Houston has consistently ranked among the top 10 cities for job and population growth. The document provides statistics showing Houston gained over 82,000 jobs in 2013, has an unemployment rate of 4.6% as of April 2014, and grew its population by over 2% annually from 2012-2014. Houston's economy is led by the energy sector, with over 50% of employment related to energy industries, cementing Houston as the "Energy Capital of the World".

1. Houston Ranked in TOP 10
“Best Cities for Job Growth” HOUSTON MSA EMPLOYMENT
EXEC U T I V E S U M M A RY
JOBS GAINED
2013 82,000
2012 97,700
2011 75,800
HOUSTON UNEMPLOYMENT
PERCENT (%)
04/2014 4.6
04/2013 5.9
04/2012 6.6
HOUSTON MSA POPULATION
IN MILLIONS GROWTH (%)
2014 6.4 2.2
2013 6.3 2.0
2012 6.2 2.3
ENERGY: OIL & NATURAL GAS
WTI CRUDE OIL: PER BARREL
06/2014 $105.09
06/2013 $95.82
06/2012 $84.10
06/2011 $105.93
NATURAL GAS: PER MMBtu
06/2014 $4.61
06/2013 $3.94
06/2012 $2.37
06/2011 $4.65
IMPORT / EXPORT TRADE
HAS AIR FREIGHT: IN MILLION LBS.
2013 914.2
2012 924.2
2011 934.2
2010 882.5
PHA TOTAL TONNAGE (short tons): IN MILLION TONS
2013 35.8
2012 35.1
2011 33.5
2010 28.8
Houston ranked among the top-performing U.S. metros in 2013 and continues to
be among the top 10 metros leading the nation in population and job growth
in 2014. Houston is once again making headlines as having one of the healthiest
economies in the U.S. In July 2014, Forbes published its list of “Best Cities
for Job Growth”, and Houston was in the top 10. Further, Texas dominated the
top 10 with ve metros, which are expected to have annual job growth of at
least 3.5% in 2014.
As expected, a large majority of the jobs Houston gained are related to the energy
sector; however, Houston is also a top 10 city for STEM occupations, jobs
requiring a degree in science, technology, engineering and math related subjects.
In June 2014, Forbes ranked Houston in the top 10 for companies with the
greatest number of STEM positions currently open with 10,278
positions listed. Houston also made Forbes’ list of
“The Top 10 Cities For Relocation”, with the
highest gains in
Engineering and
Operations jobs.
HOUSTON
SAN
JACINTO
MONTGOMERY
HARRIS
WALLER
AUSTIN
LIBERTY
CHAMBERS
FORT BEND
BRAZORIA
GALVESTON
HOUSTON, TEXAS
METRO AREA DETAIL
Houston’s economic base is comprised of a variety of industries led by the energy
sector, which accounts for just over 50 percent of Houston’s employment.
Houston is known as the “Energy Capital of the World”, and is home to more than
5,000 energy related companies. It’s no surprise that Texas is the #1 ranked
U.S. state by the U.S. Energy Information Administration (EIA) in total energy
production, and the production of crude oil, natural gas, and electricity production.
Texas ranks 6th in coal production. Texas is home to several shale plays and
one of those is the Eagle Ford, which produces more than 1 million barrels of oil
equivalent per day, or 7 billion cubic feet equivalent per day and that production
level has helped to increase local employment in the industry.
Houston’s strategic location and core strengths, including an expanding energy
sector, strong import/export trade activity, cutting-edge medical advancements,
and technological breakthroughs across industries, uniquely position it to play
a vital role in meeting national and global market demands. At a time of
unprecedented geopolitical demographic shifts aecting markets worldwide,
Houston stands as a leader among U.S. metros.

2. HOUSTON ECONOMIC OUTLOOK PAGE 2
Population Growth
HOUSTO N P O P U L AT I O N
AS OF JULY 1
2013 2,195,914
2012 2,160,712
2011 2,127,412
2010 2,102,587
Houston ranks among the leading metropolitan areas in the U.S., and is the fourth largest city and the fth largest Metropolitan
Statistical Area (MSA) in the nation. The U.S. Census Bureau announced that the Houston MSA, which consists of 10 counties, ranked
rst in the nation for population growth between 2000 and 2010 when the last census was taken. During that time the Houston
MSA increased an impressive 26.1 percent, from 4.7M to 5.9M residents. Since then, Houston’s MSA has added close to 400,000
residents. On a more long-term basis, demographers project strong population growth for the area over the next thirty years as
domestic and international migration trends favor Houston’s geographical, cultural, and economic strengths. According to the U.S.
