.3% lower in Source: Jobs EQ® 2022 Galveston-than the US Average.
INDUSTRY OVERVIEW Over the next year, employment in Galveston is expected to expand by 629 jobs. The strongest forecast for jobs is expected for Accommodations and Food Services (+183 jobs),, Educational Services (+134), and Health Care and Social Assistance (+71). Accommodation/ Food Services Educational Services
Manufacturing
17.1% 1.3%
28.6%
College Town Approximately 10,000 college students on the island
Health Care and Social Assistance Retail Trade
Arts, Entertainment, and Recreation
7.9%
3.2%
6.9%
3.0%
Construction
3.1%
EMPLOYMENT BY TYPE Private Self-employment Local Government State Government Federal Government Other
21,906 2,135 3,307 9,719 1,071
7.0%
57.1% 56.0% 8.6% 25.3% 2.8% 0.6% Source: JobsEQ
Transportation and Warehousing Finance and Insurance
4.1% 4.8%
Professional, Scientific, and Technical Services Public Administration Source: Jobs EQ®through 2021 Q3
• Approximately 94% of Galveston businesses have fewer than 50 employees.
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ECONOMIC CLIMATE Galveston’s geographic location is strategically, competitively and logistically positioned for future growth, diversification and development. Aside from core assets that make Galveston a unique market place that is currently experiencing significant growth and investment from both the public and private sectors, Galveston’s prominent location is enhanced with our proximity to the 4th largest city in the country (Houston), the strength of Galveston County and the I-45 state highway corridor that runs from Galveston into the urban center of Houston, and assets that range from space exploration to petrochemical complexes; marine, maritime and environmental to biotechnology and life sciences expertise’s. Positioned for growth, Galveston Island is an exceptional location for living, working, and investing for the future.
Sectors Presenting Opportunities for Rapid Growth: EMERGING TECHNOLOGY
MULTI-MODAL TRANSPORTATION
World Class Research
Connecting to the World
Home of the Galveston National Lab at the University of Texas Medical Branch the country), Home to a national Marin 2 only of (1 itime Training Academy – Texas A&M University at Galveston (1 of only 6 in the country); Home to Galveston College (voted #1 Community College in Texas); Incubator space (public and private) in development; Emerging Tech ecosystem that continues developing with numerous initiatives and collaborations.
HOUSING Infill Redevelopment Exponential growth of vacation rental properties; concentrated efforts focused on infill redevelopment; opportunities for work-force housing; un-paralleled location for second home destinations; commercial-retail site development connectivity.
INDUSTRIAL Location. Location. Location. 4th most popular Cruise Terminal in the U.S.; undeveloped land availability adjacent to deep water; continued expansion and diversification of existing industry; location.
Houston-Galveston Ship Channel; Galveston Ship Channel; 2 Class 1 Rail Lines; Scholes International Airport; I-45 Improvements; connectivity within the Houston region and to the world.
WORKFORCE DEVELOPMENT Training for jobs Workforce supplies are challenged across the country; Unique and creative solutions are being explored; Galveston’s proximity to the 4th largest City in the country, utilization of job training programs with Galveston College and the Texas Workforce Commission; and as a college town with an abundance of students provides opportunity of new strategies and the leveraging of existing assets.
SPORTS TOURISM Hitting a home run One of Galveston’s strongest emerging sectors; abundance of natural resources; existing destination tourism sector that supports events, tournaments and exhibitions; inventory of available facilities; and more…
................................................... RESILIENCY DURING DISASTER - HAVE A PLAN
Every business should have a plan should disaster occur. With hurricane season upon us, now is the time to prepare. The Business Recovery Guide contains information focused on helping you prepare, recover and get back to business.
Business Recovery Guide link 8 | 2022 GEDP Galveston Development Guide
Introducing the Verity - Economic Impact Portal, a new business continuity tool for Galveston. Contact the GEDP to learn more about the real-time tracking of impacts during natural disasters.
