Economy Of Houston
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Economy Of Houston
The economy of Houston, Texas, Houston is based primarily on the energy industry, particularly petroleum, oil. However, health care, Health science, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. The Houston metropolitan area comprises the largest concentration of petrochemical manufacturing in the world, including for synthetic rubber, insecticides, and fertilizers. It is the world's leading center for Oil field, oilfield equipment construction, with the city of Houston home to more than 3,000 energy-related businesses, including many of the top oil and gas exploration and production firms and petroleum pipeline operators. , 23 companies on the Fortune 500 list have their headquarters in, or around, Houston. The Greater Houston, Houston–Sugar Land– ...
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The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher based in Washington, D.C. It features articles on politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. During the 19th and 20th centuries, the magazine also published the annual ''The Atlantic Monthly Almanac''. The magazine was purchased in 1999 by businessman David G. Bradley, who fashioned it into a general editorial magazine primarily aimed at serious national readers and " thought leaders"; in 201 ...
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Biotechnology
Biotechnology is a multidisciplinary field that involves the integration of natural sciences and Engineering Science, engineering sciences in order to achieve the application of organisms and parts thereof for products and services. Specialists in the field are known as biotechnologists. The term ''biotechnology'' was first used by Károly Ereky in 1919 to refer to the production of products from raw materials with the aid of living organisms. The core principle of biotechnology involves harnessing biological systems and organisms, such as bacteria, yeast, and plants, to perform specific tasks or produce valuable substances. Biotechnology had a significant impact on many areas of society, from medicine to agriculture to environmental science. One of the key techniques used in biotechnology is genetic engineering, which allows scientists to modify the genetic makeup of organisms to achieve desired outcomes. This can involve inserting genes from one organism into another, and con ...
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Healthcare
Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physical and mental impairments in people. Health care is delivered by health professionals and allied health professions, allied health fields. Medicine, dentistry, pharmacy, midwifery, nursing, optometry, audiology, psychology, occupational therapy, physical therapy, athletic training, and other health professions all constitute health care. The term includes work done in providing primary care, wikt:secondary care, secondary care, tertiary care, and public health. Access to health care may vary across countries, communities, and individuals, influenced by social and economic conditions and health policy, health policies. Providing health care services means "the timely use of personal health services to achieve the best possible health outcom ...
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Texas Medical Center
The Texas Medical Center (TMC) is a List of neighborhoods in Houston, neighborhood in south-central Houston, Texas, United States. It is immediately south of the Houston Museum District, Museum District and west of Texas State Highway 288. Over 60 medical institutions, largely concentrated in a triangular area between Brays Bayou, Rice University, and Hermann Park, are members of the Texas Medical Center Corporation—a Nonprofit organization, non-profit umbrella organization—which constitutes the largest medical center and life science destination in the world. As the world's largest medical center, it is also nicknamed as the ''"Medical Mini-City"''. The TMC has the world's highest density of clinical facilities for patient care, basic biomedical sciences, and translational research. The neighborhood is . The Texas Medical Center employs over 106,000 people, hosts 10 million patient encounters annually, and has a gross domestic product of US$25 billion. Over the decades, the ...
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University Of Houston System
The University of Houston System is a public university system in the U.S. state of Texas, comprising four separate and distinct universities. It also owns and holds broadcasting licenses to a public television station (KUHT) and a public radio station (KUHF). The fourth-largest university system in Texas, the UH System has more than 70,000 students and 495,000 alumni from the four distinct universities. Its flagship institution is the University of Houston, a comprehensive doctoral degree-granting research university of about 43,000 students. The economic impact of the UH System contributes over $3 billion annually to the Texas economy, while generating about 24,000 jobs. The administration is housed in the Ezekiel W. Cullen Building, located on the campus of the University of Houston. The chancellor of the UH System is Renu Khator, who serves concurrently as president of the University of Houston. The System is governed by nine voting-member board of ...
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Texas Public Utilities Commission
The Public Utility Commission of Texas (PUC or PUCT) is a state agency that regulates the state’s electric, water and telecommunication utilities, implements respective legislation, and offers customer assistance in resolving consumer complaints. History In 1975, the Texas Legislature enacted the Public Utility Regulatory Act (PURA) and created the Public Utility Commission of Texas (PUC) to provide statewide regulation of the rates and services of electric and telecommunications utilities. Roughly twenty years later, the combined effects of significant Texas legislation in 1995 and the Federal Telecommunications Act of 1996 resulted in competition in telecommunication’s wholesale and retail services and the creation of a competitive electric wholesale market. Further changes in the 1999 Texas Legislature not only called for a restructuring of the electric utility industry but also created new legislation that ensured the protection of customers' rights in the new competitive ...
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AT&T
AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's List of telecommunications companies, third largest telecommunications company by revenue and the List of mobile network operators in the United States, third largest wireless carrier in the United States behind T-Mobile US, T-Mobile and Verizon. As of 2023, AT&T was ranked 32nd on the Fortune 500, ''Fortune'' 500 rankings of the largest United States corporations, with revenues of $122.4 billion. The modern company to bear the AT&T name began its history as the American District Telegraph Company, formed in St. Louis in 1878. After expanding services to Arkansas, Kansas, Oklahoma and Texas through a series of mergers, it became the Southwestern Bell Telephone Company in 1920. Southwestern Bell was a subsidiary of AT&T Corporation, ...
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Houston Technology Center
The Houston Technology Center (HTC) was a technology accelerator and incubator located in Midtown, Houston, Texas. The HTC was a business park focused on the sectors of energy, information technology (hardware and software), life sciences, and NASA The National Aeronautics and Space Administration (NASA ) is an independent agencies of the United States government, independent agency of the federal government of the United States, US federal government responsible for the United States ... based space technologies with coaching, capital, connections, community, and customers. It was created in 1999 and lasted until 2018 when it was merged into the Houston Exponential program and shut down. A similar program that is also located in Midtown opened in 2021, known as the Ion Innovation District. References * {{cite web , last=Leinfelder , first=Andrea , title=Houston Technology Center's business accelerator closes , website=Chron , date=2018-02-01 , url=https://www.ch ...
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Houston Chronicle
The ''Houston Chronicle'' is the largest daily newspaper in Houston, Houston, Texas, United States. it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. With the 1995 buyout of its longtime rival the ''Houston Post'', the ''Chronicle'' became Houston's newspaper of record. The ''Houston Chronicle'' is the largest daily newspaper owned and operated by the Hearst (media), Hearst Corporation, a Privately held company, privately held multinational corporation, multinational corporate media conglomerate with $10 billion in revenues. The paper employs nearly 2,000 people, including approximately 300 journalism, journalists, editorial, editors, and photography, photographers. The ''Chronicle'' has bureaus in Washington, D.C., and Austin, Texas, Austin. The paper reports that its web site averages 125 million page views per month. The publication serves as the "newspaper of record" of the Housto ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ...
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