Census Bureau, Houston had a net gain of more than 35,000 new residents in 2013, second only to New York.
The 2010 U.S. Census also showed a dramatic increase of 23.5 percent in Houston metro area households from 1.7M in 2000 to 2.1M
in 2010. The average household income for the metro area was estimated at $76,301 in 2009, with a 11.9 percent projected
increase to $85,409 by 2014. The median household income was estimated at $53,942 in 2010, an annual decrease of 0.4 percent
from $54,146 in 2009. By comparison, the national income levels fell below the Houston market, with 2010 U.S. household
median income at $50,046, an annual decrease of 0.3 percent from $50,221 in 2009. As of June 2014, the average annual income
for employees on private non-farm payrolls in the Houston MSA was $52,615, which was slightly higher than the $52,438 average
annual income for individuals in the New York-Northern New Jersey-Long Island metro.
HOUSTO N TOP 5 F O RT U N E 5 0 0
NATIONAL RANK COMPANY REVENUE
in millions
6 PHILLIPS 66 $161.2
47 CONOCO PHILLIPS $59.4
56 ENTERPRISE PRODUCTS PARTNERS $47.7
63 SYSCO CORP $44.4
70 PLAINS GP HOLDINGS $42.3
Houston ranked 2nd among
U.S. cities with the most
Fortune 500 headquarters
with twenty-six companies
on the 2014 list.
Houston’s strong economic base continues to be a key factor driving both domestic and international migration trends. Houston
ranked 2nd among U.S. cities with the most Fortune 500 headquarters with twenty-six (26) companies on the 2014 list, following
New York, with a total of forty-seven (47). Statewide, Texas was the No. 2 ranking state with fty-two (52) companies on the
list, after a tie by New York and California, each states having fty-four (54) companies on the list. All but three (3) of the Houston
companies on the list are in the energy industry. Locally based Phillips 66 took the number 6 spot on the list of 500 companies,
with $161.18 billion in revenue.
Houston area residents are well-educated, with the majority of the population over 25 years of age holding a high school diploma
and residents with college/graduate educational studies outnumbering those with less than a high school education.
This high level of educational achievement is not surprising given Houston’s numerous nationally recognized colleges and universities,
as well as technical and trade schools, including Rice University, University of Houston, University of St. Thomas, Texas Southern
University, Houston Baptist University, Baylor College of Medicine, San Jacinto College, Lone Star College, and Houston Community
College. Rice University ranks in the top 20 in U.S. News World Reports National University Rankings 2014 guide to America’s
best colleges. In the No.18 spot, it is the only Texas college in the top 20.
Bolstered by above-average demographic trends and a strong base of diverse industries, Houston is well-positioned to compete in
today’s global markets. Long recognized as the energy capital of the world, with every major energy company represented
locally, Houston now stands as a global example of economic diversity. The area is home to a thriving base of industries including
medical/biomedical technology, global trade (particularly airborne and waterborne domestic/international cargo), aeronautics,
plastics manufacturing, electronics, computers, software design and integrated power.
SOURCES: : U.S. Census Bureau, Greater Houston Partnership; Fortune Magazine

3. HOUSTON ECONOMIC OUTLOOK
Employment Sector
S E L EC T M A J O R A R E A EMPLOYERS
PAGE 3
Houston’s employment sector weathered the last recession better than most major metro areas. The downturn here was short-lived
and the Houston MSA began recovering jobs sooner than most, recovering more than the jobs it lost in the recession. Between
June 2013 and June 2014, Houston added more than 87,500 jobs, which increased the job growth by 3.1%. Among the largest populated
U.S. cities, Houston out-performed all but Dallas, and Texas ranked 4th. Texas experienced a 3.3% increase adding 370,300
jobs, while the United States as a whole saw a 1.9% increase adding 2.6 million jobs. Houston was ranked 2nd in the U.S. when
looking at the overall percent change in employment in the 10 most populous U.S. major metros as noted in the chart below.
Natural gas prices have remained relatively static due in part to the development and perfection of hydraulic fracturing of shale
formations for natural gas production. As natural gas is the primary material used in the petrochemical industry, the region looks to
gain new capital investment, plants and jobs as one-half of the petrochemical industry jobs in Texas are in the Houston region.
This type of job growth is evident as Houston’s Mining and Logging industry sector had one of the largest annual changes in employment
at 5.8%, boosted by oil gas extraction.
