Skip to main content

International Business Month: Houston Continues to Draw Business and Investment from Around the World 

Published May 13, 2021 by Javier Vargas

Global Map

Houston is a great global city with one of the youngest, fastest growing, and most diverse populations anywhere in the world. This unique convergence of people and cultures has created a sense of shared community, commitment and mutual respect that is important to international companies eager to do business in the U.S. In fact, Houston ranks among the top 20 Global Cities of the Future according to a recent report by fDi Intelligence. 

In recognition of World Trade Month, the Partnership is hosting International Business Month — a celebration of Houston's thriving international ties and our position as one of today's great global cities. Learn more about upcoming events happening throughout May. 

From a business perspective, the Greater Houston region is an economic powerhouse. Over the years our economy has diversified to include leading positions across key global industries like energy, life sciences, manufacturing, logistics, and aerospace. 

Houston’s economy is also deeply tied to global trade and foreign investment. The region has trading relationships with more than 200 countries and is home to over 1,700 foreign-owned firms. 

The region’s significant infrastructure—including our ports and two international airports—along with our prime geographic location, large and diverse workforce and pro-business environment have long made us an attractive target for foreign investment. 

Since 2009, nearly 500 foreign-owned firms have announced nearly 700 projects in Houston. That represents an estimated investment of more than $36 billion in the Greater Houston region.  

Last year alone, the Partnership’s International Investment and Trade team assisted in several notable expansion projects including: 

  • Borealis, an Austria-based chemicals company, established their North American headquarters in Houston.
  • Majority, a Swedish digital financial services company, announced the location of its U.S. headquarters in Houston.
  • Roboze, an Italian 3D printer manufacturer, announced Houston as the location for their U.S. headquarters supporting logistics, sales and service operations.
  • Transbiaga, a Spanish company that supports the assembly of steel and concrete windfarms, announced the location of its U.S. headquarters in Houston.
  • United Imaging, a global leader in advanced medical imaging and radiotherapy equipment, opened a 91,000-square-foot, state-of-the-art factory and expanded service complex in Houston to support its expansion across the Americas and beyond.

Despite travel restrictions, the Partnership continued to host key visits with our partners around the globe virtually. The organization welcomed 86 inbound delegations from 28 countries in 2020 to further grow the region’s international ties. 

The Partnership also leads trade and investment missions alongside civic and business leaders to key markets domestically and abroad. Over the last few years, the organization has led notable trips to Mexico, China, India, Japan, and Israel.

To support the region’s large and growing international business community, Houston is home to 15 foreign governments trade and commercial offices, 41 active foreign chambers of commerce, and the third largest concentration of consular corps in the nation. 

To learn more about international business in Houston, click here. 
 

Related News

Economic Development

Greater Houston Partnership Receives 2024 Excellence in Economic Development Award

8/28/24
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.  
Read More
Economic Development

Chevron Relocates Headquarters to Houston

8/2/24
Chevron Corporation has announced plans to relocate its corporate headquarters to Houston from San Ramon, California.  The announcement follows the energy giant's recent efforts to consolidate its operations in Houston, which began in 2022, with the sale of its 92-acre headquarters in San Ramon.  This strategic move aims to enhance collaboration among senior leaders, executives and business partners, according to Chevron’s press release. Chevron currently employs 7,000 people in the Houston area and 2,000 in San Ramon. While the relocation will initially have minimal impact on San Ramon employees, all corporate functions are expected to migrate to Houston over the next five years. Positions supporting Chevron’s operations in California will remain in San Ramon. According to the company, this move aligns with its ongoing efforts to streamline its operations and improve performance. By consolidating its headquarters in Houston, Chevron can leverage the city's robust energy infrastructure and diverse talent pool to advance energy affordability, reliability and security globally. “This is just the final step that many industry observers were waiting to happen,” Ken Medlock, Senior Director of the Baker Institute’s Center for Energy Studies, explained in a recent release. “To start, Houston provides a world-class location for internationally focused energy companies, which is why there is such a massive international presence here. Texas is also the nation’s largest energy producer across multiple energy sources and is poised to lead in emerging opportunities such as hydrogen and carbon capture, so Houston is a great place for domestically focused activities as well. To top it off, Texas rates very favorably for business in general.” Chevron will become the 24th Fortune 500 company to establish its headquarters in Houston, joining the city's growing hub of major corporations. Among these is ExxonMobil, which announced its corporate headquarters relocation to Spring in 2022. “Chevron’s decision to relocate its headquarters underscores the compelling advantages that position Houston as the prime destination for leading energy companies today and for the future," said Partnership President and CEO Steve Kean. "With deep roots in our region, Chevron is a key player in establishing Houston as a global energy leader. This move will further enhance those efforts." Learn more about corporate headquarters in the Houston region.   
Read More

Related Events

Airports

State of the Airports

The Greater Houston Partnership invites you to the State of Airports on Tuesday, December 5, as Jim Szczesniak, Director of Aviation, outlines the next history-making chapter for Houston Airports.  Szczesniak…

Learn More
Learn More
Executive Partners