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Bayou Business Download: Houston's Transformation Over the Years

Published Oct 09, 2023 by Brina Morales


Downtown Houston

In this episode of Bayou Business Download, Partnership Chief Economist Patrick Jankowski discusses what the latest American Community Survey, released by the U.S. Census Bureau, tells us about our region and how it has transformed over the years. 

 

 

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Fifth Third Bank

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Houston continues to evolve as a premier destination for life sciences and biomanufacturing through a multifaceted strategy that capitalizes on its existing strengths and fosters innovation and growth.   Since its inception in 1945, the Texas Medical Center has evolved into a vast medical district spanning 5 square miles  and serving over ten million patients annually.  More than 60 institutions operate within the Texas Medical Center, serving as a catalyst for Houston’s collaborative ecosystem, with efforts like the Cell Therapy Manufacturing Center, JLABS@TMC and CUBIO. This helps set the stage for groundbreaking research and provides direct access to nearly 5,000 active clinical trials, a major boon to innovation.   Recent years have witnessed significant strides in laying a robust foundation for Houston's position as a leader in innovative life sciences and biotechnology. These efforts came into focus last month at Bisnow’s Life Sciences Evolution event, with leaders in the life sciences industry, real estate and innovation envisioning the future growth of the Houston life sciences market. Among the assets shared as advantages were access to clinical trials, business environment, workforce efforts and quality of life.   “Having access to the patient population is critical to success, especially a diverse population,” Monique Knighten, PhD of Portal Innovations said. “There’s a key benefit to have access to these clinical trials and the expertise involved, as well as living close to where the science is being developed.”   Legislative actions, such as the passage of Proposition 10 in November which provides new incentives for medical device and pharmaceutical manufacturing companies, enhances the region's competitiveness and economic prospects. Additionally, investments in workforce development, exemplified by collaborations between educational institutions and industry partners like San Jacinto College and the National Institute for Bioprocessing Research and Training (NIBRT), ensure a skilled talent pool for the future.  “The relationships with companies, colleges and high schools are integral,” Pearland EDC Vice President Brian Malone said on the panel at Bisnow discussing suburban life sciences growth. “We’ve really worked hard on that with a business retention plan to find out what type of training and what type of workers these companies need.”   Furthermore, substantial real estate investments further support life sciences research and development. TMC’s Helix Park opened in 2023 with the TMC Collaborative Building and industry research hub Dynamic One, with new tenant Houston Methodist leasing 75,800 square feet. Just north inside the Medical District, Hines’ Levit Green is now leasing nearly 300,000 square feet of purpose-built lab and office space as part of a future 53-acre district. On the northeast side of the metro, McCord’s master-planned Generation Park recently broke ground on a new Center for Biotechnology in partnership with San Jacinto College. In The Woodlands, Alexandria is developing 8800 Technology Forest Place into 325,000 square feet of Class A space.   Initiatives such as the Cancer Prevention Research Institute of Texas (CPRIT) and a thriving innovation ecosystem further reinforce the city's position at the forefront of bioscience breakthroughs and economic impact.  With strategic advantages like its top-ranked port, diverse population, and accessibility to global markets, Houston is poised to further elevate its status as a hub for life sciences innovation. As Houston continues to advance its life sciences and biotechnology sector, opportunities for collaboration and growth abound, driving progress in public health and driving the next wave of bioscience innovation.   Explore Houston's dynamic life sciences ecosystem.  
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Houston is a vibrant metropolis that thrives in the arts and curates a plethora of cuisines. Whether you are planning a Galentine's Day or the perfect night out with your significant other, its historical landmarks and award-winning menus will earn a special place in your heart this Valentine’s Day.  Click to expand Candlelit Dinner  A satiable bite is never too far. With diverse culinary offerings, Houston allows you to enjoy a tasty lamb curry and sticky toffee pudding from the 2024 James Beard Award semifinalist Jun after a candlelight concert. Explore other acclaimed restaurants in Houston here.  Click to expand Enjoy the View  On a budget? Stargazing under James Turrell’s Twilight Epiphany is never amiss. Don’t skip the Rothko Chapel, one of Houston’s most historical landmarks, followed by a wood-fired slice from Nonno’s Family Pizza Taven just around the corner.  Click to expand Restore Yourself  Go for a scenic walk at Hermann Park, a sprawling 717-acre landscape, or an afternoon stroll at the Houston Botanic Garden. Shop a variety of wellness items for your cupid after a yoga class and sound bath at the Wellness Market on Feb. 11.  Click to expand Create Your Own  Many small businesses host remarkable guided workshops that gratify your senses. From cake decorating to perfume mixology creating your own treasure and cherished memories with loved ones is a classic night in The Bayou City.  Learn more about living in Houston.   View this post on Instagram A post shared by Live, Work Houston (@liveworkhou)
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