January 2015 The Economic Importance of Texas’ Coastal Counties: An Analysis of the Dependence of Texas and its Regions on Business Operations in the Tier 1 Windstorm Insurance Coverage Area THE PERRYMAN GROUP 510 N. Valley Mills Dr., Suite 300 Waco, TX 76710 ph. 254.751.9595, fax 254.751.7855
[email protected] www.perrymangroup.com The Economic Importance of Texas’ Coastal Counties: An Analysis of the Dependence of Texas and its Regions on Business Operations in the Tier 1 Windstorm Insurance Coverage Area Contents Introduction .......................................................................................................... 1 Study Overview and Summary of Methods Used ............................................................................. 1 Highlights of Study Findings ................................................................................................................. 2 Importance of the Tier 1 Area to the State Economy ..................................... 4 Economic Forecast for the Tier 1 Area ............................................................................................... 6 Regional Economic Dependency on the Tier 1 Area ...................................... 7 Employment ............................................................................................................................................ 8 Gross Product ......................................................................................................................................... 9 Personal Income ..................................................................................................................................