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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

Texas Dominates Business Attraction, Houston Remains a Top Leader

3/1/24
The Houston region has once again ranked third among top U.S. metros for attracting new business, according to Site Selection Magazine’s yearly analysis, while Texas earned its 12th consecutive Governor’s Cup.  “The Governor’s Cups recognize not only the winning governors, but their entire economic development teams, and by extension, the many professionals throughout their states who work every day to attract new investment and retain and grow existing businesses,” said Mark Arend, editor emeritus of Site Selection.  Site Selection identified 1,254 project wins for Texas in 2023, more than doubling the next-highest state, Illinois. With 226 more projects than 2022, Texas saw a 22% increase in projects. The Houston-The Woodlands-Sugar Land MSA won 413 projects, an uptick of more than 150 since 2022. Chicago and Dallas-Fort Worth placed first and second, respectively, in the top U.S. metros category.  "We are excited to see Texas continues to be the leading State for corporate relocations and expansions," said Partnership Vice President of Regional Economic Development Craig Rhodes. "Houston’s ranking as a top three metro further highlights the unique opportunity we have in our region for companies to access diverse talent, critical infrastructure, and the convergence of industries to grow their business on a global scale." Here is a look at a few of the notable project wins in 2023 for the Houston area:  Cart.com, an e-commerce unicorn that returned to Houston from Austin in efforts to scale its business. The move highlighted the value in Houston’s transportation infrastructure and accessibility, as well as its large and diverse talent pool.  Packgene Biotech, a CRO and CDMO company founded in Massachusetts, which broke ground on its 22,000 square feet cGMP manufacturing facility in 2023. This facility will create up to 80 jobs with $20 million invested. They are already in the expansion process to grow the facility to 35,000 square feet. This project will accelerate gene therapy product development by providing a fully integrated one-stop solution for clients.  Sumika Semiconductor Materials, a subsidiary of Sumitomo Chemical, is building a high-purity semiconductor process chemical manufacturing plant in the Houston region. The project includes an investment of $250 million and will create 50 jobs in the region.  SEG Solar, a solar panel manufacturing company, is slated to open its 145,000 square feet Houston facility by mid-2024. The project is projected to create 500 jobs with a capital investment of $60 million. The move reinforces Houston’s status as Energy Capital of the World.   In an interview with Site Selection Magazine, Governor Greg Abbott pointed to the state’s pro-business environment as to why companies keep choosing to relocate or expand their businesses in Texas.  “Industry-leading CEOs cite our pro-growth economic policies — with no corporate income tax and no personal income tax — along with our strong and growing workforce, easy access to global markets, robust infrastructure, and business-friendly regulations, "Abbott said.  The state’s new economic incentives program will be a critical tool in attracting new companies to the region. The Texas Jobs Energy, Technology, and Innovation, or JETI, program, replaces Chapter 313, which sunset in 2022.   Learn more on why companies continue to choose Houston. 
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Economic Development

Bridgeland’s 925-Acre Urban District Taking Shape, Driving Growth in Cypress

2/29/24
A groundbreaking 925-acre urban district situated in the heart of Bridgeland, Cypress’ massive master-planned community, is beginning to take shape as construction commences on its mixed-use development.   Spanning 70-acres, Village Green at Bridgeland Central aims to redefine Houston’s Northwest market, offering more than 28,000 square feet of retail and restaurant space, as well as a 100,000-square-foot H-E-B and 49,000-square-foot sustainable office building dubbed One Bridgeland Green.    Click to expand According to Bridgeland’s website, One Bridgeland Green will be the region’s first mass timber office development. Designed to reduce 20 percent of greenhouse gas emissions and 80 percent of its annual water consumption, the building sets a new standard for the future of eco-friendly workspaces.   Village green will service nearby residents of the district’s already developed apartment complex Starling at Bridgeland, which opened in 2022, and its 150-unit townhome community Highland Homes.   Click to expand Although its urban district is still in the early stages of development, Bridgeland has been steadily evolving since 2003. The 11,500-acre master-planned community has since garnered significant acclaim for its array of residences, schools and abundance of outdoor amenities.   Ranking amongst the top five bestselling master-planned communities in the nation, Bridgeland has witnessed a remarkable surge in new home sales, reaching a 74 percent increase year-over-year, according to real estate consultant firm RCLCO. With this momentum, the community is poised to reach its full build-out potential, accommodating an estimated 70,000 residents in the near future.  As Bridgeland continues to revolutionize living in greater Houston, the community's innovative and family-friendly landscape draws the attention of businesses, developers and new residents, driving substantial growth to the area.   According to Community Impact’s analysis of the U.S. Census Bureau’s American Community Survey, Cy-Fair grew by more than 52,000 residents from 2016-2021, marking a 9.4 percent increase in five years.  To accommodate growth, the Grand Parkway from I-10 to U.S. 290, which opened in 2013, is expected to be widen in 2026, improving mobility. Cy-Fair ISD is also responding to the increasing demand for education services by opening two new schools.   Click to expand As developers add more homesites and mixed-use developments to the area, companies are taking note in hopes of establishing a presence where people can live and work. Last year, Chevron acquired more than 77 acres of undeveloped land in Bridgeland for a possible research and development campus.  “Chevron is attracted to the opportunities Bridgeland has to offer and views this acquisition as a strong addition to our asset portfolio,” Daniel Abate, head of Chevron’s corporate real estate, told the Houston Chronicle.  Discover more about Houston’s neighborhoods and communities.  
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