The TEDC also approved nine grants in the 2021-22 fiscal year.
Fire departments in the Cy-Fair area are adapting to staffing challenges as the number of volunteer firefighters has declined over the past three years while the annual number of responses by each department serving Cy-Fair have increased.
Barriers to accessing and paying for health care have led to higher rates of maternal mortality in Texas than other parts of the U.S., experts said, with Black women and women older than age 35 facing the highest risks.
More than two years after the coronavirus pandemic first hit the Greater Houston area in March 2020, food banks are still struggling to meet the growing demand for their services as volunteers are slow to return and donations become scarce.
Educators in Tomball and Magnolia are expanding opportunities to prepare students for local workforce needs with new career and technical education pathways and postsecondary programs launching this fall as well as the Lone Star College-Magnolia Center in the works.
From 2021-22, the average market value of properties increased 21% and 29.8%, respectively, in Harris and Montgomery counties, according to data from the counties. In comparison, the average market value for properties has risen no more than 15.4% year over year within Harris County and no more than 11.2% in Montgomery County in the years prior since 2010.
It has been over two years since the COVID-19 pandemic started in the Houston area, and Bay Area business owners said they continue to feel the effects on supply chains, inflation and labor shortages.
Patrick Jankowski from the Greater Houston Partnership provided an update on the economic status of the Houston metro and provided insight into recent claims of impending recession.
The average market value of properties in Montgomery County spiked 29.8% from 2021-22, according to data from the Montgomery Central Appraisal District. In comparison, the average market value for properties with homestead exemptions has increased no more than 11% year over year in Montgomery County since 2011.
While Greater Houston-area employment has been rising since early 2021 and the price of oil has spiked in recent months, local oil and gas jobs—particularly in manufacturing—have dawdled behind, industry experts said.
The city of Pearland is seeking to connect and aid local business owners and entrepreneurs.
Despite inflation, rising gas prices and increasing property values straining Houston residents’ wallets, the Bay Area’s economy is in a great spot, said Dan Seal, executive director of special initiatives for the Bay Area Houston Economic Partnership.
Market Street officials have announced new openings for vacancies that have occurred in the past two years, including a new entertainment venue, retailers and high-end restaurants.
Lance LaCour first joined Partnership Lake Houston, which functions as a chamber of commerce and economic development entity in the Lake Houston area, as its president of economic development in November before being appointed CEO in January.
A local look inside business supply chain challenges
Developers in the Cy-Fair area have seen an increase in demand for multifamily housing as single-family homes are quickly taken off of the market. Real estate experts said apartment complexes have taken advantage of this opportunity and increased rent prices, which is starting to impact the pocketbooks of renters.
A brand new proximity between Houston Community College-Katy and University of Houston-Victoria at Katy is expected to not only benefit the student community, but also provide an economic boost on the local workforce in Katy, local officials said.
Every fall, taxing entities across Texas plan their budgets for the coming fiscal year, a process that involves setting the tax rate based on how much money staff thinks the entity will need. A new state law going into effect Jan. 1 has complicated the process for cities, counties and taxing districts this year.
The city of Jersey Village plans to embark on several major capital projects over the next few years that city officials said are intended to refresh the city’s look and boost its reputation.
The city of Humble approved an increased budget for fiscal year 2019-20 to fund mobility and infrastructure improvements. Humble City Council approved the FY 2019-20 budget on Sept. 12 that includes a $113.53 million total operating expenditure for FY 2019-20—a 1.7% increase from its $111.62 million budget for FY 2018-19.