2018 Annual Report

March 25, 2019

Category: Organizational Resources

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The Permian Basin’s oil and gas industry has emerged as the economic
powerhouse of the nation. With 8.5% year-over-year growth in
employment, and 30% growth in sales tax revenues, Midland is
experiencing an unprecedented economic upswing. In January
through October 2018, an estimated 40 new workers joined Midland’s
labor force each day. This is accompanied by the challenges of rapid
expansion that have revealed our city’s urgent need for greater
capacities in infrastructure, medical care, workforce housing, and comprehensive educational
opportunities. Unless Midland can sustainably manage its growth, it will become an outpost
for oil and gas extraction, not a locus of opportunity where families thrive and quality of
life is cultivated.