Sequestration Update
About HAS » Plans & Regulatory » Economic Development

Economic Development


Houston is nationally and internationally recognized as a center of energy production, financial investment, biomedical research/nanotechnology, software development, and cargo transportation and distribution.

Houston has a diverse population, including the fifth largest Hispanic community in the United States, and the largest in the State of Texas. Houston also has the 9th largest Asian population in the country, including Chinese, Taiwanese, Vietnamese, Japanese, Koreans, Asian Indians, and Pakistanis. With 5 million residents, Houston has a rich culture of multiple international backgrounds, including people from 100 different nationalities who speak 90 different languages. Overall, Houston's foreign born citizens account for 13% of the city's population.

Furthermore, Houston's economy is one of the strongest in the nation which is reflected through the robust real estate market, projected reductions in unemployment, and a national projected inflation rate of approximately 2 percent. In addition, the Houston Metropolitan Area is home to over 3,500 international companies, 23 fortune 500 companies, 21 foreign banks, over 900 freight forwarders, and 86 foreign consulates. International jobs make up 38 percent of Houston's 2.3 million job economy.


George Bush Intercontinental.
Houston Airport System

The Houston Airport System is one of the leading hub airports and international gateways to the United States. In passenger volume, the Houston Airport System ranks fourth nationally and sixth worldwide. The Houston Airport System, which includes George Bush Intercontinental Airport/Houston, William P. Hobby Airport, and Ellington Airport, provide an outstanding array of choices for access and airlines.

 
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