Dr. Perryman provides an economic forecast for the Rio Grande Valley and the Port of Brownsville's role in connecting international trade to the region at the 2022 State of the Port Address.
Dr. Perryman takes a look at how this decision will affect jobs in the state.
A few years ago, I was asked to name the major events that shaped the Texas we know today. High on the list was the development of Allen's Landing and the Port of Houston during the early days of the Republic and the subsequent efforts at the dawn of the twentieth century to develop a deep-water channel in the area just as the oil industry was emerging. Without this critical infrastructure, Texas could not have become a vital hub of global commerce. I am tempted to say "and the rest is history" – but, in reality, it is also the future.
Over 40+ years and thousands of projects, I have examined pandemics, natural disasters, oil market collapses, financial meltdowns, and all manner of mayhem. One enduring lesson is that nothing – and I do mean NOTHING – gets folks worked up as much as football. I should know better, but, alas, I don't!
Seaports have been centers of commerce for centuries (millennia, in fact), and they remain crucial to the economy today. Every year, hundreds of billions of dollars' worth of products move through US ports. Ports generate substantial business activity through their operations, but those benefits are dwarfed by the huge importance of water transportation to other industries.