Bay Area Houston Economic Partnership Strategic Plan 2022—2024

Strategic Plan Framework

Mission

Bay Area Houston Economic Partnership leads regional economic development activities in support of the economic vitality of members, partners, and the region.

Vision

To Stimulate Sustainable, Long-Term Economic Prosperity for Bay Area Houston

Core Values

Engaged, Strategic, Collaborative, Trustworthy, and Ethical

1.0 Shaping a Future-Ready Regional Economy

1.1 Craft the next-generation regional economic development model

1.1.1 Assess the regional impacts of demographics, economic environment, cluster development, technological innovations, risk mitigation, and industry relevance (national and global)

1.1.2 Refine the “MATHS* five-clusters of opportunity” regional model to include support for the development of additional industries

1.1.3 Lead and/or coordinate partnerships that enhance regional economic development

1.1.4 Build the business case for investment in the future of the Bay Area: infrastructure, business environment, talent development, business development opportunities, and sense of place

1.2 Guide the development of an entrepreneurship infrastructure

1.2.1 Partner to create a public-private regional innovation hub to attract entrepreneurs and companies

1.2.2 Leverage Texas incubators and innovation centers

1.2.3 Support initiatives to attract investors’ funds to the region

1.2.4 Offer opportunities for regional companies to gain expertise and technical support (e.g., SATOP, TexSpace, BayTech)

*MATHS: Maritime; Aerospace, Space, and Aviation; Tourism, Recreation, and Hospitality; Healthcare; and Specialty and Petrochemicals)

From traditional economic development activities – job and wealth creation – to active development of regional, industry, and community partnerships necessary to sustain economic vitality, BAHEP remains the region’s go-to organization. That responsibility has been taken seriously.