The Diverse Economy Of Corpus Christi

Without a doubt, one of the biggest appeals Corpus Christi boasts is its strong economy. This is particularly important today; with the entire world currently experiencing a recession and contingent lack of jobs, the unemployment rate in Corpus Christi continues to hold under the 5% number, well below the continental average. It's a bit of a haven for businesses from all over during hard times.

What reasons do so many have for turning in their California business cards for Texas ones based out of Corpus Christi? Well, like all other financial strongholds, the answer lies in the population and the location of Corpus Christi, which have allowed it to build a diverse economy over a long period of time. Let's take a look at what we mean.

The city is the 8th largest in Texas, which might not sound too impressive until you consider just how large the population of the state actually is; with 300,000 residents, Corpus Christi would be in the top two in most other states!

That population has been attracted to the city for a number of different reasons on the economic front. The first is, of course, the wealth brought by the oil companies which operate out of the area. The port at Corpus Christi is in the top 50 busiest in the world, largely due to oil shipments. The oil industry allows various supplying industries to exist, thus you will find factories producing everything from fabricated strainers to offshore rigs within the city.

You can't talk about the economy of Corpus Christi without mentioning the United States military presence in the area. There is both an army and navy base in the city, and that means a lot of extra population all supported by government dollars. The presence of these bases make up the stuff of dreams for any commercial mortgage broker; military presence mean big business, and that means lots of need for business real estate!

In addition, the two bases supply over 6000 civilian jobs to local citizens. Combined with the need for local industry, such as manufactured copper lugs and other building equipment, this means the forces presence guarantees a huge infusion of money into the local economy every single year.

The tourism sector is another major component of the Corpus Christi economy. Every year, thousands of people flock to the city to surf, sight see, fish, and take in the sights and sounds of the city. Until recently, hotel Wi-Fi was provided free of charge due to a city initiative, but has since been privatized. While the hotel may not charge for the service, it is paying a price to the city.

The vibrant economy of Corpus Christi is based on a strong history of diversification. Location, natural features, a large population and a military presence have all served to make this city a buttress even in an economic storm.