Houston Economic Update – March 2013
The Houston-Sugar Land-Baytown Metropolitan Area grew faster than any other major metro area in 2011, according to data released recently by the U.S. Bureau of Economic Analysis (BEA). Houston’s real gross domestic product (GDP) grew 3.7 percent in 2011. U.S. real GDP grew 1.8 percent for the same period.
Texas regained the Govenor’s cup from last years winner Ohio in the annual award from Site Selection magazine to the state with the highest number of qualified capital investment projects the previous calendar year. Leading the way for Texas was Houston who led all metropolitan areas with 325 facility deals in 2012 edging out Chicago with 311. Dallas-Fort Worth ranked third with 224 facility deals
While Houston has its share of challenges, its hard not to be grateful to live in this city. Yes Houston, its all good.