Pharmaceutical giant Lilly announced a $6.5 billion plant in Houston, citing the city’s strong workforce, strategic location, and robust infrastructure as key factors in their decision, boosting local economy and job growth.
Browsing: Business
Houston-based chicken and waffles hotspot is set to open its fourth brick-and-mortar location, expanding its beloved Southern-style menu to more neighborhoods, KHOU reports. The new site aims to serve fans citywide.
Plans for the Sports Illustrated Resort at Lago Mar lagoon have been officially scrapped, a source confirmed to KHOU. The much-anticipated project will no longer move forward, disappointing local supporters.
A Houston developer has unveiled plans to build thousands of new homes southwest of the city, aiming to address growing demand. The project promises modern amenities and expanded community infrastructure.
Amid the government shutdown, thousands of Houston federal workers face furloughs or unpaid duties. The halt threatens both their income and local economic stability, highlighting widespread uncertainty in the community.
Miller Outdoor Theatre in Houston’s Hermann Park has announced a facility improvement project aimed at enhancing visitor experience. The upgrades will modernize infrastructure while preserving the venue’s historic charm.
Vanessa Wyche returns as director of Johnson Space Center after serving as acting NASA associate administrator. Her leadership continues to drive key space exploration initiatives.
Trammell Crow has completed the 1.35 million-square-foot Blue Ridge Commerce Center in Fort Bend County, boosting industrial space and supporting regional economic growth in the Houston area.
The Greater Houston Partnership announced a surge in new business openings for Q2 2025, highlighting robust growth across energy, tech, and healthcare sectors, signaling strong regional economic momentum.
Shell USA President Gretchen Watkins is stepping down, the company announced. A successor has been named as Shell prepares for leadership transition amid evolving energy market challenges. More details to follow.
PepsiCo is set to build a massive warehouse west of Houston in 2025, marking the year’s largest industrial real estate deal. The project underscores the region’s growing importance as a logistics hub.
Houston’s job growth expectations for 2025 have been cut in half, according to GHP. Despite the slowdown, experts say the local economy remains strong, supported by energy and healthcare sectors.
Texas’ economy heavily depends on international trade, with billions in exports driving growth. Key sectors like energy, technology, and agriculture benefit from global markets, underlining the state’s trade significance.
Katz’s Deli & Bar is set to open its fifth Houston-area location, expanding its popular menu of classic deli favorites. The new venue aims to bring more of its signature sandwiches and vibrant atmosphere to local diners.
Eli Lilly announces a $6.5 billion investment to build a new manufacturing plant in Houston, promising significant job creation and boosting the region’s pharmaceutical industry. The facility aims to enhance production capacity and innovation.
Steve Radom, dubbed Houston’s busiest man, expertly juggles multiple redevelopment projects across the city. His strategic vision and leadership are transforming Houston’s urban landscape at an unprecedented pace.
Houston’s biotech and health care sectors are rebounding, with investment climbing again after a recent slump, according to the latest data. The city’s growing innovation hub is attracting renewed investor interest.
Comfort Medical Scrubs Co. has chosen Rice Village for its third brick-and-mortar store, expanding its local footprint. The new location aims to serve healthcare workers with quality, comfortable uniforms.
British manufacturer Deep is expanding to Houston with a $100M investment in the U.S. The move aims to boost production capacity and strengthen the company’s presence in the North American market.
The Houston region shed jobs through the first five months of 2025, reversing earlier gains. Despite the slowdown, economists anticipate overall job growth by year-end, driven by energy and tech sectors.