People are moving to Texas, and businesses are building new facilities. That rapid growth is straining resources, particularly water. According to a new report, Texas must invest $154 billion over the next 50 years in new water supply and infrastructure—critical needs to support the state’s expanding population and booming industries. The report from Texas 2036, a nonpartisan public policy think tank, highlights the urgency of this investment. Without reliable water infrastructure, Texas could face the loss of a million jobs and more than $160 billion in economic impact over the next five decades. The report underscores a stark reality: a comprehensive, sustainable funding strategy for water is necessary to keep Texas economically resilient and competitive. Investment Needs The 2022 Texas Water Plan and US EPA initially estimated that Texas would need $132 billion in water infrastructure investments over the next 50 years. However, Texas 2036 has adjusted this figure for inflation, raising the projected cost to $154 billion. While state and federal programs—such as the State Water Implementation Fund for Texas (SWIFT) and the newly established Texas Water Fund—are expected to provide around $40-45 billion in financial support over the coming decades, a significant long-term funding gap persists.   Click to expand Texas 2036 graphic showing cost estimate for water infrastructure needs Dual Challenges According to the report, Texas faces two challenges. First, the state must develop a broad, diversified water supply portfolio to meet the demands of a rapidly growing population and economy while strengthening resilience to future droughts. The water supply gap poses additional risks to the state’s electricity generation, as low water levels during droughts could limit power from natural gas, nuclear and coal plants. Second, aging and deteriorating drinking water and wastewater systems. Over the past five years, nearly 3,000 boil water notices have been issued annually, leaving communities without reliable water service.  Impact on Industries A severe, prolonged drought would have widespread effects on industries across Texas. Manufacturing, a key driver of the state’s economy, is one example.  The top five manufacturing regions—Dallas-Fort Worth, the Greater Houston area, East Texas (Beaumont, Tyler, Lufkin), Central Texas (College Station, Temple, Waco), and South Central Texas (San Antonio, Victoria)—together account for 82% of the state’s manufacturing GDP and 77% of its manufacturing jobs. According to research from Rice University’s Baker Institute for Public Policy, within the next 20 years, these regions could face nearly $20.8 billion in lost manufacturing GDP and over 116,000 job losses due to water shortages during a drought of record. The potential economic fallout underscores the need for immediate and strategic investments in water infrastructure to safeguard key industries and the communities that rely on them. Advocacy at the Capitol  Water infrastructure is one of the executive priorities for the Greater Houston Partnership for the 89th Texas Legislative Session. These priorities serve as a roadmap for the upcoming session, highlighting key areas of interest for the business community. The Partnership supports increased funding for the Texas Water Fund, preferably establishing a dedicated funding stream to ensure long-term, sustainable investments in the state’s water resources.   Learn more about how the Partnership advances strong policy that fosters long-term growth and upward economic mobility for the region.  

Houston Young Professionals and Entrepreneurs (HYPE) provides tailored professional development opportunities for the next generation of business and community leaders at member companies through unique, regular engagements throughout the year and a curated bimonthly newsletter geared towards building their skills and enhancing their leadership potential. Carly Bylund, Vice President at Frost Bank, and HYPE Champion. Bylund shares her insights on the value of HYPE for young professionals and recaps the latest HYPE Summit, an annual conference that connects HYPE members with Houston's top leaders How has your involvement with HYPE helped you build meaningful connections within Houston’s business community? Being a member of HYPE has been a wonderful way to stay connected to the Houston community. Since HYPE is a young professional group, it has been so beneficial to connect with like-minded people in similar career stages. HYPE has made meeting others easy, and it’s been a natural way to build my network. What do you find most valuable about being a HYPE Champion, and how does it motivate you to continue participating in events? As a HYPE Champion, I look forward to seeing familiar faces at every event. It is motivating to be surrounded by people committed to the opportunities Houston presents us with. There is such a diverse group of attendees to every HYPE event that I know I’ll leave each event learning something new about an industry, company, or even Houston itself. Can you share a memorable moment from a recent HYPE event that had a significant impact on your career or perspective on Houston's opportunities? The HYPE Summit was such a fun day! Having the opportunity to hear the stories and advice of successful Houston professionals is invaluable. I especially loved the breakout discussions, where we connected in small groups with each speaker. It was inspiring to hear from people like Trevor Best, CEO, Syzygy, Andrea Alexander, SVP and CHRO, Coterra and Steve Kean, President and CEO, Greater Houston Partnership. How do you think HYPE’s diverse group of attendees contributes to your professional growth and understanding of different industries in Houston? The diversity of attendees at every HYPE event is something I truly value. It creates opportunities to learn something new about a different industry or company every time. I always leave these events with a broader perspective on Houston’s business landscape and new connections that contribute to my personal and professional growth. The HYPE Summit features insights from successful professionals. What was the most inspiring piece of advice or story you heard at the event? I enjoy hearing about people’s specific career paths and how they got to their current positions because success looks different for everyone. One of the most inspiring takeaways was how many opportunities there are for young professionals in Houston to become leaders as we transition across generations. Listening to entrepreneurs like Trevor Best and executives like Andrea Alexander and Steve Kean was truly inspiring. Their stories reminded me that success comes in many forms and often through unconventional paths. It has encouraged me to be open to new opportunities and to think more strategically about how I can shape my own career. HYPE events bring together people from a wide variety of industries. How have these interactions broadened your understanding of Houston’s economic landscape? Every HYPE event I attend broadens my understanding of Houston’s economic landscape. Meeting professionals from different sectors and learning about their companies opens my eyes to new possibilities. These interactions have been a great way to stay informed about what’s happening across industries in the city. Looking ahead, what are you most excited about in terms of future HYPE events and how they contribute to Houston’s thriving young professional community? I’m already looking forward to the next HYPE event! These gatherings are a great way to stay connected, learn from others, and grow my professional network. I’m excited about the future of HYPE because it keeps young professionals engaged and invested in Houston’s success, and that’s something I’m proud to be a part of. HYPE is a member-based program, to subscribe you must be employed at a current member company. Learn more about this program here.