Click for more information
ECONOMIC CLIMATE CITY OF GALVESTON TOP TAXPAYERS COMMERCIAL REAL / PERSONAL PROPERTY Taxpayer Name
Fertitta Hospitality, Inc Seawall Hospitality, LLC American National Ins Co HAF Hospitality Tremont Realty, LLC Galveston Island Water Park, LP
Taxable Value
$41,500,000 $37,242,880 $24,021,760 $19,330,274 $17,946,740
INDUSTRIAL REAL/ PERSONAL PROPERTY Taxpayer Name
Texas International Terminals Galveston Terminals, Inc Interchem USA, Inc Gulf Copper Drydock & Rig Repair G & H Towing Company
Taxable Value
$64,580,290 $14,322,360 $13,493,600 $ 8,450,000 $ 8,150,905
RESIDENTIAL INVENTORY / VACANT LOT / IMPROVEMENT Taxpayer Name
Taxable Value
Beachtown Galveston Village One,LTD $ 3,706,260 $ 2,696,080 Evia Partners, LTD $ 1,287,220 Chiron RCAF, LLC $ 784,630 Listowski Hatmaker LP $ 721,850 San Luis Development Corp GALVESTON CITY COMPILATION OF ALL TAXPAYERs Taxpayer Name
Texas international Terminals Centerpoint Energy Houston Fertitta Hospitality, Inc Seawall Hospitality, LLC 2014 Galveston Jones Drive, LLC
Photo by Robert Mihovil© 2018
City of Galveston Comprehensive Annual Financial Report ACFR2021 (galvestontx.org) Galveston Island Park Board Master Plans Maps & Plans | Galveston Park Board, TX Galveston Independent School District Galveston ISD Strategic Plan 2017 ‐2022 GISD Strategic Plan / GISD Strategic Plan University of Texas Medical Branch The UTMB Strategic Plan – Institutional Vision 2021 - 2025 https://www.utmb.edu/strategic-plan Texas A&M University at Galveston 2016 – 2020 Strategic Plan strat_plan_1pager-s.pdf (tamug.edu)
Taxable Value
$64,580,290 $54,597,520 $43,636,422 $37,242,990 $30,000,000
Galveston is an ideal location for strategic business development. The island’s diversity, resiliency and economic indicators all point toward a strong economic outlook. Future growth is based on dynamic Strategic Plans.
Galveston College 2017 – 2022 Strategic Plan NEW-HORIZONS.pdf (gc.edu) Port of Galveston Strategic Master Plan Port-of-Galveston-Strategic-Master-Plan-FINAL-Report-121219 Galveston Economic Development Partnership and the City of Galveston Economic Development Plan .............................................
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ECONOMIC CLIMATE
CITY OF GALVESTON 2021 Permit totals
Detailed Breakdown:
TRADE PERMITS Electrical Permits Electrical Retrofit
340 1,218 1,558
Mechanical Permits 273 Mechanical Retrofit 540 813
Source: City of Galveston
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Plumbing Permits Plumbing Retrofit
340 1,141
Total Trade Permits
1,481 3,852 3,852
TOURISM
T
he past year’s challenges and uncertainty has fostered a renewed commitment from the Galveston Park Board of Trustees to build another record year. Opportunities for tourism and hospitality is strong and out-performing other markets across the Gulf Coast and beyond. Hotel occupancy tax grew significantly from 2020-2021. With the opening of the cruise industry we expect to see higher revenue.
PARK BOARD AND CVB LEADING THE WAY The Galveston Park Board of Trustees and Galveston Island Convention and Visitors Bureau have greatly assisted in the response and proactive marketing to lead Galveston’s tourism industry through recovery and into the future. With an operational budget of more than $18 million with 13 unique funds, including tourism development, beach cleaning, beach patrol, debt service, grants, beach nourishment, sand eplenishment, and general administration.
SPRING BREAK 2017 - 2021 Occupancy, Average Daily Rate and Revenue YEAR
OCCUPANCY
ADR
REVENUE
2021
72.6%
$167.9
$9,174,464
2020
50.8%
$115.1
$4,501,370
2019
75.9%
$141.9
$7,562,182
2018
74.7%
$151.6
$8,009,337
2017
76.9
$147.2
$8,028,574
Sourced from Smith Travel Resource for Only Hotels
2021 Economic Impact Study for Tourism > 5.4 million visitors in 2021 > $913 million in direct spend (highest on record) > Lodging and accommodations represent the greatest gains in spend, a well as the highest portion of spend. > Employment is down only 1.1% from 2019 and wages are up 6.2% over the same period. Photo courtesy Galveston Park Board
TEXAS HOTELS - SUMMER 2021 Average Daily Rate GALVESTON $194.20 SOUTH PADRE CORPUS CHRISTI SAN ANTONIO HOUSTON GRAPEVINE
$171.52 $ 120.45 $ 121.43 $ 96.02 $186.17
Source: Smith Travel Resource for Only Hotels
Source: Park Board of Trustees
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TOURISM
RECOVERY AND ECONOMIC IMPACT RECREATION $161M RETAIL $152M
$913M $913M
FOOD & DRINK $215M
TOTAL VISITOR VISITOR SPENDING SPENDING
LODGING $310M TRANSPORT $68M
The rise in traveler volume and consumer prices paticularly for gas and lodging - boosted direct travel spending to record levels of $913 million in 2021. Hotel revenues by end of 2021 were highest on record while leisure and hospitality employment in Galveston County was only 1% below the pre-pandemic level. Cruise spending was weak due to reduced cruise activity. The short term rental market added to the recovery - vacation rental tax collections were up 95.6% versus 2019.
