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Texas Dominates Business Attraction, Houston Remains Top Leader
1 Mar 2024
The Houston region has once again ranked third among top U.S. metros for attracting new business, according to Site Selection Magazine's yearly analysis, while Texas earned its 12th consecutive Governor's Cup.
“The Governor's Cups recognize not only the winning governors, but their entire economic development teams, and by extension, the many professionals throughout their states who work every day to attract new investment and retain and grow existing businesses,” said Mark Arend, editor emeritus of Site Selection.
Site Selection identified 1,254 project wins for Texas in 2023, more than doubling the next-highest state, Illinois. With 226 more projects than 2022, Texas saw a 22% increase in projects. The Houston-The Woodlands-Sugar Land MSA won 413 projects, an uptick of more than 150 since 2022. Chicago and Dallas-Fort Worth placed first and second, respectively, in the top U.S. metros category.
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Port Houston has leapt from being the number seven container terminal in the country to number five and it is continuing to grow with key exports including plastics and petrochemicals, along with 60% of the polyethylene resins produced in the U.S. Roger Guenther, executive director with Port Houston Authority, told attendees...
Pasadena, Texas, January 25, 2024 — The Pasadena Economic Development Corporation (PEDC) and the City of Pasadena, TX will break ground on an expansion and renovation of the Pasadena Arena & Convention Center at 10am on Wednesday, February 7, 2024. “We are thrilled to break ground on this project. The citizens...
Image courtesy of LyondellBasell Bayport Polymers PlantHOUSTON, Dec. 8, 2023/PRNewswire/ – LyondellBasell (LYB) today announced it has entered into an agreement to sell its Ethylene Oxide & Derivates (EO&D) business along with the production facility located in Bayport, Texas to INEOS Oxide (INEOS).“This transaction is evidence of our disciplined focus...