Priority Midland can play a pivotal leadership role as the community moves into important times. The Midland Chamber of Commerce held its State of the Economy luncheon Wednesday, and Priority Midland was front and center at the Bush Convention Center.
In this episode, Krista sits with Dr. Ray Perryman, an Economist here in the Permian Basin. Dr. Perryman talks about his take on “what oil’s going to do?” and to discuss the work he is doing with Priority Midland.
Economist Ray Perryman told a gathering of elected leaders Wednesday that there’s a reason a development initiative would be beneficial to the Midland metropolitan statistical area.
He said during a presentation of his study — which looked at the implications of Midland’s anticipated growth — that more than 85 percent of the regional gross product in the Permian Basin oil and gas sector flows to the Midland MSA.
Midland is growing at a fast rate, as the oil and gas industry continues to thrive in the Permian Basin. But residents and local leaders are beginning to question what needs to be done to make the Tall City a place where more people want to live.
A new economic impact study released by the Perryman group gives residents a picture of how the city will grow if it begins to make some dynamic shifts.
Several Priority Midland stakeholders gathered Wednesday morning at the Petroleum Museum to hear new forecasts for the Midland metropolitan statistical area and prioritize the focus areas. When asked what the one priority of the group is, economist Ray Perryman said, “education is fundamental to growth.”
This morning the Midland City Council was presented with a study by Priority Midland about the current development of our city.
Economist Ray Perryman told Priority Midland stakeholders on Tuesday that the Midland metropolitan statistical area’s population could climb to 236,500 by 2025 and 280,800 by 2030.
The Odessan was commissioned by Priority Midland to define the implications of Midland’s anticipated growth. In his presentation, he clearly stated that today’s oil production environment was drastically different than even 10 years ago.
“If you are not committed (to Priority Midland), get out.” So said Mayor Jerry Morales to those in attendance at the City Council retreat earlier this month. Priority Midland has become a political hot potato ever since the Midland Development Corp. approved $4 million in seed funding.