Additional Houston employment industry sectors that reported annual growth above 5.0% include: Nondurable goods Manufacturing
at 6.4%, Wholesale Trade at 5.0%, Architectural, Engineering Related Services at 10.1%, Educational Services at 6.8%, and
Arts, Entertainment Recreation jumped by 11.7%
Houston was ranked 2nd in
the U.S. when looking at
the overall percent change
in employment in the 10
most populous major metros.
PE RC E N T C H A N G E I N E M P LOYMENT
JUNE 2013 TO JUNE 2014
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
DALLAS
HOUSTON
MIAMI
ATLANTA
BOSTON
LOS ANGELES
UNITED STATES
NEW YORK
WASHINGTON
PHILIDELPHIA
CHICAGO
SOURCES: U.S. Bureau of Labor Statistics

4. HOUSTON ECONOMIC OUTLOOK
PAGE 4
Strong Business Climate
Houston has long been recognized among the most competitive U.S. cities for corporate relocation and expansion activity. In its
March 2014 issue, Site Selection ranked Houston #2 for Tier One New and Expanded Facilities in 2013 of MSA’s with population over
1 million, securing 325 corporate facility expansion projects. Houston was last years winner. In addition, Chief Executive Magazine
(for the tenth straight year) named Texas as the “Best State for Business”, in which Houston’s Energy Industry played a huge part. In
Summer 2014, Forbes named Houston #1 for “Most Competitive Metro in America” and “Best City for Manufacturing”. In addition
to its diverse growth industries and educated/skilled workforce, a key factor underscoring Houston’s business appeal is the fact that
it is one of the least expensive major U.S. cities in which to conduct business. Signi“cant bene“ts include the absence of state or
city income taxes, no state property tax, as well l as an exceptionally low cost of livin
living index.
HOUSTO N -
S U G A R L A N D -
B AY TOW
N MSA M S A 2 0 1 3
W
BIL
GR
GROSS AREA PRODUCT $480.6 BILLION
LLIO
As a major transportation hub with two major airports, a world-renowned port, and superior rail and road infrastructure, Houston
facilitates the interconnection of global business locations. Business alliances with major U.S. and international markets is
further enhanced by the presence of 92 foreign consulate offices in Houston. In 2013, Houston ranked third in the U.S. – following
New York and Los Angeles – in foreign consulate representation.
Houston’s ability to foster continued expansion in future-growth industries responsible for generating high quality, well-paid jobs
across all business sectors has placed it in the top tier among U.S. cities. With its numerous business advantages, Houston is well-positioned
HOUSTON
SEATTLE
DENVER
LOS ANGELES
CHICAGO
NEW YORK
ATLANTA
MIAMI
to successfully compete in today’s global marketplace.
TRAV E L T I M E F R O M H O USTON
CITY DISTANCE AIR RAIL TRUCK
in hours
Atlanta 793 miles 2.5 66 13
Chicago 1,090 miles 2.5 86 18
Denver 1,119 miles 2.5 60 17
Los Angeles 1,550 miles 3.5 90 24
Miami 1,188 miles 2.5 NA 20
New York 1,631 miles 2.5 NA 20
Seattle 2,443 miles 5.0 60 36
SOURCES: mapquest.com, Official Airlines Guide, BNSF Railway, Union Pacific Railroad,
and Greater Houston Parntership Research Department
BAY T B
AN OSS ON
Port of Houston
Ranked #1 U.S.
Foreign Tonnage
Ranked #2 U.S.
Total Cargo Value
Ranked #7 U.S.
Total Container
Energy Industry
Global Energy
Capital
Over 5,000 rms
in the region
40 percent of the
national’s base
petrochemical
capacity
Airport System
Ranked #6 U.S.
