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Houston in the News

What are major media outlets saying about Houston? The conversation about H-Town has evolved in recent years as awareness of the city's tremendous quality of life, emerging tech and innovation scene and other attributes has grown. The Partnership is working to expand the conversation around these key attributes that will help advance the region's economic growth. Read some of the recent stories about the nation's most diverse major city and the Partnership's efforts to steer its prosperity.

Fossil fuels built Houston into an energy capital. Can it lead the clean energy transition?

There's a new kind of energy in town to advance the transition to an energy-abundant, low-carbon future.

Houston metro area among the nation's top destinations for new corporate projects, report says

When it comes to landing corporate developments, Houston is among the top destinations in the country.

Houston ranks in top 10 for best housing markets for stability and growth, new report shows

The greater Houston housing market ranks among nation’s the top metropolitan areas in terms of growth and stability, according to a recent report by SmartAsset.

HPE Houston campus.jpg

Houston tech ecosystem ranks as No. 5 in the world for emerging startup hubs

In a new report from Startup Genome and the Global Entrepreneurship Network, Houston ranks fifth among the world’s top 100 emerging ecosystems for startups. Last year, the groups’ report put Houston at No. 19 in the same category.

Houston could become ‘epicenter of global clean hydrogen hub,’ report says

The region contains all the ingredients for a clean hydrogen market — clean power access, electricity-guzzling industries, and the existing network of production and pipelines — on a scale large enough to make Houston “the epicenter of a global clean hydrogen hub” that extends across Texas and the U.S. Gulf Coast, the Center for Houston’s Future laid out in a report released May 23.

Report: How Houston could gain, lose jobs in a clean energy transition

As the "energy capital of the world," Houston's overall employment is significantly impacted by the energy industry. New research is shedding light on how Houston's economy could be impacted if the city doesn't lean into an energy transition to become the energy capital of the future.

Inflation Reduction Act accelerates clean energy transition in the Houston area

The energy transition has accelerated in the Houston area in the past year as companies expand their presence in the region and plan new projects for solar, wind, hydrogen and carbon capture technologies.

The flurry of activity can be attributed to the region's place as the center of the U.S. energy industry and the existing infrastructure for transporting, refining and storing energy. But also playing a part in the uptick in activity has been the Inflation Reduction Act of 2022 and the incentives it created for clean energy projects.

Report: Houston ranks in the top 10 life sciences markets in the U.S.

In assessing Houston’s strength in life sciences, CommercialCafe says that “the resilient Texas powerhouse was lifted by the wave of emerging life sciences clusters across the U.S.” Two major projects are helping Houston maintain that powerhouse status. The Texas Medical Center (TMC) last year unveiled TMC3, a 37-acre, roughly 6 million-square-foot life sciences campus, and Houston-based Hines recently topped out the 270,000-square-foot first phase of the 53-acre Levit Green life sciences district next to TMC.

TMC3 Aerial July 2022

Exxon to Move HQ to Houston, Merge Refining and Chemicals

Exxon Mobil Corp. will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.

The City of the Future: Walkable, mid-sized and built for flexible work

Houston is using their assets and sharing that expertise to attract more development. The secondary intent is to become less of a high-traffic metro and more walkable by connecting this development to downtown.

Dear Austinites, you have permission to move to an affordable, weird city: Houston

You want live music? How about the world-class Houston Grand Opera, the symphony at Jones Hall, and Opera in the Heights? And if you’d prefer something more familiar to Austin sensibilities—a schlubby guy doing Oasis covers on his acoustic guitar, for example—may I suggest Hopdoddy Burger Bar in Rice Village? Moreover, Houston can claim genres of music almost totally lacking in Austin—think DJ Screw, or Paul Wall and the Southern rap spawned by Swisha House. Also, Beyoncé. 

Downtown Houston

fDi’s Global Cities of the Future 2021/22 — overall winners

Houston came in at No. 19 on 2021/22 fDi list, which ranks major global cities based on foreign direct investment. That’s up from No. 24 when the ranking was published in 2018/19. Houston was only one of two U.S. cities among the top 20 on the latest list, with New York ranking seventh. 

