Economic Development

Why Galveston?

Galveston Island is fortunate to have a diverse economic base anchored by maritime, healthcare, education, tourism, and has positioned itself as a vital component to the economic engine of the Texas Gulf Coast. Galveston recently surpassed 7 million annual visitors, 5,000 hotel rooms, and is currently home to the 4th largest cruise port in the United States.

The City of Galveston has prioritized redevelopment of historic properties, and made a tremendous investment in the community with investment in infrastructure projects, and the revitalization of the Strand District. The redevelopment of various properties has proven the success of our development incentives, and continue the redevelopment of Historic Downtown Galveston.

Galveston Highlights

  • Population: 

    • 50,550
  • Property Tax Rate: 

    • $0.561
  • Location 

    • 30 minutes south of Houston
    • 35 miles from Hobby Airport
    • Located along the Gulf of Mexico
  • Major Industries 

    • Education and Healthcare 
    • Maritime and Support Services for Offshore Oil and Gas
    • Tourism and Hospitality
  • Visitor Metrics 

    • 7 Million Annual Visitors 
    • $833M Total Visitor Spending
  • Construction Permits 2018

    • Commercial: 162
    • Residential 915
    • Electrical: 818