Texas was recently named the top state for capital investment in 2018. It’s the state’s seventh consecutive win given by Site Selection Magazine.
Texas finished last year with more than 600 capital investment projects, including some projects that top the national list. Those include the expansion of Enable Midstream Partners, which is a subsidiary of Houston-based CenterPoint Energy. The new Covestro AG production unit in Baytown, announced in October, was also among the top national, capital investment projects in 2018.
Houston also stood out in the report, coming in at fourth for projects among large metro areas.
Site Selection awarded Texas Governor Greg Abbott their Governor’s Cup for his state’s achievements.
“In Texas, we continue to benefit from teamwork,” Governor Abbott told Site Selection. “This is not driven by the state alone. We have the very best local economic development teams in both urban and rural parts of the state.”
Pursuing capital investment for Greater Houston is one of the primary focal points for Houston Exponential, a nonprofit born out of the Greater Houston Partnership’s Innovation Round Table, Mayor Turner’s Innovation and Technology Task Force, and the Houston Technology Center in 2017.
One of HX’s goals is generating $2 billion in venture capital annually by 2022. In October, HX Venture Fund closed on its first round of capital with $25 million in commitments. The fund—a first of its kind in Houston—aims to appeal to leading venture capital firms to offer their expertise and risk capital to the region and create a pathway for innovation.
Stay up-to-date on what’s happening with the Partnership and Greater Houston region by opting-in to receive information on upcoming events, news, data releases and more.
The Houston Report
