The Greater Houston Partnership received a 2024 Excellence in Economic Development Bronze Award from the International Economic Development Council (IEDC). The award was bestowed specifically for the Partnership’s work in the regional or cross-border partnership for regions with 500,000 or more residents.  The strategy formed in partnership with regional allies, as elaborated in the regional playbook, aims to enhance regional economic development in greater Houston by fostering collaboration and coordination among stakeholders. This involved creating a framework for the Houston Regional Economic Development Alliance (HREDA) to maximize engagement and support.  Formed in 2006, HREDA is comprised of economic development organizations and municipalities interested in creating jobs and investment to maintain a positive business environment. HREDA meets monthly at Partnership Tower, and often at other locations around the region. Hosted monthly at Partnership Tower and other regional sites, HREDA meetings include members from 98 economic development organizations, representing over 160 full-time economic development professionals.  The project's uniqueness and innovation reside in member involvement at every stage, ensuring ownership of the final playbook. It addressed previous collaboration deficits noted in studies, aiming to leverage regional resources for economic growth. The scale of marketing the region is no small feat. Covering 8,838 square miles, the 12-county Greater Houston region, with its centerpiece, the 10-county Houston-Pasadena-The Woodlands MSA, surpasses an area the size of New Jersey,  Despite this vast expanse, the region's stakeholders have rallied together as allies, streamlining processes to attract prospective companies. This collective effort reflects a shared commitment to securing victories for the region's economic growth. “I am proud to be a part of an organization, such as HREDA, that exemplifies how regionalism and collaboration can drive economic success and set high standards for regional development,” HREDA Chair and Chief Economic Development Officer at Partnership Lake Houston Stephanie Wiggins said. “By uniting various stakeholders under a common goal, HREDA leverages the strengths of the Houston region to create a prosperous and sustainable economic environment." Every year IEDC looks specifically for economic development organizations, government entities, initiatives, and programs that have demonstrated consistent, exemplary performance in the economic development profession, leading the execution of projects that have a significant impact on revitalizing communities, and playing a major role in shaping and improving the practice of economic development. “This group understands what it means to succeed together," Greater Houston Partnership President and CEO Steve Kean said. “When we work together as one to combine the expertise, assets and capabilities of our regional partners, the Houston region is unmatched in potential. Through this mindset of regionalism, we can create a more prosperous and inclusive future for all of our citizens.” Learn more about the 12-county region the Partnership represents.  

Virginia-based TMEIC Corporation Americas has announced it will relocate its headquarters to Houston, with plans to build a solar manufacturing facility near Katy.   The company, a subsidiary of Japan’s TMEIC Corporation, will move to Houston’s Energy Corridor in March 2025, while maintaining an office in Roanoke, Virginia. TMEIC will also launch a state-of-the-art photovoltaic (PV) manufacturing facility in Brookshire. The 144,000-square-foot facility, expected to open in October, will be located near its existing power supply and medium voltage drive manufacturing plant in Katy. Initially, the facility will have the capacity to produce 9 GW annually, with potential for future expansion. The facility is projected to create up to 300 jobs.   "We are excited to make these investments for an expanded presence in the Houston area with the relocation of our headquarters and the opening of our new manufacturing facility,” said Manmeet S. Bhatia, President and CEO of TMEIC Corporation Americas, in a statement. “This strategic expansion underscores TMEIC's dedication to the renewable energy industry, advancing clean energy technology, maintaining strong client relationships, and competing on a global basis while proudly manufacturing in the United States.”    The Greater Houston Partnership played a pivotal role in attracting TMEIC to the region, working actively to bring solar energy companies to Houston.    This announcement underscores Houston's growing prominence as a leader in solar energy. According to the Clean Investment Monitor, Texas attracted over $12 billion in solar investments in 2023. As a pivotal player in the global energy transition, Houston has been at the forefront of this growth, establishing itself as a prime destination for solar manufacturing companies seeking expansion.  For instance, Renewable Parts, a company specializing in wind turbine supply chain and refurbishment, chose Humble for its new parts recirculation workshop. Similarly, international companies Triveni Turbines and Imperial Star Solar have also unveiled plans for new solar manufacturing facilities in the Houston area.  Learn more about Houston’s leadership in solar energy.