CRUISE $6.6M (at Port)
Source: Park Board of Trustees
Economic impact Direct visitor spending on Galveston Island rebounded strongly in 2021 to reach $913M—exceeding 2019 levels of $883M. The robust growth in visitations versus 2020 – led by record overnight stays– complemented rising consumer prices and room rates to lift visitor spending 35.3% year-over-year. Of the record $913 M spent by visitors on Galveston Island, $627M was attributed to overnight visits, $193M to day trips, $24M to embarked cruise passengers and $69M from port revenues and second homes.
HOT Collections for six consecutive months With the trend –started during COVID– to work and learn remotely, the short-term rentals became more popular and resulted in boosting the Hotel Occupancy Tax (HOT) the Park Board collected. From March to August of 2021, each month was the highest of that month in the history of the Park Board for HOT collections.
Source: Park Board of Trustees
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TOURISM
Visitation and tourism Trips to Galveston by Day of Week Sunday
18.0% 9.8%
Monday Tuesday Wednesday
7.7% 8.5% 11.5%
Thursday
19.6%
Friday
24.8%
Saturday
Source: Geolocation data
OPPORTUNITIES IN PARTNERSHIP Tourism is critical to Galveston Island’s economy and its future growth. The island is renowned for not only its 32 miles of beaches, but also its vibrant culture and rich heritage that attract visitors from Texas and beyond. Galveston benefits from its close proximity to Houston, which represents 51% of the island’s visitation. In addition, the Port of Galveston is the fourth most popular homeport in the U.S. and the only cruise port in Texas.
The Park Board manages R.A. Apffel Beach Park (East Beach), Stewart Beach, Dellanera RV Park, Seawolf Park, East End Lagoon Nature Preserve and the Seawall Urban Park. The citizen-led Parks and Amenities Committee works with staff to develop and enhance these assets. The parks receive no property or sales tax and are funded through user-generated fees. This year the Park Board contributed $447,046.30 of park revenues to Galveston’s general fund.
(Source: Arrivalist Visitation Dashboard)
According to the 2022 Impact Tourism Report by Kind Traveler, 96% of travelers shared that it is important their “tourism dollars make a positive impact on the communities they visit and the environment.” Visitors are ever more likely to seek out small businesses and hotel brands that feature sustainability and philanthropic initiatives.
Major investments were made in each of the parks as the spring and summer seasons brought the return of major events and programming. The Park Board continued its support of the concessionaire program which grew with the addition of four new partners, continuing to provide small business opportunities on the beach.
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EDUCATION & HEALTHCARE
G
alveston’s educational and healthcare sectors anchor the foundation of the Island’s economic base. The University of Texas Medical Branch, Texas A&M University at Galveston and Galveston College offer acclaimed programs and degrees. The Galveston Independent School District and a number of private schools provide the framework in the development of innovative training opportunities amongst a diverse array of educational pathways. Combined, these programs and institutions deliver exceptional training opportunities and workforce development resources
GALVESTON INDEPENDENT SCHOOL DISTRICT
GALVESTON COLLEGE
Galveston ISD enrolls 6,708 students across 13 campuses and accepts students from the cities of Galveston and Jamaica Beach. Galveston ISD also serves unincorporated areas of Galveston County, including the communities of Port Bolivar and Crystal Beach on the Bolivar Peninsula. The school district is fully accredited by the Texas Education Agency. Programs such as Gifted and Talented, Special Education, Vocational and Bilingual/ESL are part of GISD.
Galveston College (GC) is a fully accredited community college, accredited by the Southern Association of Colleges and Schools Commission on Colleges to award the Associate and Bachelor degrees. With over 50 years of Academic Excellence.
