With no state personal or corporate income tax, Houston is consistently recognized as one of the most affordable cities to do business in. After all, there’s a reason 24 Fortune 500 companies base their operations in the nation’s fourth-largest city. The region’s highly-talented, yet cost-effective labor pool, superior transportation network, and proximity to market also contribute to Houston’s competitive business climate.
Houston is home of NASA (National Aeronautics and Space Administration). All mission control and training takes place in NASA’s Houston Headquarters.
Houston is considered by many as the Energy Capital of the World, it is home to more than 5,000 energy related firms.
The Port of Houston Authority is ranked 1st in the United States in foreign waterborne tonnage (19 consecutive years); 1st in U.S. imports (23 consecutive years); 1st in U.S. export tonnage (6 consecutive years) and 2nd in the U.S. in total tonnage (23 consecutive years).
The city has more than 90 foreign consulates, 30 foreign chambers of commerce and trade associations, as well as the 18th foreign government trade representatives and commercial offices further solidify Houston’s reputation as an international business hub. Twenty-two foreign banks representing 12 nations, help streamline international business. In addition, Houston maintains relationships with 17 sister-cities, promoting business opportunities across six continents.
Houston was recently named by the New York Times and The Kinder Institute of Urban Research of Rice University as the most culturally diverse city in America. Houston represents the American way of welcoming immigrants of diverse backgrounds and cultures. Houston is considered as the gateway to Latin America, and it is unique in that it hosts a Vietnamese town, Little India and a Chinatown which is geographically the largest in America.
Just a light rail ride from Downtown, the Texas Medical Center is home to the largest concentration of researchers, physicians and medical professionals in the world. More than 4.8 million patients visit the center’s 49 medical research and academic institutions each year. Houston hosts more heart surgeries than any city in the world. U.S. News and World Report consistently ranks MD Anderson Cancer Center #1 in the world in cancer research and treatment. Other esteemed facilities include Texas Children’s Hospital and Baylor College of Medicine. This area will continue to grow, as new hospitals, clinics, research centers and office spaces-totaling more than $7 billion- are currently being planned.
Houston Top Ranks
- #1 Best Hospitals for Adult Cancer-University of Texas MD Anderson Cancer Center by US News and World Report (2014)
- #1 Most Competitive Metros in America by Forbes (2014)
- #2 Top Cities to Find a Job by Career Builder (2015)
- #2 Top Labor Markets in the US by Forbes (2015)
- #2 Most Inc. 5000 Winners of all Time, Based on Number of Companies by Inc. Magazine (2014)
- #2 Friendliest City in the US by Travel & Leisure (2016)
- #3 in Number of Fortune 500 Headquarters by Fortune (2014)
- #3 Most Friendly to Small Business in the Nation by Thumbtack (2014)
- #4 America’s Fastest-Growing Cities by Forbes (2014)
- #5 The Best Cities for Jobs by Forbes (2014)
- #5 Best Hospital in the World-University of Texas MD Anderson Cancer Center by ontoplist.com (2015)
- #5 Best Large Cities for Job Growth by Newgeography (2014)
- #7 Top Markets for Millennials by Nielsen (2015)
- #7 Best Performing City in the US by the Milken Institute (2015)
- #13 Biggest Economy in the world and 2nd in the US
- Best US City for Real Estate Investment by Price Waterhouse Cooper and the Urban Land Institute (2015)
- One of the 10 Best Cities for Young Entrepreneurs by Forbes (2014)