Intuitive Machines opens $40M production center at Houston Spaceport ahead of moon mission

Houston-based Intuitive Machines has completed its Lunar Operations and Production Center and is preparing to send its first lunar lander product to Florida in support of a NASA mission.

Houston's economic fate no longer solely tied to oil and gas, Moody's report says

Houston remains the energy capital of the country, but a new Moody Analytics report indicates the Bayou City has diversified its industry portfolio enough to no longer rely solely on oil and gas.

Chevron's offer to pay for staff to move to Houston signals growing focus on Texas

Chevron isn’t requiring employees to move to Texas, but its offer to cover employees’ relocation is another sign that Houston is a primary center of operations for the oil major.

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Economic Development

Rising in Houston: Projects to Look Forward to in 2024 and Beyond

4/8/24
Houston experienced significant economic resilience and growth amidst looming concerns of a recession. Despite slowdowns across sectors, the Bayou City continued to create jobs, adding 53,700 in the first 10 months of ’23, according to the Partnership’s Houston Region Economic Outlook report. While the real estate market faced challenges, the greater Houston region saw many dynamic projects come to life, including the opening of Helix Park, the Texas Medical Center’s first phase of its new 37-acre campus.  Looking ahead, here are a few developments that will impact Houston’s economy in 2024.  Arco Del Tiempo Serving as the centerpiece in Houston’s East End Guadalupe Plaza Park, Arco Del Tiempo is a new environmentally sustainable art installation aiming to advance the region’s transition to an energy abundant future. Standing at a 100-feet tall, Arco Del Tiempo will not only generate power for the nearby City-owned Latino multicultural performing arts theater, Talento Bilingüe de Houston, but it also will offer a gathering space for the community. Arco Del Tiempo is set to be installed in 2024.  Click to expand Austin Point Austin Point is a first-of-its-kind 4,700-acre master-planned town that will feature 1,600 acres of mixed-use commercial development space and a walkable downtown area with hospitals, life sciences labs and corporate headquarters. The first phase of the development will include The 1824, a central park and community center with a café, wine bar, large front porch, an event lawn, children's play area, beer garden, food truck court, walking trails and a dedicated space for outdoor fitness activities and games.   Autry Park Spanning 14-acres in Montrose, Autry Park is an urban village designed to increase connectivity and walkability to food, entertainment, retail and living in the area. The project's first phase includes two apartment buildings, Hanover Autry Park, a 24-story apartment tower with 324 units, and Hanover Parkview, an eight-story mid-rise with 421 units, both have already opened. Phase two is projected to open at the end of 2024 with additional commercial tenants and retail space. BioHub II at Generation Park Generation Park, Northeast Houston’s massive commercial development, is set to open its new state-of-the-art, 45-acre biomanufacturing hub – BioHub II this year. The new master-planned campus will include 500,000 square feet for cGMP manufacturing, lab and office space and house the biomanufacturing workforce institute that will offer certificate coursework in bioprocessing to students, further expanding the region’s life sciences ecosystem and workforce.  Click to expand East Blocks  A redevelopment project led by Houston-based Pagewood and Wile Interests aims to transform former warehouses in EaDo into a walkable 10-block mixed-use district. East Blocks is expected to break ground in the second quarter of 2024 and will encompass 513,000 square feet southwest of Shell Energy Stadium. Phase one will include a unique blend of restaurants, shops, office and green space and will include existing tenants 8th Wonder Brewery and Pitch 25, while phase two will focus on additional retail and restaurant space. The Allen The Allen, a sophisticated new mixed-use development is currently underway in Houston’s Allen Parkway corridor. The first phase, The Residences at The Allen, includes the development of a $290 million, 35-story skyscraper that towers over Buffalo Bayou Park. The stylish new building offers luxury condos, high-rise penthouses and a sleek 170-room Hotel – the Thompson, which opened earlier this year. Phase II of The Allen is anticipated to break ground in early 2024 and will include more retail and restaurant space and luxury multi-family living.  Click to expand The Commons at Hermann Park Hermann Park is changing the game for green spaces in the Houston area with its new groundbreaking 26-acre development – The Commons. Slated to open to the public this week, The Commons aims to revolutionize the beloved park with a unique collection of play areas, including an immersive space-themed area and a life-sized carousel. The commons also features many new gathering spaces including a Central Lawn and the Live Oak Terrace.  The Houston Astros Entertainment District  The Houston Astros expect to break ground on a new entertainment district adjacent to Minute Maid Park in Nov. 2024 The district will feature a 17-story hotel, 60,000 square feet of retail space for restaurants and shops and a three-level gathering area for fans to watch Astros games and other major sporting events on a massive outdoor screen. The venue will also host live music performances. The Grand at 249 Situated at the corner of the Grand Parkway-Highway 249 intersection, the groundbreaking 65-acre retail center dubbed The Grand at 249 will span 404,256 square feet in Tomball, making it the largest retail concentration within Houston's northwest submarket. Slated for completion in 2025, The Grand at 249 will boast 12 pad sites and include tenants such as AT&T, Boomer Jack's, Gringo's, Jersey Mike's, Milano Nails and Two Pho Nine Asian Fusion.   Learn more about why businesses are choosing Houston and what it means to live, work and play in the Bayou City. 
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Economic Development

