Houston is fun with Major Money Centers

Houston has many major money centers that call Houston home:

Houston is home to Oil & Gas.  According to TXOGA, “In fiscal year 2022, the Texas oil and natural gas industry supported 443,000 direct jobs and paid $24.7 billion in state and local taxes and state royalties, funding our state’s schools, roads and first responders.”   Source: Texasoga.org

Houston is home to the Texas Medical Center (TMC).  According to TMC, “The world’s largest medical complex, TMC has played a pivotal role in shaping the future of healthcare. Today, TMC is on a mission to further accelerate the pace of healing by harnessing our collective expertise in innovation, research, development, production, and patient care within a single, centralized medical ecosystem.  Source: TMC.edu

Houston is home to Downtown.  According to downtown district, “With an electric mix of historic and contemporary infrastructure, convenient transit options, convention and sports venues, an active cultural and arts scene, fine dining and shopping and thriving residential communities, downtown Houston is one of the region’s most dynamic mixed-use urban centers. Today, more than $1.9 billion in new Downtown construction projects are underway and/or in pre-development/design, ranging from residential to hospitality, high rise office towers to exciting new public spaces.  Check out: Downtown Launchpad, home to MassChallenge and gener8tor, two huge startup accelerators, dedicated to giving entrepreneurs startup support.  Source: downtownhouston.org and downtowndistrict.org

Houston is home to Uptown Houston.  According to Uptown Houston with it’s titled,  “RED CARPET TO THE WORLD". Houston’s international footprint is second to none. As one of the most culturally diverse cities in the U.S., Houston is recognized for its unique sense of style and enthusiasm for celebrating culture. Our city embraces the best the world has to offer and nowhere is that more evident than in Uptown. This is where Houston’s diversity creates an international district with beautiful streetscapes, upscale residences, and luxury hotels to welcome a constant influx of travel and shopping destinations that rival any other.  Locals and travelers delight in Uptown’s worldclass restaurant concepts, increasing Houston’s already impressive repertoire as a culinary capital. It is the ultimate urban destination where international business professionals, fashionistas, city dwellers and tourists from around the globe gather for shared experiences.  Uptown Houston is the 15th largest business district in the U.S. with 28 million square-feet of commercial office space, 35 million visitors per year.”  Source: Uptown-Houston.com

Houston is home to Greenway Plaza.  According to GreenwayPlaza.com, “Greenway Plaza is Houston’s premier city center business district, ideally positioned midway between Downtown and Uptown and with direct access to Interstate 69, as well as two of the city’s most sought after residential neighborhoods: West University and River Oaks. The landmark campus, spanning 52 acres, 11 buildings and nearly five million square feet is considered a pioneering example of mixed-use development in the country and was the first project of its kind in Houston. Adding further desirability to the setting are the wealth of amenities within Greater Greenway Plaza and the adjacent Upper Kirby District, including hotels, award-winning restaurants and nightlife, acclaimed retail, upscale multi-family, a 24-screen movie theater, weekly farmer’s market and heavily programmed Levy Park.  Source:  GreenwayPlaza.com

Houston is home to the Energy Corridor.  According to The Energy Corridor District, “The Energy Corridor District is home to the headquarters and regional offices of prominent global firms within the energy sector and beyond, making it the heart and soul of the Energy Capital of the World. A critical Houston economic hub, the District is the prime location for forward-thinking business owners and bold pioneers seeking a community where industry achievement thrives alongside a balanced lifestyle.  Consisting of over 2,000 acres that stretch along I-10 from Kirkwood Road to the west of Barker Cypress Road and extending south along Eldridge Parkway to the south of Briar Forest Drive, the District provides vast space and opportunity for innovators leading Houston’s evolution of energy and beyond.  Source:  Energycorridor.org

Houston is home to Port of Houston / Ship Channel.  According to Port Houston, #1 US port waterborne tonnage, 3.2 million jobs nationwide (1.35 million in Texas), $802 billion in annual National Economic value ($339 billion TX),  38 billion generated in Tax Revenue.   For over a century, Port Houston has served as a strategic leader for the Houston Ship Channel and is instrumental in the City of Houston’s development for international trade. Port Houston owns, manages, and operates eight public terminals along the 52-mile waterway, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country.”  Source: porthouston.com, colliers.com

Houston is home to Industrial Bases.  According to Houston Greater Partnership, “ Houston is one of the most important industrial bases in the world with global access to markets thanks to its central location within the U.S. and the Americas.  There are more than 6,400 manufacturers in the region producing more than $80 billion of products annually.  #2 U.S. Metro for manufacturing GDP,  27 Million Consumers within 300 miles,  230,000 Industrial Employment,  6,400 Total Manufacturers,  $80 Billion+ Value of Manufactured Products.  Houston has global access to markets, and with its world-class infrastructure allows companies to minimize their transportation and distribution costs in North America and Worldwide.  Houston is home to NASA, Johnson Space Center & SpacePort

According to Greater Houston Partnership, “Houston is a city that chooses to take on humankind’s boldest challenges head-on. Our nation’s space dreams launched at Rice University in 1962 and were realized in the years that followed at NASA’s Johnson Space Center. But Houston’s drive to explore did not stop at the moon.

Since the historic Apollo 11 mission in 1969, Houston has grown, innovated and pioneered advancements in many fields of human endeavor. Along the way, we have attracted energetic people from around the world and built a vibrant city that provides opportunity, recreation and community for all who share our vision. Today, some of the sharpest minds in aerospace, life sciences and energy are charting a vibrant future for Houston centered around one of the world’s only truly urban commercial spaceports and a burgeoning commercial space sector.

NASA’s Johnson Space Center has made Houston the epicenter of human space exploration for over 50 years.  Large Economic Impact: $4.61 Billion annual budget, 11,000+ employees (contractors and federal), 90+ active agreements in place with all branches of U.S. Armed Forces.  NASA is a lead center for Life sciences research and application, Astronaut selection and training, Spaceflight mission control and ISS operations, Spaceflight program management, Large-scale spacecraft development, Robotics and Al.

Houston Spaceport is an FAA-licensed, urban commercial spaceport offering unprecedented access to a thriving aerospace community. In addition to serving as a future launch and landing site for suborbital, reusable launch vehicles, Houston Spaceport offers laboratory office space, including technology incubator space and large-scale hardware production facilities.  Source:  NASA.gov, Spacecenter.org, Houston.org

Houston is home to Construction  According to Colliers, “New construction awards in 2022 were up 25% in 2022 vs 2021, with contractors reporting solid pipelines in place for 2023.”  Source:  Colliers.com