HOUSTON. AN ECONOMIC POWERHOUSE.
The Houston Market Office was established in 2009.The local team is responsible for Houston, San Antonio, Austin, and the Texas Border.
Houston is the sixth largest city in the United States with approximately six million residents in the metropolitan statistical area (MSA). It is home to a thriving business economy that is growing rapidly due to its strong ties to energy, petrochemical plants and manufacturing. This city is also a major corporate hub, with 26 Fortune 500 companies, ranking it third in the United States. Additionally, 40 foreign governments maintain trade and commercial offices in the city. Information Technology (IT) is also a major contributor to the economic success of Houston, housing the operations of more than 1,000 computer related companies. Besides a diversified economy, Houston benefits from an international port. The Port of Houston is home to a $15 billion petrochemical complex; the largest in the U.S. and the second largest in the world. Roughly 100 shipping lines offer service between Houston and 1,053 ports in 203 countries. The new Bayport Terminal and the older Barbours Cut Terminal are poised for significant growth as the expanded Panama Canal opens to 12,000 TEU (20-foot equivalent unit) container ships.
AUSTIN. THE SILICON HILLS.
As the capital of Texas with a population of almost 2 million people, Austin is the 4th largest city in the state and has evolved to be the cultural and technological hub of Texas. Thousands of graduates each year from the University of Texas provide a steady source of employees to fuel Austin’s technology sector and earned it the nickname of Silicon Hills. Companies with operations in Austin include 3M, Apple, HP, Google, Cisco, Flextronics, Intel and Xerox that contribute to the $86 billion gross domestic product of the city. Austin is also well connected transportation wise with I-35 running through the city and is one hour away from San Antonio, two hours from Houston, and three hours from Dallas/Fort Worth.
SAN ANTONIO. THE ALAMO CITY.
With a metropolitan population of over 2 million people, San Antonio has been one of the fastest growing cities in America over the last two decades due to a strong local economy driven by low taxes, a business friendly environment and its strategic location in Texas. Interstates 35 and 10 put San Antonio in the Texas Triangle within four hours of the cities of Houston, Dallas and Mexico. Like most of Texas, oil and gas is a major industry, but the economy also benefits from military, healthcare, financial services and tourism. Five Fortune 500 companies are based here including USAA, Clear Channel Communications and the energy companies Valero, Tesoro and NuStar.
EL PASO. HUB FOR U.S./MEXICO TRADE.
The city of El Paso is the U.S. component of the largest and most important twin-plant operations hub along the U.S./Mexico border. Located along the Mexico border opposite the city of Juarez, manufacturing and resulting trade make the border crossing one of the busiest in the U.S. In addition to trade, El Paso also has a diversified economy which includes military, government, oil and gas, and health care. Many Fortune 500 companies have a presence in El Paso including AT&T, Boeing, Helen of Troy, Raytheon, and Western Refining. Additionally, the large military presence at Fort Bliss, William Beaumont Army Medical Center and Biggs Army Airfield provides over $6 billion in annual impact to the city’s economy.
LAREDO. EPICENTER OF U.S. AND MEXICO TRADE.
Laredo's principal economic driver is cross-border logistics, and Laredo is, by far, the most important U.S./Mexico trade gateway due to geography, history, and both transportation and business infrastructure. More than one-third of all commercial trucks coming into the U.S. from Mexico cross at Laredo. Laredo is at the heart of the North American auto corridor where a vast amount of automobile parts and raw materials travel in both directions for assembly in all three countries. As a result of the cross-border logistics activity, Laredo has very busy intermodal facilities (rail-truck) as well as an active airport for air cargo. Laredo also benefits from drilling at the Eagle Ford Shale formation which is found in 20 counties in South Texas.
MCALLEN. FROM AGRICULTURE TO INTERNATIONAL TRADE.
From its beginnings as an agricultural hub, McAllen has evolved into a city fueled by the twin-plant operations with Reynosa and the resulting international trade. With a total value of international trade over $25 billion annually, McAllen is one of the most important border crossings for trade with Mexico. McAllen has strong business fundamentals that include favorable wage levels, a bilingual workforce and a low cost of business. Primary industries that drive the economy include electronics, automotive parts and re-manufacturing and warranty work that occur on both sides of the border.
- MARKETS SERVED
Houston, San Antonio, Austin, Texas Border
North Houston, Northwest Houston, Northwest San Antonio, Northeast Austin, El Paso, Laredo, McAllen
- SQUARE FEET DEVELOPED TO DATE
- NUMBER OF BUSINESS PARKS