STUDENT TO TEACHER RATIO 15:1
GISD currently has two high school programs, five middle school programs, six elementary schools, two Schools of Choice and 4 Private Schools. There are 1,251 GISD employees.
Ball High School offers opportunities for graduates to be work force, military and college ready. In collaboration with Galveston College, dual credit courses are available for additional college hours. GISD is a tech hub for emerging opportunities as well.
Providing academic, workforce education, continuing education, and developmental programs, GC offers innovative teaching methods, taking full advantage of current technologies. It has proven to be a progressive, dynamic institution of higher education known for its partnerships with businesses and organizations and its commitment to provide a quality learning environment that is student-focused. Enrollment per semester in credited programs is approximately 2,300 students of diverse population. Additionally, 1,415 individuals take advantage of the Continuing Education programs. Galveston College collaborates with local businesses and organizations and with Ball High School for dual credit classes.
GISD Bond Package Receives Approval GISD recently received approval on a $315 Million bond package that will allow for new academic and athletic facilities. Included in the bond package are funds for a new Ball High School, Kermit Courville Stadium, a new aquatic center, and a middle school realignment. There is also a plan to renovate three buildings to accommodate the new campus system and a technology upgrade. New busses were also in the bond and It is important to note that 100% of the money raised From the bond will stay in Galveston ISD.
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Programs have consistently gained local, state, and national acclaim in areas that include health occupations programs, workforce development initiatives, NJCAA athletics, Innovative Fundraising, Culinary Arts, and Special Student Services. Financial aid/grant were awarded to 73% of incoming Freshmen. The average on campus class size is 14.1.
On the Horizon The new Galveston College Health Sciences Building will be a 3-story state of the art facility containing collaborative classroom and simulation lab environments to support nursing and health sciences technical education on the Galveston College campus.
EDUCATION & HEALTHCARE TEXAS A&M UNIVERSITY AT GALVESTON Located on Pelican Island at the Port of Galveston and close to the ship channel, Texas A&M University at Galveston (TAMUG) is uniquely situated for its marine and maritime academic programs. As an ocean-oriented branch campus of Texas A&M University System the campus is accredited to award baccalaureate, master's, and doctoral degrees. Known affectionately as 'Sea Aggies', opportunities for marine studies are vast. The Maritime Academy is one of only six in the US and the only academy integrated into a Tier1 academic institution which trains over 300 cadets annually for maritime service and employment around the world. Programs are offered in Biology, Fisheries, Sciences, Business Administration, Ocean Engineering among others.
The Texas’ delegation in Congress successfully included $389 million in an appropriations bill for a new ship with state-of-the-art training and disasterresponse capabilities. The ship yet-to-be-built, known as a National Security Multi-Mission Vessel, would be able to train up to 600 cadets at sea and serve double duty as the only hurricane relief vessel in the Gulf of Mexico.
Enrollment at TAMUG is over 2,500 students: » » » »
87% Employed within 9 months of graduation $78,033 Mean Starting Officer Salary in US Merchant Marine 83% Satisfied with career preparation 80% Graduate in 6 years
UNIVERSITY OF TEXAS MEDICAL BRANCH For more than 125 years, UTMB has been educating generations of health care professionals, making world-changing discoveries through ground-breaking research and providing compassionate, state-of-the-art lifesaving health care to a rapidly growing patient population. In addition to the healthcare education, UTMB has the only Level1 Trauma center south of Houston. UTMB is also home to one of only 2 national labs for biodefense. The Galveston Center for Technology and Workforce Development at the UTMB Customs House is positioned to grow technology based start-up-companies. UTMB DATA REFERENCE INFORMATION 2020 2021 All Facilities (in Gross Square Feet) 10,412,032 10,241,059 Research Indicators Total Sponsored Research Expenditures $130M $140M NIH Dollars Awarded w/Contracts $125M $148M NIH Grants Awarded for the Year $217M $226M Health System Indicators Bed Count 959 998 Telemedicine Encounters 252,418 152,460 Emergency Department Visits 102,945 115,125 Deliveries 6,479 6,183 Development: Total Endowments $621.2M $7947M Personnel Total 13,813 13,681 2,851,924 Revenue - All components (in thousands) 2,476,225 Student / Faculty Information (enrollment fall 2020 / 2021) Undergraduate 708 951 New Undergraduate 237 473 Graduate and Professional 2,750 2,989 Graduate and Professional New 769 977 Faculty 970 964 2020 2021 Technology Transfer Total Sponsored Research Expenditures $130M $140M Licenses Options to UTMB Technologies 12 11 Number of Invention Disclosures 55 56 US Patents Issued 14 7 Number of Business Start-Up Participations 2 1
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2022 GEDP Galveston Development Guide | 15
M More Mor o than tth tha a M Medical Med Medica Medic Medi e Sc Sch Scho Schoo School School. S Health Education Established in 1891 as the University of Texas Medical Department, UTMB Health now offers a variety of educational programs through the School of Medicine, School of Nursing, School of Health Professions and Graduate School of Biomedical Sciences and services over 3,000 students with more than 900 faculty members.
