Skip to main content

Texas, Houston Earn Top Marks for Business Climate and Foreign Trade

Published Nov 05, 2024 by Shaw Adcock

Skyline of Downtown Houston

Texas and Houston have once again earned top accolades for economic development from Site Selection Magazine, highlighting the region’s attractiveness for business. A survey of business executives also affirmed Texas as the top state for business climate, with Houston listed as one of the “places to grow fast.”  

These rankings are based on the perspectives of corporate decision makers. Criteria for the rankings included the executive survey, 2023 Governor’s Cup rankings, Inc. 5000 companies, total and per capita economic development projects as well as various other Conway Data rankings. In addition to the rankings, a survey of site selectors yielded a list of most important criteria, naming utilities, workforce skills, land and building prices and ease of permitting and regulation. 

The study gave special notice to Chevron’s recent headquarters relocation to Houston, its low-carbon and ammonia production plant in Baytown and the company’s success working with the Texas General Land Office for the largest offshore carbon dioxide storage lease in the U.S. These examples of business expansion reflect the region’s business-friendly environment. 

Texas earned the top state for business climate and top state for FTZ impact, with the Port of Houston being named the seventh-ranked foreign trade zone out of nearly 300 nationally. Texas ranked number one in merchandise received and exports, coming at the top of the list for warehouse and distribution exports and production activity. Much of Texas’s acumen can be traced to Houston, the top exporting metro in the United States – more goods are exported from the Houston metro than New York and Los Angeles combined. 

“The evidence is clear that Texas is a top destination for business, and Houston’s business climate stands as a leader attracting new foreign and domestic investments,” Partnership SVP of Economic Development Craig Rhodes said. “We have the essential foundation for any business to succeed, backed by our robust infrastructure, regulatory environment, a skilled workforce, and a deep understanding of company needs. Here in Houston, we offer an exceptional platform for businesses to thrive and make a meaningful impact both domestically and internationally.” 

This news further underscores Houston as a top destination for foreign trade and investment, along with the 2023 Financial Times-Nikkei ranking as the top U.S. city for foreign investment. With the nation’s busiest port by tonnage, a welcoming culture and regulatory environment, an ambitious workforce and favorable real estate pricing, Houston serves as fertile ground for business to thrive. 

To read further on what makes Greater Houston a top destination for business, visit our Economic Development page

Related News

Economic Development

Houston Day: Bridging Houston and Texas Lawmakers

12/20/24
What does it take to showcase Houston’s extraordinary contributions to Texas? For the Greater Houston Partnership, the answer was Houston Day. The transformative event gave state legislators a firsthand look at the industries and innovations driving one of the most dynamic regions in the country. Over two days in early 2024, 57 Texas lawmakers and other attendees explored Houston’s core sectors, experiencing the city’s impact on the state’s economy and culture. The event wasn’t just a tour but a strategic opportunity to connect lawmakers with the people and industries shaping Texas’ future. A Journey Through Houston’s Vital Sectors The experience began at Port Houston, a hub of economic activity essential to Texas’ position as a global trade leader. Legislators saw the port’s operations up close and learned about the evolution of the Houston Ship Channel, the energy transition, and the Coastal Texas Program’s flood mitigation efforts. From there, the focus shifted to Houston’s renowned space industry. Visits to the Johnson Space Center-NASA and Space Center Houston highlighted Houston’s legacy of innovation and the recent investments fueling the Texas Space Commission. The day concluded with a private dinner at Minute Maid Park, where Mayor John Whitmire underscored the importance of collaboration between local and state leaders. Showcasing Innovation and Heritage The final day of Houston Day spotlighted Houston’s cutting-edge advancements and cultural heritage. At Air Liquide’s La Porte Hydrogen facility, legislators explored groundbreaking technologies driving the energy transition. Later, a visit to the Texas Medical Center’s Helix Park showcased Houston’s leadership in medical research and health care innovation. The event culminated at the Houston Livestock Show and Rodeo, celebrating the rich cultural fabric of Texas. Why Houston Day Matters “I was honored to showcase Houston’s vibrant contributions to the economy, space innovation, and leadership in the medical and energy sectors to my colleagues at the Legislature. It’s no longer just words on a page or something discussed in a committee meeting—they’ve experienced it all.” -State Senator Carol Alvarado. For the Greater Houston Partnership, Houston Day was a resounding success. By connecting lawmakers directly with Houston’s industries, the event reinforced the city’s significance to Texas and laid the groundwork for future collaboration. By the Numbers: 57 legislators and four state agencies in attendance 162 total attendees 180+ miles traveled, covering over $1 trillion in economic impact 20+ industrial and commercial sectors highlighted Eight stops representing approximately $252.5 billion in state investments Houston Day exemplifies how the Greater Houston Partnership brings leaders together to build understanding, foster collaboration, and drive progress for the region and beyond. Learn more about the Partnership's public policy efforts. Download the Partnership's 2024 Impact Report.
Read More
Economic Development

