Case Study: Citgo Petroleum

Refinery

Impact

AngelouEconomics was engaged by CITGO to assist the CITGO Petroleum project team in the evaluation of Texas for its corporate headquarters and new refinery investments.

Case Study: Citgo Petroleum

AngelouEconomics was engaged by CITGO to assist the CITGO Petroleum project team in the evaluation of Texas for its corporate headquarters and new refinery investments. The firm performed an economic impact study of the headquarters and manufacturing projects, and assisted CITGO with its incentives negotiations. CITGO selected Houston and Corpus Christi for these projects. The economic impact study estimated the potential impact on jobs, payroll, economic activity, and tax revenue for the State of Texas, and was used to support the company’s efforts to receive grant funding from the Texas Enterprise Fund.

Case Studies in Site Selection

Case Study: Houghton Mifflin Harcourt

Houghton Mifflin Harcourt (HMH) has been a notable employer within the city of Austin for decades. Located in downtown Austin, the company has employed more than 200 people and is one of the city’s more respected employers.

Case Study: Conoco Phillips

AngelouEconomics was engaged by Conoco Philips to conduct a site location analysis for the development of a global technology and corporate learning center. The center will serve as the company’s hub for research and development of renewable and alternative energy and high-tech carbon fuels recovery. The project selected a location in the Denver, Colorado region.

AngelouEconomics helped me define New Mexico’s industry clusters but then went many steps further with a marketing plan, contact lists and assistance is setting up strategic meetings. All in all, an impressive effort. AngelouEconomics is a well-rounded firm that excels in strategic development ranging from marketing plans and cluster analyses to economic impact reports for recruitment.

Rick Homans
President/CEO Tampa Hillsborough Economic Development Corporation
Former Cabinet Secretary of Economic Development, State of New Mexico

About AngelouEconomics

AngelouEconomics works with numerous professional and business associations in building dozens of unique economic impact studies among other types of projects including site selection projects as well as strategic economic development projects. Some projects examine the effects of statewide policy measures, such as the Texas Bathroom Bill or ban on Sanctuary Cities. Other projects measure the contribution of member networks in terms of jobs, wages, and total economic output like this study for Prospera, a nonprofit organization specializing in providing bilingual assistance to Hispanic entrepreneurs in Florida. Economic impact studies are effective tools for quantifying and illustrating the value of individual professional and business associations. They are versatile, as they can illustrate the value or impact of a specific policy or quantify the economic contribution of your members to the local, regional, and nationwide economies. We also know entrepreneurship inside-out. We achieved our own entrepreneurial success by forming the International Accelerator (IA). Our program attracts over 1,500 applicants from around the world and selects 10-12 startups each year to fund and accelerate their growth in the US market.

Want to Learn More?

If you would like to learn more, send us an email at mmcdaniel@angeloueconomics.com

CASE STUDY: Citgo Petroleum

Refinery

Impact