Houston House Spotlights Major Advancements in Tech and Innovation at SXSW

3/18/24
The Greater Houston Partnership returned to Austin to host Houston House at the 2024 South by Southwest conference, highlighting the strides made in technology and innovation within the city. Throughout the one-day program, discussions delved into the essence of collaboration as a driving force behind success in startups and industry advancement within the Houston region. Startups face formidable odds, with up to 90 percent failing within the first few years. However, the consensus among successful Houston startup founders and investors is clear: collaboration is key for scaling effectively. Sunny Zhang, Founder and Chief of True Leap, stressed the importance of cultivating diverse perspectives and networks, emphasizing to “surround yourself with different minded people in every spectrum to maximize your collective intelligence and your network.” Amidst the evolving landscape of remote work and the rapidly changing tech industry, startup CEOs prioritize fostering positive work cultures that revolve around strong team dynamics. This emphasis on collaboration ensures cohesion and resilience as companies navigate the challenges of scaling up effectively. Co-Founder and CEO of Hello Alice Carolyn Rodz shared fostering teamwork through shared responsibilities, even tasks like taking out the trash, binds teams together towards a common goal. Throughout the discussion, panelists consistently underscored the magnitude of activity burgeoning within Houston. From Greentown Labs and the Ion to the Texas Medical Center and Generation Park, Houston’s vast portfolio of thriving industries and innovation hubs have paved the way for opportunity and collaboration across sectors, driving growth and success in the region. “Houston has a cornucopia of opportunities for people looking to switch industries,” said Trevor Best, CEO of Syzygy Plasmonics. “There is a lot of overlap across industries. At Syzygy, we got people who come from the oil industry and aerospace who bring in different skill sets.” Yet, with growth comes the imperative of nurturing talent pipelines. Education leaders emphasized the need for community collaboration in preparing students for evolving industries. “If you look at low-income students in Texas, only 23 percent of students are completing secondary education," said Raj Salhotra, Executive Director of Momentum Education. “Most jobs require experience and education past high school. We have to build a pipeline to get people there.”  Houston House at SXSW 2024 showcased the region’s unwavering dedication to propelling its tech ecosystem forward, spotlighting its collaboration efforts and the groundbreaking advancements driving growth and innovation in the Bayou City. “There is a revolution happening in Houston, said Best. “There are signs pointing to a lot of success in the future. We are on the cusp of something huge.” View Houston House at SXSW Panel Recordings. 
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Related Events

Economic Development Event

State of Houston's Global Economy

Tickets now on sale! The Greater Houston Partnership invites you to the State of Houston's Global Economy on May 2, 2024. Houston's ties to the global economy have grown alongside the city,…

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Executive Partners