Health Science Research UTMB Health performs life-saving research everyday through numerous federal and private grants to advance discoveries and treatments for human health. Our cutting-edge discoveries transform the lives of our patients from illness to health.
Emerging Technologies The University of Texas Medical Branch (UTMB) established Medical Branch Innovations to commercialize cutting edge health care innovations developed by world renowned scientists, clinicians, and engineers. These health care innovations are born out of real world gaps in the health care continuum and validated within the walls of a world class health sciences center at UTMB.
| Defining the Future of Health Care for Texas and Beyond
Inpatient and Outpatient Healthcare UTMB Health offers a full range of primary and specialty health care services throughout Southeast Texas. With over 90 primary and specialty care clinics and four regional hospital campuses, UTMB Health provides the largest and most comprehensive network of health care in the region.
Community Engagement UTMB Health works directly with the public to build relationships and improve the health of the communities we serve. Engaging with the community to educate and advocate for good health can have significant impact on the well-being of populations and individuals.
d through Education, Research, Clinical Care and more. |
MARITIME
G
alveston is home to the first port in Texas and the 4th busiest cruise homeport in North America. Maritime remains a strong engine for growth for the city, county and state, significantly contributing to jobs, tax revenues and the economy. The Galveston Wharves has earned Green Marine certification, making it only the second port in Texas to become accredited in this voluntary environmental program for the North American marine industry.
Architectural rendering as shown for the new Royal Caribbean Cruise Terminal servicing passengers from Galveston.
Work continues at the 3rd Cruise Port Terminal located at 14th Street and Harborside Drive. The Royal Caribbean Terminal is set to open in 4th quarter this year.
Galveston is now home to a third cruise terminal, Royal Caribbean to open in 2022
.............................................................................. .... The Port of Galveston is a city-owned, self-sustaining entity with no taxing authority and receives no city property taxes. It has remained in a positive cash position despite Covid impacts on our cruise and cargo businesses. Receiving no property tax revenues, the port relies on business revenues and grants to pay for operations, maintenance and capital improvements.
opportunities for Development » 12+ construction projects to advance the master plan » Earned certification by Green Marine, a voluntary environmental program for North American marine industry » Pelican Island - develop for cargo, industry » 850 total acres with over 307 developable acres » Federal funding for dredging Channel to authorize depths » Deepen the Western end of channel for private terminals
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To position the port for long-term success: West - Expanded cargo area, move cargo business from East Port area Mid - Cruise parking garages, remodeled Cruise terminal 1, Pier 19-22 commercial village East - Cruise terminals, commercial/marina village, mass transit
MARITIME
Port overveiw and benefits In 2021, the port was awarded $21.8 million in federal, state and private grants. Grants typically fund 60-90 percent of a project’s cost with the balance coming from the port. These grants are helping to fund a range of projects, from the new Pelican Island bridge and interior port roadway improvements to safety, security and environmental projects. Federal funding awarded for major dredging work in the Galveston Ship Channel will help move more cargo and boost the economy. The port and other businesses on the ship channel will see immediate benefits of dredging work to take the channel to fully authorized depths for the first time in years. The Corps allocated $11 million to deepen the western end of the channel, allowing deeper-draft vessels to call on privately operated terminals. Funding also includes $25 million for maintenance, the largest amount of federal maintenance funding ever allocated for the Galveston Ship Channel. In addition to federally funded maintenance, the Galveston Wharves spends more than $1 million annually to maintain depths along is berths.
.............................................................................. ......
