DOWNLOAD the Q3/25 New Business Announcements & Expansions

The Greater Houston Partnership reported a total of 178 new business announcements (NBAs) in the Houston area for the third quarter of ‘25.

These announcements represent companies that have either established new operations in the region, relocated company headquarters to the region, or expanded existing Houston-area operations.

PROJECT CATEGORY

The Partnership identified 144 companies that expanded Houston-area operations, between July ’25 and September ’25, another 34 that established new operations in the Houston area. Out of those new establishments, two are headquarter relocations: Electrolit, which manufactures sports drinks, and Wenaas Worldwear USA, Inc., which manufactures PPE, uniforms, and protective footwear.

 

 

To qualify as a “new business announcement,” the project must disclose at least one of the following values: number of created jobs, amount of capital invested, and/or footage of office or industrial space leased. Only a small portion of the new business announcements disclose more than one of these values, however. As a result, the Partnership’s analysis of capital investment, employment, and square footage represents a low-ball estimate for new business activity.

YEAR-OVER-YEAR

Q3/25 logged 178 announcements, a 59.8 percent increase over Q3/24 when 112 projects were announced. Capital investment, estimated jobs, and square footage have also increased. Of the 178 announcements, eight provided information on new jobs, five reported capital investment, and 174 reported new space occupied.

Q3/25 New Business Announcements Summary:

• 178 announced projects
• 8 projects reported 6,195 new jobs
• 5 projects reported $6.6 billion estimated capital expenditures
• 173 projects reported 10.5 million estimated commercial square footage

Q3/24 New Business Announcements Summary:

• 112 announced projects
• 9 projects reported 1,680 new jobs
• 10 projects reported $1.3 billion estimated capital expenditures
• 102 projects reported 7.6 million estimated commercial square footage

ANNOUNCEMENTS BY FACILITY TYPE

The project announcements in Q3/25 fall into five categories: distribution warehouse, headquarters, manufacturing, office, and research and development.

 

 

ANNOUNCEMENTS BY INDUSTRY

Almost a third (31 percent) of the announcements involved companies engaged in manufacturing. This included chemicals, pharmaceuticals, and space satellites.

Wholesale trade accounted for 14 percent of all new project announcements, closely followed by professional, scientific and technical services, which accounted for 13 percent.

 

PARTNERSHIP WINS

The Partnership played a key role in five of the new business announcements in Q3/25. The Partnership’s support included services such as potential location selection, possible incentives for establishing a facility in the area, and market research. These five Partnership-supported projects collectively generated more than 5,345 new jobs, attracted more than $6.6 billion in capital investment, and represented two international companies.

Q3 2025 PARTNERSHIP ECONOMIC DEVELOPMENT PROJECT DETAILS

 

Details on selected Partnership projects:

• • Eli Lilly is an Indiana-based pharmaceutical manufacturing company investing in a $6.5 billion facility to manufacture Orforglipron, its first oral obesity pill, and other small molecule medicines, creating 4,000 construction jobs and 615 permanent jobs.
  • Lunar Outpost is a Colorado-based company building space satellites for NASA.
  • Owens Corning is an Ohio-based building materials manufacturer expanding their Houston presence.
  • Tension Steel Pipe USA is a Taiwanese company building an API oil pipe factory in New Caney on approximately 35 acres of land.
  • TMEIC Corp. is a Japanese company opening a third Houston area manufacturing facility.

 

Methodology

Our methodology involves compiling information from a variety of sources to create our New Business Announcements (NBAs) database. Methods include, but are not limited to, scraping headlines, monitoring alerts, and tapping into several databases. We also include Partnership-assisted projects from our Economic Development Division. Generally, NBAs are projects that meet the qualifying criteria for new and/or expanded corporate real estate facilities, such as having new construction or renovation and meeting one or more of the following criteria: creating 20 or more new jobs, having 5,000 or more square footage, or having an investment of $1 million or more. Retail, educational, government, and other non-commercial facilities do not qualify, but projects creating a headquarters, data center, distribution warehouse, call center, or research and development facility will count.