The Latest Houston Business News You Need To Know
Houston has been home to a bustling business community for years, and keeping up with the latest news and trends is essential for entrepreneurs and professionals in the city. From the oil and gas industry to the booming tech sector, there’s always something new and exciting happening in Houston’s business world. In this article, we’ll take a closer look at some of the latest Houston business news you need to know.
Big Players in the Energy Industry continue to Invest in Houston
One of the biggest and most well-known industries in Houston is energy, and some of the biggest players in the industry continue to show their faith in the city. In October 2021, energy giant ExxonMobil announced it was investing $250 million in the Houston area to expand their research and development center. The investment will create hundreds of new jobs for the city and bring further investment into Houston’s already thriving energy sector.
The Tech Sector in Houston is Booming
Houston’s tech scene has been experiencing a boom in recent years. In 2019, Houston was ranked second in the country for technology job growth, beating out cities like San Francisco, Seattle, and Austin. Houston’s tech scene is home to some of the biggest names in the industry, including Microsoft, HPE, and Amazon. In 2021, the city was also named the home for Microsoft’s new innovation hub – the Microsoft Experience Center. The center will support the company’s cloud computing division among other things and will create hundreds of new jobs in the city.
Houston Housing Market is Hot
Houston’s housing market has been heating up over the last few months, and it’s showing no sign of slowing down. According to data from the Houston Association of Realtors, single-family home sales in Houston grew by 27.4% in September 2021 compared to the same month in 2020. Additionally, the average home price in Houston rose by 17.4% during the same period.
Sustainability is becoming a Top Priority
As sustainability becomes an increasingly pressing concern for citizens worldwide, Houston is no exception. The city is taking several measures to improve its sustainability, with the aim of reducing greenhouse gas emissions and conserving natural resources. In 2021, Houston was ranked as one of the top cities in the US for solar power, with over 308 megawatts of solar capacity installed within the city. The city is also investing in alternative transportation, with plans for a new bus rapid transit system and several new bike lanes.
Conclusion
Houston’s business community is alive and well, with various industries, including tech and energy, continuing to thrive. It’s vital for professionals and entrepreneurs to stay on top of the latest trends to stay competitive and advance their careers. By investing in renewable energy, embracing technological advancements, and supporting local businesses, Houston’s business ecosystem shows no signs of slowing down anytime soon.
