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01-12-09 Special Called Meeting of the La Porte Development Corporation Board of Directors
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01-12-09 Special Called Meeting of the La Porte Development Corporation Board of Directors
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City Meetings
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La Porte Development Board Corporation/Type B
Meeting Doc Type
Minutes
Date
1/12/2009
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<br />Figure 9: Regional Unemployment (November 2008) <br />10% <br /> <br />1% <br /> <br /> <br />9% <br /> <br />8% <br /> <br />7% <br /> <br />6% <br /> <br />5% <br /> <br />4% <br /> <br />3% <br /> <br />2% <br /> <br />0% <br /> <br />Baytown <br /> <br />Deer Park <br /> <br />La Porte <br /> <br />League City <br /> <br />Texas City <br /> <br />H a rri s County <br /> <br />Source: Texas Workforce Commission <br /> <br />Per Capita Income & Wage Levels <br />While La Porte's population has been slq'!N1y increaSing, when cOl'1'1pared to the state as a <br />whole, its resident~'1?ercap4ta income ha~" kept ue'lt1Porte:~ per capita personal income is <br />3.7 percent abovetlie Texas average, but 4.7 pei'ceiit belowthe Harris County Average. The <br />2005-2007 averagepercapita inq>me for La Porte is $24,176 versus the Harris County <br />average of $25,364. (Note, Ameriqm Com. munity S. ..urvey estimates are used to produce the <br />.",. ,--,., .,'. ,.... ..... ,. .. <br /> <br />per capitailitoine statistfcs~ndare base<!, o~ data~ollected over a 3-year time period. The <br />estiwates representth~ average characteristiCs of population between January 2005 and <br />December 2007 and do not represent a single point in time.) <br /> <br />Wages paidtola Porte-based workers, however, are well above state and regional levels. In <br />2006, the average salary was $57,195 versus the Harris County average of $51,932. La Porte <br />is also outperformin~all ofi!s peer communities. <br /> <br />It is not possible to produce wage estimates for La Porte residents who work outside of the <br />city. Based on an analysis of La Porte resident occupations (Table 4) and average wage and <br />per capita income trends (Table 11), however, it is likely that residents earn less than the La <br />Porte-based average wage. La Porte registers the greatest disparity between per capita <br />income (based on place of residence) and average wage per job (based on the location of the <br />firm). This indicates millions of wages are leaking to surrounding cities. <br /> <br /> <br />City of La Porte, Texas - Economic & Demographic Assessment I January 2009 <br />
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