The Brazos Valley has seen a strong recovery from the effects of the pandemic and is posed for continued robust growth according to renowned economist Dr. Ray Perryman.
The president/CEO of The Perryman Group’s assessment was part of his keynote remarks at the Brazos Valley Economic Development Corporation’s Marketplace Luncheon, held September 30 at the Texas A&M Hotel and Conference Center on the Texas A&M University campus.
Perryman said the region’s comeback from the pandemic-induced economic downturn was much faster than most areas in Texas, with 80-85 percent of the economy back within four-to-five months.
“Looking forward, we think the growth prospects are excellent because you’re seeing a lot of investment in new retail, facilities and amenities,” Perryman said following his speech. “You’re seeing some great new companies coming to town, particularly some that are dealing with the health and bio science area, growth industries for the future and industries that are very well supported by some of the programs here at A&M.”
Perryman also praised the quality of life offered in the Brazos Valley, calling it a significant advantage for company and talent recruitment. He emphasized a continued community focus on that aspect.
“You turn out a lot of knowledge workers here at Texas A&M,” he said. “They tend to love the place and like to come back a lot, so you’ve got a real opportunity to keep some of those folks here. That creates opportunities.”
As part of his speech, Perryman gave his data-driven assessments on the state, national and global economies and provided an outlook on what is likely to happen over the coming months.
This was Perryman’s second consecutive year joining the BVEDC at a fall event.
As part of the luncheon, the BVEDC and its community partners also presented Leadership Awards to three people who have positively impacted the region, including on the business side.
This was the third event in the BVEDC’s Marketplace Series this fall. The first two were open only to members of the Invest Brazos Valley private investor group and featured a local economic update from Texas A&M University’s Private Enterprise Research Center and a presentation from the Federal Reserve Bank of Dallas.
Platinum sponsors of the Marketplace Luncheon were:
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