Airport Passengers
Ranked #9 Global
Aircraft Movement
50.0M Passengers
in 2013
914.2M lbs of Air
Freight in 2013
Texas Medical
Center
World’s Largest
Medical Complex
(1,345 Acres)
106K Employees
54 Member Institutions
7.2M Patients Annually
16K International
Patients Annually
NASA / Johnson
Space Center
1,700-acre Complex
Major Employers
Boeing Company
Lockheed Martin
Jacobs Engineering
United Space
Alliance
SOURCES: Federal Reserve Bank of Dallas; Port of Houston Authority; Fly2Houston.com; Greater Houston Partnership; Perryman Report; NASA Acquisition Internet Service (NAIS) * Statewide Economic Impact

5. HOUSTON ECONOMIC OUTLOOK
PAGE 5
Global Energy Capital
Houston is internationally recognized as the global energy capital, with virtually every segment of the energy industry represented by
over 5,000 rms in the region. It is also known as the global center for integrated power, a fast-growing new sector of the energy
industry. In just over a decade, the number of Houston-based energy trading companies has tripled, with petrochemical capacity in
the area nearly four times larger than the nearest competing U.S. site. All major oil and gas companies have extensive operations
in the area, including ExxonMobil, Chevron, BP America, Citgo, ConocoPhillips, Shell Oil Company, BHP Billiton, El Paso Corp., TOTAL,
BG Group, Devon Energy, LyondellBasell, Halliburton, Occidental Petroleum, Petrobras, Marathon Oil, Anadarko Petroleum, Transocean,
Apache, Hess Corporation, Neweld Exploration, Enterprise Products Partners, and Plains All American Pipeline.
$/bbl
H I STO R I C C RU D E O I L P R I C ES
June 2014: $105.79/bbl
June 2008: $133.93/bbl
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
$140
$120
$100
$80
$60
$40
$20
$0
Rig Count
U . S . R OTA RY R I G C O U N TS
June 2014: 1,861
June 2011: 1,972
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2100
1900
1700
1500
1300
1100
900
700
$0
$/MMBtu
H I STO R I C N AT U R A L G A S P R I C ES
June 2014: $4.64/MMBtu
June 2008: $10.82/MMBtu
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
$12
$10
$8
$6
$4
$2
$0
SOURCES: Energy Information Administration; West Texas Intermediate; Baker Hughes; Greater Houston Partnership
According to a June 2014 British Petroleum statistical
review of world energy, global energy consumption growth
in 2013 accelerated, despite a stagnant global economy.
According to the study, global primary energy consumption
increased by 2.3% in 2013, an increase over the 1.8%
in 2012, but below the 10-year average of 2.5%. Emerging
economies were responsible for nearly 80% of the net
growth and consumption growth in North America was
above average. Oil remains the world’s leading fuel, at
32.9% of global energy consumption. Natural Gas’s share
of global primary energy consumption is 23.7%. Even
though world natural gas consumption grew only 1.4% in
2013, below the historical average of 2.6%, consumption
growth was above average North America.
The U.S. Energy Information Administration’s (EIA) Annual
Energy Outlook released in April 2014 indicates overall
U.S. energy consumption will grow at an average annual
rate of 0.9% from 2013 through 2014. West Texas
Intermediate crude oil prices increased from $95.77 per
barrel in June 2013 to $105.79 per barrel in June 2014
and predicts the price to fall to $95.17 per barrel in 2015.
The Henry Hub natural gas prices are projected to
average $4.64 per MMBtu in 2015 decreasing from to $4.58
per MMBtu by 2014.
The U.S. rotary rig count increased annually by 5.7% to
1,861 rigs in June 2014, from 1,761 in June 2013.

6. HOUSTON ECONOMIC OUTLOOK
Petrochemical Plastics Industry
PAGE 6
Texas is the largest chemical-producing state, generating $145 billion in annual revenues. Houston is a global leader in manufacturing
petrochemicals, with the Houston Ship Channel recognized as the largest petrochemical complex in the U.S. The area is home
to more than 125 rening and petrochemical manufacturing companies operateing the region’s largest petrochemical plants including;
Bayport Industrial District, Battleground Industrial Complex, Bayport Shipping Terminal, and the Houston Ship Channel.
Today, the chemical industry employs more than 100,000 workers in Texas, nearly 16.0 percent of the industry's total U.S. workforce,
according to Labor Department gures. About half of those jobs are in the Houston region, spread across more than 430 chemical
plants and reneries. In 2013, Texas led the nation in crude oil production, with 27 petroleum reneries producing over 5.1 million
barrels of crude oil per day, 28.8% of total U.S. rening capacity. Houston accounts for over 40 percent of the national’s base
petrochemical capacity.
The discovery of shale rock formations, rich with natural gas and natural gas liquids, has had a huge impact on the region’s economy
as many of the major energy companies headquartered in Houston have expanded into natural gas production.
Chemical companies are racing to make investments to take advantage of low natural gas prices, since natural gas is used as a
feedstock in chemical production. Over the past several years, oil companies have expanded quickly to tap shale oilelds in Texas,
increasing the states percentage of US oil production. Sanchez Energy Corp recently paid $256 million in 2013 for Hess Corp.’s
Eagle Ford assets and has recently announced they have entered an agreement to purchase Royal Dutch Shell’s Eagle Ford assets
for $639 million. According to a new study from the University of Texas at San Antonio’s Institute for Economic Development,
oil and gas development in the Eagle Ford Shale has more than a $60 billion economic impact on the local South Texas economy and
over 116,000 jobs are supported in the 20 county area impacted by the play.
