HOUSTON BECOMES SECOND FASTEST-GROWING CITY IN U.S.
HOUSTON – Houston is the second fastest-growing city in America according to a study by Forbes Magazine. Forbes’ Morgan Brennan writes that Houston owes its growth in part to Texas’ prosperous economy. Southeast Texas offers “robust labor markets, unemployment rates under 6%, no state income tax, a business-friendly regulatory environment,” and a heavily multicultural population that help retail businesses and franchises flourish.
In an effort to help more retail corporations thrive in the city’s growing economy, Houston Mayor Annise Parker is actively recruiting retail companies interested in opening locations in downtown Houston. In January 2013, Parker created the Downtown Houston Retail Taskforce. The taskforce’s “Downtown Means Dollars” campaign aims to increase the number of newly opened businesses and franchises with locations in Downtown Houston by 10% by December 2013.
Watch an Aerial View Video of Downtown Houston
The Greater Houston area has a population growth rate of 2%, and Houstonians make a generous median salary of $70,900 per year. The population is full of voracious consumers with semi-disposable income who are ready to find new places to live, work, and shop. The “Downtown Means Dollars” campaign works to connect willing consumers with the retail companies they love.
Houston’s few government regulations, great economic conditions, and diverse buyer base make opening a store in Downtown Houston a smart move for any retail executive looking to earn a profit.
Visit http://www.houstontx.gov/ to learn more information about the Downtown Houston Retail Taskforce and the “Downtown Means Dollars” campaign.
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