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International Cos. Grew Jobs by 21% in Texas Over 5-Year Period, Report Shows

Published Dec 13, 2021 by A.J. Mistretta

Airport International

Foreign companies operating in Texas grew jobs in the Lone Star State by 21% in the five years that ended in 2019, a new report shows. 

The report released earlier this month by the Global Business Alliance trade group shows foreign direct investment (FDI) accounts for more than 678,000 jobs in Texas, with roughly 30% of those in the manufacturing sector. Roughly 1,820 international companies have operations in Texas and firms based in the United Kingdom, Japan and France support the largest number of FDI jobs in the state. 

The 21% increase in FDI employment between 2014 and 2019 outpaced overall private sector employment in Texas, which grew by just 12% during the period. International companies account for about 6.2% of the state’s total employment, higher than the U.S. average of 5.9%, the report shows. 

Nationwide, FDI supported 69% of the new manufacturing jobs created in the five-year period. Overall FDI employment in the U.S. increased 20%, compared with a 9% increase in private sector employment. Firms from Japan, Canada, Germany, the U.K. and France lead the way in foreign direct investment in the U.S. 

With two international airports and the nation’s No. 1 port by tonnage, Houston is Texas’ global gateway. Roughly 1,700 firms operating in the region report foreign ownership and 92 countries have a consulate or other official government representation here. Nearly $197 billion in trade moved through Houston in 2020. 

In March, Houston ranked No. 19 on the Global Cities of the Future list from fDi Intelligence. Houston was one of only two U.S. cities on this year’s list, which ranks major global cities based on foreign direct investment. 

Learn more about international business in Houston

 

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City of Houston, Greater Houston Partnership Lead Mission to France to Grow Business and Cultural Ties

6/27/22
HOUSTON (June 27, 2022) - The City of Houston and the Greater Houston Partnership are leading a trade and investment mission to Paris, France this week.  The mission will focus on promoting Houston as a leader in innovation, energy transition, and education while enhancing key government and business relationships between the Houston region and Paris.  Targeted business sectors include energy and innovation with ties in Houston and France. The delegation has several scheduled meetings with high-level government officials and representatives.  The Houston-Galveston Customs District is the fourth busiest gateway for U.S.-French trade, and France is Houston's sixth-largest European trading partner. From 2012 to 2021, trade between Houston and France averaged $4.2 billion annually and was valued at $5.5 billion in '21. "Our priority is to build a more robust trade relationship between Houston and France, and this trip is an essential mission to enrich Houston's ties with France and explore new business opportunities that will enhance our local economy with jobs and investments," Mayor Sylvester Turner said. "As a city of innovation, we value France - based businesses with established operations in our city and welcome others to explore the opportunities for investment, business development and tourism available in Houston. Our delegation will expand on Houston's global city status that makes Houston strong and unique." Mayor Sylvester Turner, who was scheduled to lead the delegation, will remain in Houston to attend to a personal matter. Vice Mayor Pro-Tem Martha Castex Tatum, who chairs the City Council Economic Development Committee, will handle business meetings and cultural events scheduled during the weeklong mission. "I am excited about the opportunity to represent Houston in Paris officially. The mission will put Houston in the international spotlight, capturing our city's role as a leader in innovation, aerospace, energy transition, and education. When we position ourselves to build international business ties, the entire city can potentially benefit through jobs and growth in our economy," said Vice Mayor Pro-Tem Castex Tatum. On Monday, the delegation joined Valerie Baraban, the Consul General of France in Houston, on a tour of the Musée d'Orsay. The museum's leadership visited Houston in 2019 to build local relationships. The delegation also attended a Bilateral Business Trade and Investment Forum with the Paris Chamber of Commerce. They spoke about Houston leading in startup ecosystems throughout the energy and medical sectors. The first day of the trade mission will end with a meeting with the Deputy Chief of Mission at the U.S. Embassy to discuss energy, technology and trade between Houston and Paris. "As Houston works to lead the global transition to an energy-abundant, low-carbon future, the exchange of ideas and information with innovative cities around the world is critical," said Susan Davenport, Chief Economic Development Officer at the Greater Houston Partnership. "We are excited to lead a business delegation alongside the City of Houston that will get the opportunity to see first-hand what is happening in energy and innovation with organizations in Paris. As the leading export market in the U.S. and a major hub for foreign direct investment, international business is a significant and growing part of our economy, and we look forward to productive meetings that we hope will spur further investment and trade activity for our region."  Houston's Business Ties with France  Twenty-five Houston firms operate 46 subsidiary locations in France, including Baker Hughes, Hines, Huntsman, NOV, and Schlumberger. Sixty-three French firms operate 112 subsidiaries in the Houston area, including Air Liquide, Arkema, EDF Trading North America, Engie North America, and Total Petrochemicals & Refining. Trade and cultural relationships with France are facilitated in Houston through the Consulate General of France, the French American Chamber of Commerce, the French Trade Commission (UBIFRANCE), the French Alliance, and the Texan French Alliance for the Arts. Three of Houston's 16 foreign-owned banks are from France: Credit Agricole Corporate and Investment Bank, Natixis, and Société Générale. Nice, France, was designated as one of Houston's 19 international sister cities in 1973, More than 3,100 people living in metro Houston were born in France. The delegation also has scheduled a tour of Interstellar Labs, a visit to Station F, the world's largest startup campus, a meeting with Total Energies, and will attend the opening of Rice University's first international campus, the Rice University Paris Center, with Rice President David Leebron and Provost Reginald DesRoches, who will become Rice's president in July. The  delegation includes City Council Member Karla Cisneros, Pierre Bang, President and CEO, Total Energies, Jean-Loup Chrétien, retired astronaut and Tietronix Vice President of Research and Development, Alex Condon, CEO, Galen Data and Scott Gale of Halliburton, among others. Learn more about Houston's international business ties. 
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