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Bayou Business Download: A Full Houston Recovery

Published Jun 09, 2022 by A.J. Mistretta


Main Street in Downtown Houston

In this episode of Bayou Business Download, we talk about the impact of the most recent jobs report and what it tells us about our economic recovery post-COVID. We also discuss new figures from the U.S. Census that tell us the City of Houston is losing population much like other major municipalities around the country.

We also look at: 

  • How Houston's economic recovery compares with other major metros 
  • What the rest of the year looks like in job growth 
  • Why city-specific population growth is key to overall economic health 
  • Debunking the myth that Houston is close to overtaking Chicago as the nation's third-largest city 

 

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Fifth Third Bank

 

 

 

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Digital Technology

AWS Skills to Jobs Tech Alliance Expands to Texas

7/25/24
[PRESS RELEASE] - The tech industry in the state of Texas is booming, with a growing demand for skilled workers in Cloud/IT support, software development and data analytics. According to LinkedIn, there are over 8,000 tech jobs currently unfilled in the state of Texas. To address this talent gap, AWS Skills to Jobs Tech Alliance is expanding into Texas with support from key collaborators across industry, education and government with the goal of helping to modernize tech programs of study at higher education institutions, connecting learners to in-demand tech jobs and supporting the development of a highly-skilled tech workforce in the Lone Star State. "As the pace of technological change advances in every market, the need for a globally diverse, digitally skilled pipeline has never been more important. The expansion of the AWS Skills to Jobs Tech Alliance into Texas further demonstrates our commitment to bring together government, education, industry and nonprofits to address this critical need and enable future economic growth," said Valerie Singer, AWS Global Education Lead. The initial launch of the Tech Alliance in Texas focuses on the Houston and Dallas metropolitan areas. These two major hubs are home to a diverse array of employers seeking tech talent and a robust system of educational institutions ready to prepare the next generation of Cloud and IT professionals. This launch represents a critical step in addressing the talent gap in the state's tech industry. Four of the state's higher education institutions have come together as part of the region's initial launch: Texas State University Houston Community College Dallas College Kilgore College Several of the state's most innovative companies will collaborate with AWS to identify talent needs, provide real-world learning experiences for students and hire qualified candidates into tech roles. These employers include Brooksource Corestack DLZP Group JP Morgan Chase Tanches Global Management TEKsystems "JP Morgan Chase has been deeply ingrained in the Texas community for more than a century and a half, tracing its origins back to the First National Bank of Houston," said Stacey Laurent, Vice President and Lead Technical Program Manager for JP Morgan Chase. "We prioritize investing in our community's individuals. As proud members of the AWS Skills to Jobs Tech Alliance, we eagerly anticipate contributing to the worldwide movement that revitalizes tech education and fosters a diverse, skilled pool of talent, enriching the landscape of Texas. Diversity stands as a cornerstone of our values at JP Morgan Chase; it is essential for fostering innovation and progress." Recently, Texas has been recognized for its innovative approach to aligning education policy to its economic goals. Central to these policies is the push to ensure post-secondary programming leads to high quality career pathways for Texans. This alignment of education, workforce and economic development goals fits perfectly with the goals of the Tech Alliance and provides a unique partnership opportunity with the state. To ensure that the program continues to amplify the state's priorities, AWS will work closely with the Texas Workforce Commission and the Texas Economic Development Corporation. AWS has a long history of collaborating with organizations in Texas to advance workforce development and skills attainment initiatives. Participation in the Greater Houston Partnership's UpSkill Houston Executive Committee and the Dallas Regional Chamber's Board of Directors has helped position AWS as a regional voice in workforce and economic development. These organizations, along with Alcantar Strategies, will partner with AWS to leverage their extensive networks and community connections to promote Tech Alliance programs and connect learners to opportunities. Through its employer-led UpSkill Houston initiative, the Greater Houston Partnership has invested heavily in advancing the skills and opportunities for Houstonians, ensuring employers have the skilled talent they need to grow and compete," said Peter Beard, Senior Vice President of Regional Workforce Development for the Greater Houston Partnership. "Collaborating with AWS as a member of the AWS Skills to Jobs Tech Alliance will amplify the work we are already accomplishing in Houston and advance the alignment of our talent pipelines to in-demand technology jobs in all industries." "The Dallas Regional Chamber is focused on improving the education, talent and workforce pipeline to support a high-quality life for all people in the Dallas Region," said Elizabeth Caudill McClain, Senior Vice President of Talent Strategies at the Dallas Regional Chamber. "The launch of the AWS Skills to Jobs Tech Alliance poses an exciting opportunity for business leaders across Texas to join together to address the skills gap for high-demand IT jobs while also supporting the economic mobility of Texans - a win-win for the future of our companies and communities." AWS launched the Tech Alliance in June 2023 at the DC Public Sector Summit, bringing together a global coalition of higher education institutions, employers, government and collaborating organizations to address the tech skills gap. The Tech Alliance is currently represented in nine countries (USA, Egypt, Spain, Singapore, Italy, Germany, India, Colombia and Brazil), with four other US states engaged (New York, Illinois, Washington and West Virginia). Since its global launch, the Tech Alliance has connected more than 23,000 learners from over 900 higher education institutions with over 350 employers. To learn more or get involved, please visit the AWS Skills to Jobs Tech Alliance homepage.
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Education

