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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.

Honeywell moves Performance Materials and Technologies HQ to Houston

Honeywell International Inc. (Nasdaq: HON) moved its Performance Materials and Technologies business division to Houston, the firm announced Aug. 11.

Houston for tourists? If you think that's a joke, the joke's on you

Have you ever been somewhere that was simply enjoyable? Good food, memorable attractions, a culture different from your own, and people who generally seemed happy to be living there?

Not just oil and gas: Houston’s reputation for tech is growing

Houston is often pigeonholed as a city that only specializes in energy and healthcare. Yet that perception doesn’t necessarily reflect reality, as the city also has the 11th-largest tech workforce in the U.S., employed across a variety of different sectors.

Houston is winning the competition to establish tech hubs in Texas

HPE’s decampment to Houston offers a vivid snapshot of a new tech frontier where the energy industry, three major local universities, the world’s largest medical center, the mayor’s office, and the local tech ecosystem are working hand-in-hand to accelerate research in medicine, climate change and cloud computing.

Houston is uniquely equipped to lead: GHP lays out plan for energy transition

The good news, as the Greater Houston Partnership puts it, is the region could gain 560,000. But that all hinges on how the city and country move forward.

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.

Houston again recognized as a top major city of the future

A new study from the fDi Intelligence division of the Financial Times places Houston at No. 7 among the top major cities of the future for 2021-22 across North, South, and Central America. Among major cities in the Americas, Houston appears at No. 3 for business friendliness and No. 4 for connectivity.

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. 

NRG Energy relocating headquarters to Houston

Texas is already home to the company’s largest employee and customer bases. With the acquisition of Direct Energy, which closed in January, NRG Energy decided it was time to simplify the company’s headquarters status. The company currently has more than 3,000 employees in the greater Houston region.

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.

HPE CEO happy to return home to Houston and support the city's growing tech sector

Neri said adding the Houston office will give HPE the best of both worlds: A long-term thought leadership location in Silicon Valley and a second location that is more affordable for employees while still providing the company with plenty of experienced employees.

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. 

Axiom Space to set up headquarters at Houston Spaceport

Axiom Space plans to build a 14-acre headquarters campus at the Houston Spaceport, Houston Airports announced Dec. 22. Houston Spaceport, an $18.8 million project, completed construction in December. Axiom Space’s campus will train private astronauts and begin production of its Axiom Station.

The New Houston: Oil is no longer to reign as absolute monarch

Houston's economic base, demographics, and attitudes are changing. While oil and money were the prizes Houstonians eyed, they now value things like parks, walkability, and livability.

As Texas attracts more corporate relocations and expansions, Houston quietly continues to ink deals

Houston is seeing its own gains in corporate relocations and expansions. Site Selection Magazine named Houston as second in the U.S. for the number of corporate facility deals in 2019 (276), ranked only behind Chicago (416 corporate deals).

Related News

Economic Development

Houston Expected to Create 75,000+ Jobs in '22 as Region Works to Regain Pandemic Losses

12/1/21
HOUSTON (December 1,2021) – The Greater Houston Partnership forecasts the Houston region will create 75,500 net new jobs in 2022. As the region’s economic recovery continues, employment gains are expected in every sector, with the greatest increases anticipated in administrative support and waste management; government; health care and social assistance; and professional, scientific and technical services.  Five factors will support job growth in the region next year: the ongoing U.S. expansion, robust global trade, energy consumption returning to pre-crisis levels, pent-up consumer demand, and local population growth. The dynamics affecting each are broken down in the report. The forecast warns that the recovery will continue to face headwinds, including elevated inflation, supply chain challenges and worker shortages, but these won’t be enough to halt growth.  As of September 2021, Metro Houston had recouped 245,600 jobs, or roughly 68 percent of the 361,400 lost in the early stages of the pandemic. The sectors most impacted by social distancing are near full recovery. Restaurants and bars have recouped 90.1 percent of their losses, retail 86.5 percent, other services (i.e., personal services), 94.0 percent. However, for the industries that were struggling prior to the pandemic—including energy, manufacturing, construction, and wholesale trade—COVID-19 made their situations worse. Those sectors began to shed jobs before COVID-19 arrived and continued to shed them after the economy reopened. Collectively, these struggling Houston industries account for over half the jobs needed to close the gap and recapture Houston’s pre-pandemic employment peak. Partnership Senior Vice President of Research Patrick Jankowski said the good news is that the outlook for the four sectors has improved in recent months and they’re taking small steps toward recouping their losses.  “Only eight times in the past 21 years has annual growth exceeded 75,500 jobs, which is our forecast for 2022,” Jankowski said. “Those eight years tend to coincide with rising oil prices or prices at an unsustainably high level. Factor out the booms (and the busts), and metro Houston typically creates 65,000 to 70,000 jobs in a ‘normal’ year. Measured against that, 2022 looks to be one of the better years for job growth in Houston.”  Metro Houston Jobs Forecast by Sector (December 2021 to December 2022)  Administrative Support/Waste Management: +9,000 jobs  Professional, Scientific and Technical Services: +8,700 jobs  Health Care and Social Assistance: +8,400 jobs  Restaurants and Bars: +7,200 jobs  Government: +7,100 jobs  Transportation, Warehousing and Utilities: +6,500 jobs  Manufacturing: +5,000 jobs  Energy: +4,000 jobs  Wholesale Trade: +3,000 jobs  Construction: +2,700 jobs  Other Services: +2,100 jobs  Finance and Insurance: +2,100 jobs  Educational Services: +2,000 jobs  Retail Trade: +2,000 jobs  Real Estate and Equipment Rentals: +2,000 jobs  Arts, Entertainment and Recreation: +1,600 jobs  Hotels: +1,200 jobs  Information: +700 jobs  Click here to see the full report, including a sector-by-sector examination of the factors that will prompt growth in the year ahead.  The mission of the Partnership is to make Houston one of the world’s best places to live, work and build a business. To that end, the Partnership provides this forecast to help the Houston business community and those involved in economic development in the region understand trends influencing the region’s economy and driving industry gains or losses. The forecast is designed to help businesses make better investment, staffing and purchase decisions in the coming year. ### Greater Houston Partnership The Greater Houston Partnership works to make Houston one of the best places to live, work and build a business. As the principal business organization in the Houston region, the Partnership advances growth across 12 counties by bringing together business and civic-minded leaders who are dedicated to the area’s long-term success. Representing more than 900 member organizations who employ approximately one-fifth of the region’s workforce, the Partnership is the place business leaders come together to make an impact. Learn more at Houston.org. A.J. Mistretta Vice President, Communications          (c) 504-450-3516 | amistretta@houston.org  
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