Skip to main content
Honeywell International Inc. (Nasdaq: HON) moved its Performance Materials and Technologies business division to Houston, the firm announced Aug. 11.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
From the world-renowned Texas Medical Center south of downtown to fine community hospitals in outlying areas, Houston boasts medical facilities and expertise second to none. The TMC is a top destination in the world…