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Partnership reports 26 economic development gains in 21

Despite the ongoing challenges of the pandemic, the Houston area continued to see domestic and international business expansions and relocation activity in 2021. The Partnership and its regional allies assisted with 26 economic development projects, representing more than $922 million dollars in capital expenditures and more than 2,900 new jobs in the region.

These include:

  • eagle managementan American manufacturer of high-quality PPE and a health technology company, has announced that it will open a manufacturing plant in Brookshire.
  • Archaea Energyone of the largest producers of renewable natural gas in the United States, is moving its headquarters to 40,000 square foot office space in Houston.
  • Capsule, a leading New York-based digital pharmacy, will expand to Houston with a hub for its pharmacists, pharmacy technicians and delivery drivers. The company plans to grow its local team to more than 100 employees over the next year.
  • Chewy.coman online retailer of pet supplies, expands its distribution network with a 700,000 square foot facility in Houston.
  • Dayton Street Partners, a Chicago-based real estate investment firm, has acquired a 500,000 square foot logistics center in northeast Houston. The company plans a multimillion-dollar renovation of the terminal and the development of an additional 25 acres.
  • First Bank of Taiwan, one of the world’s leading banks, opened its first branch in Houston. It is the first Taiwanese bank to establish itself in Texas. The Houston branch will provide a full range of financial services to meet the operational needs of Taiwanese companies overseas.
  • Fluidity analysisa company-backed startup that provides patented process analytics and control solutions to polymer and biopharmaceutical manufacturers, announced the move of its headquarters from New Orleans to Stafford, Texas, with more than 5,600 square feet of office, manufacturing and laboratory space.
  • Haldor Topsoea world leader in catalysis and process technology based in Denmark, will build a 15,000 ton per year hydrotreating catalyst plant at Bayport’s existing production site in Pasadena, Texas.
  • Han lasera Chinese national supplier of laser equipment, has opened an office in Houston that will support its marketing, R&D, assembly plant and more.
  • Pipe Hobas United Statesan Austria-based global piping systems manufacturer, is expanding to the Houston area with a facility that will support three new product lines.
  • Honeywell International Inc. moved its Performance Materials and Technologies business division to Houston, bringing the company’s workforce in Houston to more than 850 employees. Honeywell also plans to open a new Customer Center of Excellence on the CityWestPlace campus to showcase its technologies aimed at improving efficiency and profitability for industrial customers.
  • JPMorgan Chase, returned to its namesake building and downtown Houston’s tallest tower, with a 250,000 square foot lease. The bank is planning a major renovation of the building’s lobby, outdoor plaza and amenities. As part of the move, JPMorgan Chase will relocate its Houston Technology Center, which employs more than 1,500 people.
  • Neurogenica biotechnology company focused on genetic drugs for patients with rare neurological diseases, announced plans to convert a 19,000 square foot building into a manufacturing facility to support research and development efforts.
  • The Financial Times and Nikkei open the first joint office of their international editorial network in Houston to strengthen coverage of the energy industry.
  • NRG Energya Fortune 500 energy company with 3,000 local employees, announced it had designated Houston as its sole headquarters with plans for continued expansion.
  • ProDevice Corp.a leader in modern storage media data destruction technologies, announced an expansion to Houston with an office that will manage the company’s North and South American operations.
  • Puro Bioplasticsa New York-based sustainable bioplastics solutions provider, is setting up manufacturing operations at a 20,000 square foot facility in Houston.
  • Quantum Servicesa Houston-based company, a leader in specialized contracting services for the energy industry and others, will expand its headquarters.
  • Sourcepoint Mortgagea leader in mortgage business process management services, expands to Houston with a 35,000 square foot office.
  • Flow Floa Canadian manufacturer that supports the oil and gas industry, said it will expand to Houston to support manufacturing of a new line of products.
  • Super Cementa company based in the United Arab Emirates, is going to build a green cement factory in Houston intended to reduce the greenhouse effect.
  • Talaris Therapeutica Kentucky-based biopharmaceutical company, opened a research center in Houston to focus on process and assay development.
  • Texas MedPlastan Argentinian manufacturer of PPE products, opened a manufacturing plant in Houston.
  • Transoceana leading international provider of offshore contract drilling services, develops and updates technology and software platforms used with offshore rigs and mobile fleets on the Houston Gulf Coast.
  • UPSa global leader in distribution and logistics, will replace its existing Houston facility with a state-of-the-art 660,000 square foot packing and sorting facility.
  • Recycled products of the worlda California-based company that has developed proprietary technology to utilize recycled products, recently opened a 34,000 square foot facility in Waller.

The Houston area further cemented its position as America’s top metropolis for business relocations and expansions, with a total of more than 231 projects announced. Of those projects, 24% disclosed jobs related to the announcement, or more than 10,520 jobs, and 15% disclosed capital expenditures totaling $3.4 billion.

Learn more about the Partnership’s work in economic development and other areas of interest in the Annual report 2021.

Tags : united states
Rodney N.

The author Rodney N.