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Tech, Innovation, Energy and More: Top 10 Houston.org Stories in '19

Published Jan 04, 2020 by A.J. Mistretta

H_GHP_Downtown_Freeways_2_2019

From a growing population and major tech announcements to what the future holds for the region's core industries, 2019 brought a lot of big headlines to Houston. Here are the top 10 most popular stories on Houston.org in the last year. 

1. Houston Population Expected to Exceed 7.1 Million by 2020

In May, we reported that metro Houston added nearly 92,000 residents in 2018, boosting the region’s total population to just under 7.0 million. Based on the growth rate over the last decade, Houston’s population was expected to exceed 7.1 million by the end of 2019. New Census data on population growth will be released later this spring. read more

2. Houston Still Most Diverse City in the Nation, Report Finds 

A report released in April by the personal finance site WalletHub showed that Houston remains the most diverse city in the nation. WalletHub looked at diversity among the nation’s largest 501 municipalities across five categories: socioeconomic, cultural, economic, household, and religious. The report examines additional factors such as industry diversity, income, age, religious affiliation, education, language, worker class, and marital status. read more

3. Houston in 1969: A Look at the City Then and Now 

With Houston celebrating the 50th anniversary of the Apollo 11 moon landing over the summer, we took the opportunity to compare the Houston of 2019 to the city it was in 1969. With changes in population and core industries as well as major improvements in transportation and trade infrastructure, Houston has evolved into a world class city over the last five decades. read more

4. Why Tech Companies are Choosing Houston 

2019 brought a series of announcements in the tech and innovation space, from new offices of companies like Bill.com to a cluster of new accelerators and incubators that opened their doors. The Houston Business Journal reported in March that a growing cohort of tech companies were being lured to Texas and specifically Houston by factors such as cost of living, quality of life and the ability to attract talent. read more

Rendering of The Ion in Midtown

5. Former Sears to Become Innovation Hub Dubbed The Ion 

Early in 2019, Rice University revealed plans for The Ion, a 270,000-square-foot innovation hub inside a former Sears department store in Midtown. Construction on the project began in July with completion expected sometime in late 2020.  The Ion will bring together entrepreneurs, corporations and academic institutions to collaborate under one roof. In announcing the project, Rice said the goal of The Ion was to support businesses at all stages of the innovation lifecycle and provide resources for Houstonians seeking to participate in the innovation economy. read more

6. Houston No. 1 Among Millennials New Study Finds

A study released in March ranked Houston as the top city in the nation for millennials. The report from Colorado-based strategy firm The Langston Co. looked at how cities rank across dozens of different dimensions, including culture, climate, transportation, and salary potential. Houston came out on top for offering the best overall value, followed by Atlanta, Dallas, Minneapolis, and Austin, in that order. The study surveyed nearly 3,000 millennials across 22 major U.S. cities. read more

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A rendering of the TMC3 design

7. Design Revealed for Much-Anticipated TMC3 Campus 

The Texas Medical Center and its partner institutions revealed a new design for the 37-acre TMC3 campus in May. The massive collaborative healthcare and research campus is expected to break ground in early 2020 just south of the existing TMC footprint. When completed in 2022, TMC3 will bring together Baylor College of Medicine, Texas A&M University Health Science Center, The University of Texas Health Science Center at Houston (UTHealth), The University of Texas MD Anderson Cancer Center and TMC itself within the translational research campus. read more

8. Six Takeaways from Dow Chemical’s Jim Fitterling 

A candid conversation with the CEO of Dow Chemical was the keynote of the Partnership’s inaugural State of Houston’s Petrochemical Industry event in February. Dow’s Jim Fitterling talked about a range of topics, from the impact of China’s growth and industry-diversification in the Middle East to talent attraction and the rise of robotics in the petrochem sector. read more

9. 2018 Record Year for Wind Energy; Texas Leads U.S. 

Houston ramped up discussions in 2019 around the region’s role in energy transition and the effect that transition will have on our core industries. The city hosted the nation’s largest conference on wind energy in May and as well as other industry events throughout the year that touched on renewables. In April, the American Wind Energy Association released a report with the Partnership showing Texas produced nearly a quarter of all U.S. wind energy in 2018, more than any other state. What’s more, wind production nationwide grew 8% in 2018 over the previous year and the industry supports more than 114,000 U.S. jobs. read more

10. Fintech Co. Bill.com Announces Expansion into Houston 

In February, the Palo-Alto, CA-based business software company Bill.com announced it would open a second office in Houston. The fintech company moved into a 25,000-square-foot space in Westchase in September. Bill.com worked with the Partnership in the months leading up to the announcement as the company considered Houston for its new office. The expansion was one in a series of openings and announcements throughout the year that served the bolster Houston’s identity as a growing digital tech hub. read more

See the Partnership's sector-by-sector Employment Forecast for the year ahead and get more perspective on 2019 in the Partnership's Economic Highlights report. 
 

