Following a referral from the Greater Houston Partnership, the Katy Area Economic Development Council (EDC) has worked over the past year to help Hampco grow and find a suitable site.
After a rigorous site search, the company selected 11 acres at 1625 West Grand Parkway north and for a Phase 1, 36,000-square-foot $6 million facility, ultimately creating 50 direct jobs over the next two years.
It's just the latest success for the Katy Area EDC, which was founded in 2003 to establish the Katy area as the premiere location for families and businesses through planned economic growth and economic development
Demand has also reduced home inventory, or the amount of time a home is on the market, to 3.1 months, Haas said. Realtors would like to see five months of inventory, she said.
Homes are also going for higher prices. In July, the median sales price for a home in Katy was $215,000, up 15 percent from July 2011, according to data from the Houston Association of Realtors.
Aside from sales, a hot trend over the past couple of years has been the rental market. As a result of the economic downturn, Miles said people have been unable to get loans or do not want to go through the somewhat painful process of getting a loan.
“We will see a really nice rental come on the market, and is gone immediately,” Miles said. “Katy has always been a seller’s market, but that rental market has occupied more of my time than I saw coming.”
Innovative collaboration creates 4-year Engineering Degree Program on HCC Campus
HOUSTON, TX [October 23, 2012] -- Houston Community College and the University of Texas at Tyler have created a partnership through the development of an innovative, four-year Engineering Degree program on the HCC campus in Alief. The new program will allow students to obtain an Engineering degree in the normal four-year time period from UT Tyler, without any dislocation from the HCC Alief campus, while saving nearly 50% in their tuition costs. While beneficial for the student, the program is also designed to support the engineering field and the businesses which need to fill highly skilled job opportunities.
The Gulf Coast RCIC will be accepting Commercialization Award applications through our next application deadline, 10AM, Tuesday, October 30.
Transwestern today announced the land acquisition and immediate construction commencement on Westgate, a 660,000-square-foot, Class A office project within the Energy Corridor submarket of west Houston.