While highly publicized redevelopment initiatives are aimed at adding new uses and activities to downtown and beyond, the office workplace remains the economic engine of the central city, and Central Houston’s Economic Development Program plays an integral role by focusing on factors which are critically important to investors, building owners, property managers, brokers and tenants.
The urban core offers a unique and vibrant business incubation ecosystem, made up of lawyers, consultants, commercial banks, accountants, investment bankers and other firms, providing a dramatic boost to most any type of business, but especially emerging businesses in the energy sector. As the energy capital, this pivotal business district in Houston is not only focused on searching and drilling for oil, but is home to major players in retail, pipeline, energy trading, petrochemicals, oil and gas, exploration and production, wind energy, solar energy, wires and transmissions, electricity generators, construction and marketing for all of these areas.
This hub of industry leaders and pioneers, coupled with the energy support and service industries, yields a population of highly professional and service-oriented workers which is fueling the growth in downtown’s expanding residential, retail and hospitality industries.
Business retention and expansion (BR&E) is the foundation of any sound economic development program, thus, the focus on existing companies is critical to the strength of the local economic base. Studies have shown that the businesses already existing in a community are responsible for up to 80 percent of all net new local employment.
Central Houston’s BR&E program involves working with brokers, property management companies, investors and economic development professional partners. Our team is willing and equipped to assist you and your business with any concerns or opportunities that may arise pertaining to Downtown, from transportation connectivity to talent attraction or employee retention through our marketing efforts, public safety initiatives and more.
- strengthen and diversify the overall economic base;
- generate additional prospects and leads;
- attract international and national corporations;
- continue to be the premier global office destination location in the State;
- influence how Downtown is perceived in the minds of the target audience;
- present Downtown in a competitive manner that is relevant;
- and establish strong relationships with local brokers, site selectors, and business prospects.