MAJOR HOUSTO N R E G I O N
C H E M I C A L P L ANTS
Air Liquide USA
Air Products
Baker Petrolite Corpo ration
BASF Corpo ration
Bayer Material Scienc e
BP Texas Cit y
Celanese
Chevron Phillips Chemical
Dow Chemical Company
E.I. du P ont de Nemou rs Company
ExxonMobile Chemical
Goodyear Tire Rubbe r Company
INEOS Ole„ns P olymers
LyondellBasell Industries
Lubrizol Corpor ation
OxyVinyls, LP
Rohm and Hass T exas
Shell Chemica l
Solvay Chemicals, Inc.
Total Petrochemicals USA
ENERGY I N D UST RY
EXPANSIONS, ACQUISITIONS NEW INVESTMENTS
Aug 2014 EOG Resources increases Eagle Ford reserve
p otential 45%
Aug 2014 Houston oil company grabs assets in East Texas
f or $278 million
Aug 2014 Small gas-to-liquids plant planned for former
H ouston power plant site
Aug 2014 Houston energy startup lands $600M investment.
Aug 2014 North Carolina energy engineering/construction
c onsulting rm opens shop in Houston
Aug 2014 Pattern Development acquires Texas wind farm
d evelopment
July 2014 Fast-growing Tennessee energy company to open
d owntown Houston office
July 2014 Los Angeles MLP acquires Houston energy company
f or $1.6 billion
July 2014 ExxonMobil restarts Pegasus pipeline in Texas
July 2014 Texas’ oil and gas industry expands to
near-record levels
July 2014 New pipe mill near San Antonio will serve Eagle Ford
July 2014 TETRA’s gas compression arm to make $825M
a cquisition
July 2014 Shell announces new Gulf of Mexico discovery
May 2014 Energy MA hits 10-year high
May 2014 Sanchez to buy Shell’s Eagle Ford assets in
$ 639M deal
May 2014 3-Freeport to buy Apache’s Gulf of Mexico assets
a fter shale sale
SOURCES: Energy Information Administration; Greater Houston Partnership SOURCES: Forbes; Houston and San Antonio Business Journal; Houston Chronicle

7. HOUSTON ECONOMIC OUTLOOK
e Port of Houston
The Port of Houston’s market strength and strategic location represents
a winning combination for business growth and increased industrial
development. The economic impact of the Port of Houston is signicant,
accounting for more than 1.1 million jobs and $179 billion of total
economic activity in Texas. Business activities related to the port
generate more than $4.5 billion in state and local tax revenue. Houston
was ranked the No. 1 U.S. city for global trade by Global Trade
magazine and according to a recent report by the U.S. Department of
Commerce’s International Trade Administration, the Houston MSA is now
the top U.S. market for exports based on 2013 statistics.
The Port of Houston Authority (PHA) has planned signicant
infrastructure improvements over the next few years to accommodate
larger vessels and increased cargo resulting from the Panama Canal
expansion. More than $220 million has been allocated for capital
improvement projects in 2013. Approximately $146 million is allocated
to continued development and modernization of Bayport and
Barbours Cut container terminals. In addition, about $5 million has been
allocated for maintenance dredging and related improvements of
the 52-mile Houston Ship Channel. The remaining capital budget will be
used primarily for projects at the general cargo and bulk terminals in
the Turning Basin area and port security. In addition, private industries
have invested over $35 billion in capital improvements along the
ship channel.
The PHA handled more than 1.9 million cargo containers in 2013, for a
total of 19.1 million tons, placing the Port of Houston in the No. 7
spot in the U.S. An immense network of interstate highways and railways
connect the port with an inland market of approximately 100 million
customers. Over 25 million square feet of distribution centers near the
port and other centers are growing around the Houston metro area
in response to the port’s global trade and commerce.
P O R T O F H O U STO N AU T H O R I T Y
TOTAL TONNAGE HANDLED 2010-2013
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0
2010
2011
2012
2013
Short Tons (in millions)
PAGE 7

8. HOUSTON ECONOMIC OUTLOOK
Houston’s location in the south central U.S. strategically places it equidistant from the nation’s major population centers – New York
(1,631 miles) and Los Angeles (1,550 miles). Connection to major national and international locations is facilitated through
Houston’s excellent transportation infrastructure which includes the George Bush Intercontinental Airport, William P. Hobby Airport,
Ellington Field, the Port of Houston, and the well-integrated mainline railroads and trucking system serving the area.