PORT
CARGO
CRUISE
1,400 ft wide and 45 ft deep channel
at a glance Year to Date as of 1/31/22
Year to Date passengers and parking as of 1/31/22
Major Texas Seaport
Bulk Grains
-93.7%
Growing port business benefits Galveston with jobs and tax revenue
Fertilizer
0%
Liquid bulk
-34.2% (includes PISTI)
45 minutes from open seas
Bananas / Fruit
0.5%
Recent ship channel improvements
RO-RO cargo
160.1%
Lay Dockage + 22% | 461 vessels in ‘20
New car tons
18.6%
Lay Dockage revenue +11% | 5.1M
Wind and general cargo -89.7%
Carnival Vista Carnival Breeze Carnival Dream Disney Wonder RCI Line: Liberty of the Sea Adventure/ Seas TOTAL PASSENGERS 187,624 Parking 11,445
-42.4% 71.6% -51.6% -55.6% -47.3% -47.5% -35.8% -35.8%
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GREEN MARINE CERTIFIED The Galveston Wharves has earned Green Marine certification, making it only the second port in Texas to become accredited in this voluntary environmental program for the North American marine industry, The voluntary, transparent and inclusive initiative addresses key environmental issues through a set of performance indicators, including waste reduction, leak and spill prevention, and community relations. Participants are shipowners, ports, terminals, Seaway corporations and shipyards.
ECONOMIC DEVELOPMENT OPPORTUNITIES The Port's efforts to enhance economic development activities are not limited to maritime and transportation operations. Many types of industries play important roles in economic development efforts including: • Development of facilities related to offshore and energy industries • Maintenance and repair • Manufacturing and fabrication • Real estate and industrial development • Warehousing and distribution
2022 GEDP Galveston Development Guide | 19
THE PORT OF EVERYTHING Cruise + Cargo + Commercial The deep-water Port of Galveston on the Gulf of Mexico is the 4th most popular cruise homeport in the U.S. and a top-50 U.S. cargo port. Our waterfront restaurants, historical museums and hotels give visitors a front-row seat to it all. That’s why we’re the Port of Everything.
OUR COMPETITIVE ADVANTAGES • 45 minutes from open seas • 10 minutes to major interstate highway • 2 Class 1 rails and 1 short line • Strong Texas economy and large, diverse workforce • Customer-focused port staff and skilled labor • Foreign Trade Zone #36 on Galveston and Pelican islands
portofgalv eston.co m
portofgalveston.com
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EMERGING TECH
uilding upon Galveston’s history of innovation and entrepreneurship, the Galveston Center for Technology and Workforce Development at the UTMB Customs House is a launching pad for technology based start-up companies. UTMB has partnered with the GEDP in the redevelopment of the Customs House Incubator. This collaborative is designed to leverage resources, enhance the local and regional economies, create new jobs and ultimately drive the emerging technology ecosystem for Galveston and Galveston County.
Photo courtesy UTMB
Pictured above is the pilot wet-lab that is set to open in October on the 3rd floor of the Customs House. These renovations are being completed with the assistance of an EDA grant and scheduled for completion in Q4 of 2022.
RESOURCE PARTNERS Medical Branch Innovations (MBI)
The Office of Technology Transfer
MBI is a subsidiary of UTMB established to commercialize cutting edge health care innovations developed by world renowned scientists, clinicians, and engineers.
The office of Technology Transfer manages UTMB intellectual property assets while promoting and encouraging scientific research.
Customs House Incubator In collaboration with the GEDP, UTMB will utilize this space for emerging tech start-ups. This center will offer programs and services for start-up emerging tech companies.
#-"$,450/& -"6/$)1"% AND TECHSTARS
MEDICAL BRANCH INNOVATION
INNOVATION HUB AND */$6#"503 t (&%1 "/% 65.#
UTMB CTSA
OFFICE OF TECHNOLOGY TRANSFER
UTMB INNOVATION AND ENTREPRENEURSHIP ECOSYSTEM
2022 GEDP Galveston Development Guide | 21
World-Renowned, Specialty Pediatric Healthcare
ShrinersTexas.org 815 Market Street • Galveston, Texas • 77550
TRUSTED LEADERS IN Burns / Orthopedic Conditions / Cleft Lip & Palate For an appointment, please call: 409-770-6687
E
RESIDENTIAL clectic and diverse housing options dot Galveston from historic homes to waterfront living, downtown lofts to family dwellings. With investment in Galveston ongoing and development strong, the current housing market is growing as well.
Based on the comparison of Year End 2020 vs Year End 2021, residential real estate value and transactions have increased. Across the Island the dollar volume of sales increased 31%, following the number of transactions which also increased by 8%. The highest percentage of transactions occurred on the West End of Galveston, while other high activity
levels were reached within many different neighborhoods throughout the island. The median selling price DECREASED -20%, from $330,000 in 2020 to $395,000 in 2021; the average number of days a property was on the market decreased 49% from 65 days to 33 days. .
