Site Selection magazine has ranked Houston as the No. 1 metropolitan area in the U.S. for corporate facility expansions and relocations in 2011.
Local experts, including Craig Richard, chief economic development officer with the Greater Houston Partnership (GHP), say the ranking could lead to even more regional economic development.
Last year, the GHP counted 195 relocations and expansions in the 10-county Houston region. Out of these relocations and expansions, the 34 that GHP helped to coordinate created more than 4,720 jobs.
Site Selection magazine ranked Houston as the No. 2 area in the U.S. for expansions and relocations in 2010. This year, Houston beat out the former No. 1 competitor, Chicago.
To qualify in the expansion and relocation category, all facilities must be at least 20,000 square feet, have a capital investment of at least $1 million and create at least 50 new jobs.
