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Business Climate
The table provides recent data on the types of businesses that compose the Port Isabel economic framework. The overwhelming majority (66.8%) are business involved in the retail trade which includes all stores and restaurants. The second-largest concentration is in the service industry which may involve the following business along with support services for other industries such as print shops and medical services:
- Accounting
- Banking
- Legal
- Motel Rental
- Real Estate
- Tourism-Related
Industries
The low number of construction-related enterprise is significant in that it may indicate a need for this type of industry; especially with the increase in development within our Region. The manufacturing and agriculture may be cumulative indicators of shrimping and packing outlets. Overall all industries contributed $103,652,820 to the local economy, of which nearly half consisted of taxable sales which indicates that there was much tax-exempt exchange of goods and services within this community.
2003 to 2004 Port Isabel Industry Statistics
Industry | Number of Businesses |
Gross Sales | Taxable Sales |
---|---|---|---|
Agriculture | 3 | 91,573 | 13,051 |
Construction | 8 | 1,711,722 | 1,072,545 |
Fire | 2 | 0 | 0 |
Manufacturing | 6 | 1,463,170 | 344,543 |
Retail Trade | 135 | 92,242,844 | 52,228,323 |
Services | 36 | 3,589,932 | 1,837,309 |
Transportation, Communication and Utilities | 4 | 207,991 | 191,645 |
Wholesale Trade | 6 | 3,969,819 | 335,171 |
Other | 1 | 0 | 0 |
All Industries | 199 | 103,652,820 | 56,158,501 |