Houston, We Don't Have A Problem
The Houston economy is vibrant and thriving. Complimenting its ranking as one of the nation's most affordable cities is a strong economic foundation, enhanced by a diverse base. The city's business economy has rapidly diversified from its strong energy core. This economic diversification includes growth in high-technology industries, medical research, health care and professional services.
Today, the Houston economy is based on a broad spectrum of industries including:
- Oil and gas exploration
- Basic petroleum refining
- Petrochemical production
- Medical research and health care delivery
- High-technology (computer, aerospace, environmental, etc.)
- Government (City, state and federal)
- International import and export
- Commercial fishing
- Agriculture
- Education
- Film and Media
- Banking and finance
- Manufacturing and distribution
- Related service industries
Houston is home to many businesses, including corporate headquarters for a number of Fortune 500 companies. Many foreign countries and corporations have also established a presence in Houston to access North American markets via the city's excellent distribution facilities.