San Jacinto College and CellReady Launch Program to Accelerate Cell Therapy Workforce Development

12/17/24
PASADENA, Texas – The San Jacinto College Center for Biotechnology has partnered with CellReady, a privately held cell therapy contract development and manufacturing organization, to launch an innovative, fast-track training curriculum for new hires in biomanufacturing. This four-week program is designed to significantly shorten onboarding time for manufacturing associates, providing them with concentrated and rigorous hands-on training to jumpstart their readiness to work in advanced cell therapy manufacturing.  Over the course of the program, trainees undergo 160 hours of both theoretical and practical, hands-on learning that cover the fundamentals of biomanufacturing through the operation of advanced workflows. The curriculum prepares new hires for the production of cell therapies, a cutting-edge cancer treatment, using the G-Rex cell production platform. The training, which took place at CellReady’s manufacturing site in Houston, was delivered by San Jacinto College Biotechnology faculty members, in collaboration with CellReady’s training team. “To our knowledge, this is the first collaboration of its kind between a community college and a cell therapy manufacturer to develop an intensive onboarding curriculum tailored specifically for cell therapy manufacturing technicians,” said Dr. Chris Wild, San Jacinto College assistant vice chancellor of biotechnology. “Together with CellReady, we’ve created a path to rapidly train professionals with advanced, hands-on techniques, using the G-Rex cell production platform, which is widely used in the industry today.”  This joint initiative provides clear benefits to all stakeholders. For San Jacinto College, it underscores the institution’s commitment to meeting industry needs with innovative, real-world training.  CellReady gains a streamlined, effective approach to onboarding that enables new technicians to make an immediate impact post-training. At the conclusion of the program, trainees are equipped with the skills and knowledge needed to manufacture cell therapies. Dr. Ignacio Nunez, CellReady’s chief operating officer, was impressed with the training provided and the speed that employees were able to grasp the critical components of the manufacturing process, stating “Thanks to the training program developed and delivered by San Jacinto College and CellReady, we were able to provide our new hires with the essential knowledge and skills to work in a GMP environment. In collaboration with San Jacinto College, we have debottlenecked operator qualification and made great strides toward our mission of bringing more of these life-saving therapies to patients one G-Rex at a time.” “This program not only equips new team members with qualifiable skills to contribute immediately upon completion of the training program, but it also sets a new standard for how training can be delivered in a highly regulated field,” said Dr. Nicole Bradley, program director for the Center for Biotechnology. The program’s success has inspired plans for additional training sessions to onboard future manufacturing professionals at CellReady, further strengthening the relationship between San Jacinto College and CellReady. The training curriculum for cell therapy developed in collaboration with this industry leader will be available as a program offering through the San Jacinto Center for Biotechnology. About CellReady CellReady is the world's first and only G-Rex centric contract development and manufacturing organization (CDMO) specializing in G-Rex based cell and gene-modified cell therapy development and manufacturing. The company offers a wide range of services to support the development and commercialization of these therapies. CellReady's mission is to create hope for cancer patients, one G-Rex® process at a time. About San Jacinto College Surrounded by monuments of history, evolving industries, maritime enterprises of today, and the space age of tomorrow, San Jacinto College has served the people of East Harris County, Texas, since 1961. The College is one of the top 10 community colleges in the nation as designated by the Aspen Institute and was named an Achieving the Dream Leader College of Distinction in 2020. The College is a Hispanic-Serving Institution that spans five campuses, serving approximately 45,000 credit and non-credit students annually. It offers more than 200 degrees and certificates across eight major areas of study that put students on a path to transfer to four-year institutions or enter the workforce. The College is fiscally sound, holding bond ratings of AA+ by Standard & Poor’s and Aa2 by Moody’s.
Read More

Related Events

Executive Partners