In 2015, the Port of Corpus Christi opened up for crude oil export and has since undergone an industrial boom. In just four years, it has become the fourth largest port in the United States. Oil and gas development has sparked an economic renaissance in the region, and a number of new port improvements are underway to ensure that it continues well into the future.
We have issued our 2019 Corporate Accountability Report, an annual assessment of our performance as a public company and a community partner. This is the 13th year AEP has released the report, which details its developments in energy and technology, social responsibility, community investments and environmental stewardship.
As full nationwide deployment of 5G is expected by 2020, enterprises and service providers are looking to embed computing and storage capacity closer to where the data is being generated. Hence, the micro-data center. Speed-to-market will become increasingly important for industry players, and AEP can help you act now.
Our site and building database is an excellent resource to search our AEP Featured Sites, as well as over 600 other sites and buildings throughout our 11-state service territory. It has a straight-forward and intuitive functionality similar to most common online mapping applications, including user-friendly filtering and the ability to search by specific criteria.
In addition to our 50 Featured Sites, which have been certified, qualified or reviewed by best-in-class site selection and engineering experts, there are hundreds of additional properties across our 11-state service territory ready to meet your development needs.
The AEP Economic & Business Development Team participated in the 5th annual SelectUSA Investment Summit June 20-22nd, 2018 in Washington, D.C. Hosted by the U.S. Department of Commerce, SelectUSA was created to invite and encourage potential foreign investment to the United States. This year, over 1,200 international firm attendees from 66 countries and more than 700 economic development organization representatives from all 50 states attended.
AEPED has partnered with many of our local communities to identify sites with strong potential throughout our 11-state service territory and invest in preparing them for development.
Three sites in southwest Arkansas, in Texarkana, Hope, and Prescott, have earned the Quality Sites designation for project readiness through American Electric Power (AEP). AEP coordinated with its subsidiary Southwestern Electric Power Co. (SWEPCO) on finalizing the designation.