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Cart.com is moving its HQ back to Houston from Austin for a number of reasons - citing the former's better connections to its international offices as well as supply chain and logistical knowledge and resources. https://www.bizjournals.com/houston/inno/stories/news/2023/11/20/cartcom-headquarters-returns-houston.html "The company that we were in late 2020 and through 2021 and part of 2022 was absolutely a company that was built for revenue growth at all costs," Tonar said. "Now the mandate has turned towards looking at profitability and cash flow, and the culture of a place like Houston is attuned to that kind of operating model." They are currently said to be looking for a location close to The Cannon near Memorial City, where they originally started. Even though they are a primarily remote-based workforce, their focus is on hiring locally.
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https://ig.ft.com/us-cities-index/ "Houston has taken the top slot as the best US city for foreign multinationals to do business in the second annual ranking compiled by the Financial Times and Nikkei. It gained the top spot by offering business friendly policies, excellent logistics, affordable cost of living, and a diverse community for overseas companies." https://www.ft.com/content/8854bb17-938d-4dd5-88a8-c1605a4c5bce "Ever since crude first gushed from Spindletop Hill in 1901, Houston has been an oil town — the epicentre of America’s oil and gas industry, its fortunes rising and falling with those of the sector. Today, though, America’s fourth-largest city is rapidly expanding beyond the industry on which it was built. Not only has it become a centre for green energy innovation, but other sectors, including medical technology and aerospace, now call the Texas city home."- 1 reply
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https://www.bizjournals.com/houston/news/2023/10/12/houston-venture-capital-activity-q3-2023.html "There were 30 deals in the Greater Houston metropolitan area, the lowest number of deals since the third quarter of 2020, according to the Q3 2023 PitchBook-NVCA Venture Monitor report, which was released Oct. 12. However, those deals were worth an aggregate of $596.23 million in Q3. That’s the largest amount of capital invested in the region since the same quarter of last year https://www.bizjournals.com/houston/news/2023/11/14/houston-innovation-technology-sba-deputy-admin.html?cx_testId=40&cx_testVariant=cx_27&cx_artPos=0#cxrecs_s "Houston is one of the fastest-growing startup cities in the world, according to PitchBook’s Global VC Ecosystems ranking. The region came in at No. 5 based on one-, three- and five-year growth rates for VC deal, exit and fundraising activity.
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http://www.businessinsider.com/drone-technology-uses-2017-7
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