GALVESTON ISLAND RESIDENTIAL MARKET RECAP 2021 vs 2020 GALVESTON ISLAND
DOLLAR VOLUME 2021
2020
# OF SOLD TRANSACTIONS % CHANGE
2021
2020
% CHANGE
All Galveston Island
$635,620,274
$485,566,101
+31%
1295
1195
+8%
West Galveston Island: Sunny Beach to Point West, Beach to Bay
$389,943,479
$300,961,675
+30%
590
587
+1%
$41,868,461
$40,058,782
+5%
112
107
+5%
$1,567,300 $7,361,500 $2,659,900 $4,966,000 $108,937,859
$2,740,500 $6,696,500 $1,366,000 $8,040,870 $74,239,232
- 43% +10% +95% -38% +47%
4 16 7 9 370
7 14 5 16 306
- 43% +14% +40% -44% +21%
$474,000 $2,762,000 $94,638,475
$2,625,900 $3,595,000 $69,436,772
-82% -23% +36%
1 5 222
5 9 191
- 80% -44% +16%
$66,605,206
$56,288,900
+18%
180
156
+ 15%
Near West Galveston Island 61st Street to Sunny Beach, Beach to Bay Colony Park Havre Lafitte Campeche Cove Evia Mid Galveston Island: 25th Street to 61st Street, Beach to Bay Cedar Lawn Denver Court East Galveston Island: East of 25th Street, Beach to Bay UTMB/Downtown/East End Lofts & Condos Only
ALL RESIDENTIAL SALES ON GALVESTON ISLAND - YEAR OVER YEAR MARKET RECAP 2021 VS. 2020 Average Days on Market 2021: 33 2020: 65 % Change: -49% Median Selling Price 2021: $395,000 2020: $330,000 % Change: +20% WEST END RESIDENTIAL SALES ON GALVESTON ISLAND - YEAR OVER YEAR MARKET RECAP 2021 VS. 2020 Average Days on Market 2021: 30 2020: 69 % Change: -57% Median Selling Price 2021: $557,125 2020: $425,000 % Change: +31% Source: Houston Association of Realtors Multiple Listing Service, January 1–December 31, 2020 & 2021. Data deemed reliable, but not guaranteed by MLS or Broker.
Data provided by Sand ’N Sea Properties
2022 GEDP Galveston Development Guide | 23
PROJECTS
Galveston Yacht Basin Apartments - A new vertical development is putting some life into the Yacht Basin are near UTMB.
T
ransformation in development and new construction projects are seen across Galveston, from retail to industrial. Galveston projects are on the rise.
Galveston Brewery - 4,400 SF with a climate controlled seating area and the largest refrigerator on the island.More plans are in the chute.
Galveston Bagel Company - This successful food truck business is growing with the addition of a permanent location at 1110 23rd Street. It will soon breathe new life into the former Koop's BBQ building.
RV Park - A new RV park, with approximately 159 RV spaces is being constructed between the Seawall and Stewart Road, next to the Sandhill Crane Soccer Complex.
24 | 2022 GEDP Galveston Development Guide
Coastal Community Church - Renovations to the Buick Building at 23rd and M have been completed. The new buildout is a modern two-story industrial design church.
Cotton Exchange Building - This eyesore building is getting much needed repairs to its facade, plus interior renovations and conversion of the commercial space into multi family units.
Hotel Lucine - Located at 10th and Seawall. The transformation of this 1963 hotel is underway, with a 61 room boutique hotel, rooftop bar and fine dining planned.
The Oleander Hotel - 520 20th Street opened as a 10 room “chic-boutique” hotel with a guest parking lot adjacent to the hotel.
Stewart Beach - The Galveston Island Park Board is nearing completion of a major drainage project for the parking area at Stewart Beach.
D
PROJECTS
evelopment is strong as Galveston continues to invest in business. These pages showcase a small sample of the many projects that are currently underway.
Marina Bar & Grill at the Yacht Basin Addition of outdoor patio. Updates to the bar and grill have been completed.
Firehouse - Originally the 1903 Star State Company #3, acquired by Galveston Historical Foundation, and refurbished.
La Peska - New bar and restaurant is now open and serving seafood and drinks.
Wan Bridge - New homes are being erected on the West end in this gated neighborhood.