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Report: Houston's Global Strengths Position Region to Navigate Trade Uncertainty

5/1/25
HOUSTON (May 1, 2025)—As evolving trade policies and geopolitical tensions create economic uncertainty in 2025, Houston enters the year with a strong foundation. According to the Greater Houston Partnership’s newly released 2025 Global Houston report, the region led the U.S. in exports last year – shipping $180.9 billion in goods, more than any other metro area. Click to expand   The report, based on 2024 data compiled prior to this year’s policy changes, highlights how Houston’s infrastructure, industrial base and deep global relationships position the region to better navigate trade disruptions.  “As the U.S. seeks fairer trade arrangements, the uncertainty is impacting some long-term investment decisions,” Partnership President and CEO Steve Kean said. “At the same time, we’re seeing increased interest in the Houston metro as a destination for onshoring. Our region enters this period from a position of strength – we’re not only the nation’s top exporting metro, but also a leader in population and GDP growth. Houston is well-positioned to adapt, respond and benefit from global economic shifts.” Notably, the Houston/Galveston Customs District is one of only 10 in the U.S. where exports exceed imports – a reflection of the region’s strong global demand and production capacity. Key Metrics from the Global Houston Report: #1 U.S. Exporting Metro: $180.9B in goods exported in 2024 (3.1% increase from 2023) Record Customs District Tonnage: 432.6M metric tons handled, ranking No. 1 nationally Total Trade Value: $376.3B through Houston/Galveston, ranking No. 4 among U.S. districts Foreign Direct Investment: 81 foreign-owned companies announced plans to relocate, expand or start operations; a 56% increase from 2023 when 52 international projects were announced. (increase is partially due to improved data sourcing) Global Connectivity: 3.1M international passengers traveled through Houston airports (record; a 4.2% increase over the 12.6 million passengers in ’23) 3.4M container units processed at Port Houston (record) Migration-Driven Workforce Growth: Nearly 65% of the region’s 2024 population growth came from international migration Energy Leads in Exports Energy continues to play an outsized role in Houston’s international economy. Oil and refined petroleum products accounted for more than half (52.1%) of all trade value flowing through the Houston/Galveston Customs District in 2024 – totaling $196.1B, with 88% of that volume heading overseas.  According to the U.S. Energy Information Administration (EIA), global oil demand is expected to reach 103.6 million barrels per day in 2025 – a new record, though below earlier projections. At the same time, lower forecasted oil prices and emerging trade barriers could prompt Texas producers to scale back new drilling, potentially reducing export volumes through the Houston/Galveston District. Top 10 Houston Trading Partners in 2024: Netherlands – $31.9B (↑ 23%) | Driven by oil exports amid EU energy diversification China – $30.1B (↓ 7%) | Key supplier of industrial equipment and electronics Mexico – $24.9B (↓ 13%) | Most integrated supply chain partner South Korea – $23.8B (↑ 4%) Germany – $16.9B (↑ 10%) Brazil – $16.8B (↑ 6%) United Kingdom – $15.0B (↑ 6%) Japan – $13.5B (↑ 3%) India – $13.2B (↓ 0.8%) Canada – $11.5B (↑ 22%) About the Report Produced annually by the Greater Houston Partnership’s Research team, the Global Houston Report analyzes the region’s international trade, foreign investment, migration trends and sector strengths. It serves as a key resource for companies navigating an increasingly complex global business landscape. Access the full report, here. CONTACT:           Brina Morales                                                 Sr. Director, Communications     bmorales@houston.org  
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Trade Trends with Netherlands, China and Mexico Reinforce Houston's Global Reach

4/30/25
As the global economy adapts to evolving trade policies and geopolitical tensions, Houston’s international trade performance offers insight into the strength and adaptability of the region’s economy. The Greater Houston Partnership’s 2025 Global Houston report reveals how deep global relationships and sector strengths position the region to weather potential disruptions better than most.  “As the U.S. seeks fairer trade arrangements, the uncertainty is impacting some long-term investment decisions,” Partnership President and CEO Steve Kean said. “At the same time, we’re seeing increased interest in the Houston metro as a destination for onshoring. Our region enters this period from a position of strength – we’re not only the nation’s top exporting metro, but also a leader in population and GDP growth. Houston is well-positioned to adapt, respond and benefit from global economic shifts.” Here’s what Houston’s top three global trading partners reflects about the region's international ties: 1. The Netherlands moves to the top spot for the first time due to energy exports Trade Value (2024): $31.9B | ↑ 23% YoY With the Port of Rotterdam central to European fuel imports, Houston’s energy exports – particularly crude and refined petroleum – accounted for over 80% of Houston’s trade with the Netherlands last year. Europe's shift away from Russian energy further solidified Houston's role in Europe’s energy security strategy. 2. China slips to second, but remains a critical player Trade Value (2024): $30.1B | ↓ 7% YoY Exports to China dropped by a 14.5 percent, particularly in mineral fuels, plastics and organic chemicals. Rising tariffs have introduced uncertainty, but the scale of Houston-China trade reflects deep supply chain integration. China remains vital to Houston’s economy as a top source of industrial equipment, electronics and raw materials for regional manufacturers. Policy shifts could significantly impact local businesses. 3. Mexico holds steady as a regional anchor Trade Value (2024): $24.9B | ↓ 13% YoY Mexico is Houston’s most integrated trade partner, supplying inputs like auto parts, crude oil and industrial materials, while Houston exports fuels, chemicals and steel products. Cross-border trade is a cornerstone of Houston’s industrial competitiveness. Continued collaboration with Mexico will be key to maintaining supply chain efficiency. Key Metrics from the Global Houston Report: #1 U.S. Exporting Metro: $180.9B in goods exported in 2024 (3.1% increase from 2023) Record Customs District Tonnage: 432.6M metric tons handled, ranking No. 1 nationally Total Trade Value: $376.3B through Houston/Galveston, ranking No. 4 among U.S. districts Foreign Direct Investment: 81 foreign-owned companies announced plans to relocate, expand or start operations; a 56% increase from 2023 when 52 international projects were announced. (increase is partially due to improved data sourcing) Global Connectivity: 13.1M international passengers traveled through Houston airports (record; a 4.2% increase over the 12.6 million passengers in ’23) 3.4M container units processed at Port Houston (record) While the Netherlands, China and Mexico are the region’s top three trading partners, they account for only one-fourth of the region’s exports. The balance goes to 220 other countries.  
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