Greater Houston Partnership (GHP)

Cost of Doing Business

Competitive Business Costs

Office & Industrial Space

Houston is the nation’s fifth-largest office market, with 194 million square feet of net rentable area. Houston ranks seventh among U.S. metro areas with the largest number of energy-efficient buildings. The region’s 204 Energy Star buildings represent annual savings of $66.4 million in utilities and emission savings, equivalent to the electrical use of 68,000 households. Houston also has a wide variety of industrial spaces at reasonable rates.

Union & Labor Costs

Texas is a right-to-work state, ensuring a choice among quality union and non-union skilled labor. State right-to-work laws secure the right of employees to decide whether to join or financially support a union. Union activity has slowed dramatically in the Houston region. Currently 2.6 percent of Houston’s private sector workforce is unionized.

Utilities

The majority of Texas enjoys a deregulated energy market, thus providing electricity customers with a selection of retail providers and open market competition. For the majority of the Houston region, electric power is provided by CenterPoint Energy, the local PUC-regulated Transmission and Distribution Utility or “local wires company.” Centerpoint Energy's assets total more than 22.8 billion. Water supply now available or under development will meet Houston’s needs beyond 2035.

Taxes

Houston’s tax structure makes it a low cost center for doing business. See Taxes & Incentives



The Greater Houston Partnership Salutes Our Executive Partners