‘It’s been a rough year for us’: Expert explains economic effects of winter storm, ongoing pandemic in Houston region
“It's been a rough year for us economically; it's been a rough year for us public health wise. It's just been a rough year for us psychologically—first the coronavirus and then the freeze," said Patrick Jankowski, senior vice president of research with the Greater Houston Partnership.
As many as 31 stores across nine states will be shuttered as Fry's Electronics shuts down due to market changes and the pandemic.
Emerging technology and alternative-energy sectors could help ease the blow of the downturn in Houston's oil and gas industry caused by the COVID-19 pandemic.
According to Jazz Hamilton, first vice president with the Retail Brokerage Services group for CBRE, between January and November of 2020, consumers spent almost $550 billion online—a 33% increase from 2019.
As the city of Katy navigated the effects of the pandemic, changes in 2020 included budget cuts and revenue shortfalls; however, 2020 also brought lower property tax rates and an increase of more than $300 million in the city’s appraised value.
With Harris County commissioners poised to adopt the first tax rate increase the county has seen since 1996, court Democrats and Republicans remained at odds following the first public hearing on the proposed increase Sept. 20. In the wake of Tropical Depression Imelda, disaster recovery was also at the top of mind for people on both sides of the debate.
Editor's note: This post has been updated to clarify the 8.25% sales tax charge refers to the state and local charges.
As hurricane season approaches in Texas, state Comptroller Glenn Hegar announced a statewide sales tax holiday this weekend, April 27-29, on emergency preparedness supplies.
Following two years of recovery in 2017 and 2018, job growth in Houston is expected to level off and remain stable for 2019, said Patrick Jankowski, senior vice president of research at the Greater Houston Partnership. Houston will see an increase of 71,000 jobs this year compared to 73,000 last year, Jankowski said.
More than 20 Texas lawmakers from both sides of the aisle have signed an open letter urging President Donald Trump to avoid using the $15 billion in federal funding appropriated for Hurricane Harvey relief as a means to pay for a border wall at the U.S.-Mexico border and end the ongoing government shutdown .
As the longest partial government shutdown in U.S. history continues, local agencies and residents have begun …
KBH Ventures and the city of Katy have partnered with Benchmark Global Hospitality to develop a conference center anchor for the 169-acre Katy Boardwalk project , according to a press release from Kaplan PR. The conference center will be designed by Gensler and built by Houston-based KDW, the construction firm that built Typhoon Texas.
The Greater Houston area is projected to create 71,000 jobs in 2019, according to the Greater Houston Partnership's annual Houston Employment Forecast released Dec. 5.
Greater Houston Partnership: Houston must recruit talent, focus on collaboration to maintain economic status
The greater Houston area boasts strong economic assets—it is home to the world’s largest energy center, two international airports and the sixteenth busiest port in the world, and it is the number one region for exports in the country, said Susan Davenport, senior vice president of economic development for the Greater Houston Partnership.
Three candidates are running for Harris County judge this November. Community Impact Newspaper asked …
Katy City Council held a budget workshop Friday morning to hear a presentation and obtain clarifications from City Administrator Byron Hebert. The proposed fiscal year 2018-19 budget, which includes a 3 percent cost-of-living increase for city staff, totals about $28.5 million and is balanced between revenue and expenditures despite constraints caused by flooding events the past two consecutive years.
Police Chief Kenny Seymour asked the Fulshear City Council to approve funding for two additional officers and a promotion to lieutenant for one of his current staffers at a public budget workshop Tuesday evening at 6 p.m.
UPDATE, Aug. 10 at 2:33 p.m.: Council member Lisa Kettler Martin said she voted against the zoning amendment because she felt the developer's intentions could be done without changing zoning for the location. She added that she felt that the city's zoning ordinances could be examined to see if they were in need of updating, but would prefer to look at them comprehensively instead of piecemeal.
Every year, the Texas Legislature sets the dates for an annual sales tax holiday on school supplies and clothing. This year’s sales tax holiday is Aug. 10-12.
Rubicon Realty Group is developing a 10-acre property at the southwest corner of the intersection of Clay and Peek roads, said Inna Gallagher, a principal with Rubicon Realty. The shopping center is under construction, and portions of it are expected to be complete by December of this year.
Almost a year after Harvey dropped a trillion gallons of water across the Greater Houston area last August, Harris County is petitioning voters for a $2.5 billion bond referendum, which would fund flood control projects across the region and raise property tax rates if approved by voters Aug. 25.
KFB Plaza, Inc. will begin construction on new strip centers at 1165 and 1185 Katy Fort Bend Road in Katy by mid-August, Commercial Realty Company President Fred Ash said. Commercial Realty Company is handling the preleasing for the property.
Houston developer Wile Interests in late July announced plans to develop a 70,000 square foot class A medical facility called Medical Plaza West, according to a press release from CBRE, the property management company for the development.