The Greater Houston Partnership released a story early this year highlighting Houston’s growth. The story covers data included in a report from Oxford Economics indicating that Houston is one of a handful of major U.S. cities expected to see economic growth over the next three years.
Oxford Economics researchers credit Texas’ cost of living and minimal government regulation as factors allowing the state’s major metros to absorb businesses from elsewhere around the country. That economic environment is also encouraging for startups.
According to the report, Houston and Dallas GDP are expected to grow at an average annual rate of 2.4% between now and 2023. That’s second only to San Francisco, where the GDP is expected to increase an average of 2.7% over the next three years.
Read the complete story at www.houston.org