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2024 Partnership Economic Development Efforts Fuel Business Growth in Houston

Published Feb 07, 2025 by Savannah Tarbet

Skyline of houston texas

Following the success of 2023, the Greater Houston region continued to attract global businesses.

In the fourth quarter of 2024, the Partnership reported a total of 540 new business announcements, with 379 companies expanding their Houston area operations and 158 establishing new operations.

Of the 540 new business announcements, the Partnership and its regional allies assisted 36, creating 5,000 jobs and fueling the regional economy with $1.1 billion total capital investment. Here are a few of the major project wins:

Bionova Scientific

Bionova Scientific is a biologics contract development and manufacturing organization that focuses on developing and manufacturing recombinant protein products. In 2024, the company expanded its research, development and manufacturing operations in The Woodlands Innovation District, funneling 57 jobs with a $100 million capital investment.

Grainger, Inc.

Fortune 300 company, Grainger, Inc. is a leading broadline distributor of maintenance, repair and operating (MRO) products. In 2024, the company broke ground on its 1.2 million-square-foot distribution center. When operational it will be one of the company’s largest facilities to date, will create 300 jobs, and has a capital investment of $225 million.

IC Star Solar LLC

IC Star Solar LLC, a Cambodian manufacturer of PV power generation products, opened  its new manufacturing facility in Tomball in 2024 focusing on the production of solar cells and modules. The facility employs 348 people and boosted the Houston economy with a capital investment of $30 million.

QYK Brands

QYK Brands is the largest manufacturer of wet wipes & methyl methacrylate (MAA) and houses a bio-chemical manufacturing plant that produces 7,000 metric tons per year. The company is establishing a manufacturing facility in the Houston area with approximately 1,000 employees and $400 million in capital investment over the next three years.

TMEIC Corporation Americas

Japanese company, TMEIC Corporation Americas, announced the relocation of its corporate headquarters to Houston and the expansion of its manufacturing capacity in Brookshire. The state-of-the-art photovoltaic (PV) manufacturing facility will develop PV inverters for the U.S. solar market. This project will create 300 jobs and a capital investment of $300 million.

Healgen Scientific LLC

Chinese company, Healgen Scientific, is a leading provider of diagnostic and medical testing solutions. Healgen celebrated the grand opening of their first U.S. manufacturing facility and office headquarters location in Houston. The facility will manufacture tests for COVID-19 and influenza and serve as the central hub Healgen's distribution operations. This project will create 200 jobs and a capital investment of $27 million.

The Partnership works to ensure Houston is a great city to do business and has become a key partner for companies aiming to relocate or expand in the area.

Grow your business in Houston.

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