February 13, 2013
FOR IMMEDIATE RELEASE
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 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.
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.
“We are committed to creating a better Downtown experience for the new families moving to the Greater Houston area,” said Mayor Parker. “As Houston’s economy continues to thrive, we want to make sure that our city’s small business owners and our national retail partners thrive with us.”
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
“We want to build on the tremendous growth that our area has seen in the last year, and we want to continue to make our city more prosperous,” Mayor Parker said.
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.
See what people are saying about Downtown Houston:
The Downtown Retail Task Force was created in January 2013 by mayor Annise Parker. The task force will report to Andrew F. Icken, Chief Development Officer for the Mayor, and will be chaired by Fred Griffin of Griffin Partners. Members include Eury; Jonathan Brinsden with the Midway Companies, owner of Houston Pavilions; George Levan, President of Crosspoint Properties; Doug Kelly with 1110 Main Partners LP; The Finger Companies’ Marvy Finger; Dawn Ullrich, President of Houston First Corporation; Ed Wulfe of Wulfe & Co; and Xavier Pena and Deborah Keyser of the Downtown Redevelopment Authority.
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Contact Information:
Lindsay Buchanan
Cell: 713-269-0667
E-mail: lindsaybuchanan10@gmail.com
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