Houston Investing in Its Future Hydrogen Workforce with New Development Strategy

4/22/24
Update 7/17/24: Read the white paper. Addressing a growing skills gap by closing economic disparities will be critical as Houston’s hydrogen economy grows. To address this opportunity, the Greater Houston Partnership's UpSkill Houston initiative, Accenture and the Center for Houston’s Future (CHF) have launched a new workforce development initiative that aims to help people in disadvantaged communities (DACs) secure good jobs in the emerging hydrogen economy by bridging the skills gap through training and skill development. According to the executive summary, the strategy will target high-demand and good-paying, middle-skilled hydrogen jobs through a skill-matching process based on skill transferability, among other factors, as well as tailored learning journeys that will provide pathways from education to employment. This will require collaborating with key stakeholders across the hydrogen economy, including local industry employers, educational institutions and nonprofit organizations. The list of partners includes Air Liquide, Chevron, bp, Bloom Energy, Calpine, Dow, HIG, Linde, Shell, SLB, Brazosport College, Houston Community College, Lee College, Lone Stage College, San Jacinto College, United Way of Greater Houston and Gulf Coast Workforce Solutions. The learning journeys will help people increase their earning potential and provide career stability by having direct access to the hydrogen sector. “The future growth of the hydrogen industry in Houston and the Gulf Coast provides the region with the opportunity to collaborate with business and industry to rewire the talent pathways into the hydrogen sector and increase economic mobility and opportunity for residents of communities historically underserved.” - Peter Beard, SVP, Regional Workforce Development The consortium aims to work with community stakeholders and educational institutions to align career and technical education (CTE) in high schools with dual credit in community colleges. The ongoing collaboration with colleges and school districts will also support the development of shorter-term programs for adults.  The new initiative follows the U.S. Department of Energy’s selection of the Gulf Coast as one of seven regional clean hydrogen hubs, with operations centered in Houston. Brett Perlman, President of the Center for Houston’s Future, says employers must implement inclusive workforce strategies to fill the skills gap and mobilize a sustainably scaled workforce by recruiting talent throughout the community. Accenture’s research has found a high degree of jobs will be needed for hydrogen with highly correlated skills from other occupations and industries already in place. “Making this happen requires being very purposeful about the intersection of these opportunities and... working across the ecosystem,” said Mary Beth Gracy, Houston Office Managing Director of Accenture, during a stragey presentation. The findings also predict a steady rise in middle-skill jobs within Houston’s clean energy hydrogen economy over the next five to 10 years, especially in carbon capture and storage (CCS), as well as consistent growth in manufacturing, application, storage, distribution and production as demand and technology advances. Robert Nunmaker, General Manager – Hydrogen, USGC & Europe at Chevron, echoed the report's conclusions. "This region plays a key role in supplying lower-carbon hydrogen and ammonia, which will require a skilled local workforce that will be positioned to execute these projects.” According to research conducted by McKinsey and CHF, Texas - and the Gulf Coast region as a whole - are already the nation’s largest hydrogen producers with more than 1,000 miles of dedicated hydrogen pipelines and 48 hydrogen production plants. The region is also home to a diverse array of energy resources, including a large concentration of academic and industry-driven energy innovation, cutting-edge infrastructure, and a highly skilled workforce. Looking at the future energy mix, hydrogen is anticipated to be twelve percent of the total energy consumption by 2050, according to the IEA. In its Houston as a Hydrogen Hub – 2050 Snapshot report, the Center for Houston’s Future predicts that 170,000 potential direct, indirect and induced jobs could be created in the hydrogen economy, as well as an additional $100 billion for Texas’ gross domestic product. Learn more about UpSkill Houston. Read the full strategy.
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