Residence Inn by Marriott - Construction continues to progress on the 120 oom hotel set to open in February 2023.
East End Housing - Homes continue to be built in Beachtown and Garnd Beach on the East End.
Koops BBQ Kitchen - Recently moved to a renovated historic building in a more central location, 45th and Broadway.
Home 2 Suites/Tru by Hilton - Opening in November, construction seems to be wrapping up on this 200 room dual branded thotel on the Seawall.
HomeTown Bank Corner of 45th and Seawall, work is progressing on the new bank site.
2022 GEDP Galveston Development Guide | 25
GEDP Growing for the future
26 | 2022 GEDP Galveston Development Guide
Meet our members - ATTORNEYS Mills Shirley L.L.P. Rider & Wilson Stephen G. Schulz, P.C. Winstead PC
Sullivan Land & Cattle Company Wan Bridge Group
- EDUCATION/HEALTHCARE Galveston College Galveston Independent School District
- BUSINESS DEVELOPMENT Bay Area Houston Economic Partnership CenterPoint Energy-Economic Development Division City of Galveston Galveston County Galveston Economic Development Partnership (GEDP) Galveston Regional Chamber of Commerce
Institute for a Disaster Resilient Texas (IDRT), TAMUG Shriners Children's Texas Texas A&M University at Galveston University of Texas Medical Branch
- EMERGING TECH -
Beachtown Galveston Corporation Farmers Alloy Fabricating Great Scott Enterprises
LUX Custom Homes McCoy's Building Supply Mitchell Historic Properties Parr 2 LLC Sherwin- Williams Co. Sullivan Interests
Galveston Island Park Board of Trustees Port of Galveston
- HOSPITALITY/TOURISM Gaido's Seafood/ Nick's Kitchen and Beach Bar Galveston Hotel & Lodging Association Galveston Restaurant Group
Chrysalis BioTherapeutics, Inc.
Moody Gardens Hotel, Spa & Convention Center
MarMo Plaza
Texas Coast Hotels The Grand 1894 Opera House
VERITY IMS
The Tremont House
- EMPLOYMENT SERVICES Express Employment Professionals
- FINANCIAL -
ITEX Group
Kahala Development, LLC
Galveston Co.Navigation District No. 1
Island Famous
Immaculate Painting & Construction, LLC
JE Dunn Construction
- GOVERNMENT -
BioHouston
The Cannon
- DEVELOPMENT/CONSTRUCTION -
Texas First Bank
6 Degrees Wealth Cimarron Capital Partners
- INSURANCE American National Insurance Co. Galveston Insurance Associates Rochkind Insurance
- MARITIME/INDUSTRIAL -
Edward Jones Gulf Copper Drydock & Rig Repair Frost Bank Industrial Material Corporation Ham, Langston & Brezina LLP J.W. Kelso Company, Inc. HomeTown Bank of Galveston Martin Midstream Partners, L.P. Kempner Capital Management Teichman Group Moody National Bank Prosperity Bank
Titan Technologies
2022 GEDP Galveston Development Guide | 27
- MARKETING/ADVERTISING Five & Two Marketing
DLJ studios, Inc.
Stewart Title
Mihovil Photography
Tom's Galveston Real Estate
- PROFESSIONAL SERVICES -
Kirby Advertising M. J. Naschke Public Relations
- MEDIA/PRINTING Minuteman Press The Galveston County Daily News
- NON-PROFIT Galveston Historical Foundation Sealy & Smith Foundation Sea Star Base Galveston
Coastal Solutions, Inc
- RETAIL/COMMERCIAL Bassett Family Interests
Faust Haus
- TRANSPORTATION -
First Onsite GB Tech
Classic Auto Group Galveston
Ham, Langston & Brezina LLP
Scholes International Airport at Galveston
Tolunay-Wong Engineers, Inc Zero Six Consulting
- REAL ESTATE -
- UTILITIES CenterPoint Energy Texas Gas Service
Better Homes and Gardens Real Estate Gary Greene. Formerly The House Company
Vision Galveston
- PHOTOGRAPHY Creative Photography
Galveston Association of Realtors Joe Tramonte Realty, Inc. Sand 'n Sea Properties, LLC
For information on membership to the gedp :
www.GEDP.org
GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP | GEDP.ORG | 409-770-0216 28 | 2022 GEDP Galveston Development Guide
T E X A S ’ O L D E S T N E W S PA P E R
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