Business Climate|2019 Houston Economic Outlook

Houston has long been recognized among the most competitive U.S. cities for corporate relocation and expansion activity. Houston is the top-ranked metro for Economic Growth Potential in Business Facilities’ 14th Annual Rankings Report, released July 2018. In addition, Chief Executive Magazine (for the twelfth straight year) named Texas the “2017 Best State for Business.” In addition to its diverse industries and educated/skilled workforce, a key factor underscoring Houston’s business appeal is the fact that it is one of the least expensive major U.S. cities in which to conduct business. Significant benefits include the absence of state or city income taxes, no state property tax, as well as a moderate cost of living index. As a major transportation hub with two major airports, a world-renowned port, and superior rail and road infrastructure, Houston facilitates the interconnection of global business locations. Business alliances with major U.S. and international markets are further enhanced by the presence of 90 foreign consulate offices in Houston. As of 2018, Houston still ranks third in the U.S. – following New York and Los Angeles – in foreign consulate representation. Click to read more at