In the Houston MSA, an extensive freeway system spans 575.5 miles and are continually being expanded as the regions population
grows. Between 2003 and 2008, a boom in new construction projects for Houston’s major freeways and tollways signi–cantly
improved mobility and accessibility for the region. Expansion of the Katy Freeway (Interstate 10) was one of the most signi–cant
projects completed in October 2008, with other key improvement projects including Loop 610/West Loop, Southwest Freeway (U.S.
Highway 59 South), Grand Parkway (State Highway 99), North Freeway (Interstate 45 North), Eastex Freeway (U.S. Highway 59
North), Crosby Freeway (U.S. Highway 90), Sam Houston Tollway (Beltway 8), and Westpark Tollway. New and existing projects in
2014 and beyond include the expansion
of Hwy 290, IH 610 and U.S. Hwy
290 interchange, as well as Segment
E and F of the Grand Parkway. The
Houston-Galveston Area Council
revised the 2035 and 2040 Regional
Transportation Plans (RTP), which
provides a 20-year capital projects
improvement plan for area transportation,
detailing capital priorities and
projected expenditures. More than
$61.1 billion of the $87.0 billion estimated
cost for these projects is funded
through toll revenues, property tax,
and Metro sales tax.
NASA/Johnson Space Center
NASA’s Johnson Space Center (JSC) is a $1.8B complex occupying 1,700 acres, –rst established in 1961, and later renamed in 1973
in honor of the late President Lyndon B. Johnson, a native Texan. JSC is one of NASA’s largest research and development
facilities and mission control for all U.S. manned space flight communications, including the International Space Station and Exploration
Programs. From the early space exploration projects Gemini, Apollo and Skylab, came the historic moment when the –rst word
from the moon was “Houston”, and deservedly so, as it took a 15,000-member team in Houston to develop, test and put into action
what millions around the world watched on television in 1969. Since its inception, JSC continues to make signi–cant advances
in science, aeronautics, technology, engineering and medicine.
In 2013 JSC’s workforce represented over 15,000 jobs, including approximately 3,000 civil servants and 12,000 contractor personnel
employed onsite or in facilities in the area. JSC’s top contractors include The Boeing Company, United Space Alliance, Lockheed
Martin, Anadarko Industries, Jacobs Technology, Honeywell International, Bastion Technologies, Science Applications International
Corporation (SAIC), Raytheon Technical Services, Oceaneering Space Systems, and Odyssey Space Research, among many others.
The Mission Control Center at Johnson Space Center directs all space shuttle missions, including international space station assembly
flights. MCC also manages all activity onboard the international space station. JSC serves as the lead NASA center for the
International Space Station – a U.S.-led collaborative effort of 16 nations, and the largest, most powerful, complex human facility to
ever operate in space.
Mobility Infrastructure
2 0 3 5 RT P C A P I TA L P R I O R I T I ES
ROADWAYS TRANSIT PED/BIKE
SH99 Grand Pkwy $6.7B Bus Replacement $2.8B City of Houston $29.9M
US 290 Corridor $3.7B North Corridor $1.6B Greenspoint $29.8M
IH 45 South $1.5B Southeast Corridor 1.1B Galveston/Harris Co. $22.0M
SH 288 $1.4B Northwest Corridor $1.1B City of La Porte $14.9M
US 59 South $1.2B University Corridor $1.0B Westchase District $14.8M
Beltway 8 $1.1B Southwest Commuter $0.7B City of Conroe $12.4M
IH 610 $1.0B East End Corridor $0.7B Sims Bayou Trail $11.6M
SH 146 $0.7B Uptown Corridor $0.6B
ALL ROADWAYS $25.6B ALL TRANSIT $11.9B ALL PED/BIKE $0.3B
1961 PAGE 8

9. HOUSTON ECONOMIC OUTLOOK
PAGE 9
Airport System
The Houston Airport System (HAS) is one of the world’s leading multi-airport facilities and includes George Bush Intercontinental
Airport, William P. Hobby Airport, and Ellington Field. HAS ranked sixth nationally in passenger volume in 2013, carrying an
impressive 50.9 million passengers and 914.2 million pounds of air freight. The Houston Airport System has a local economic impact
of more than $27 billion annually.
1,000,000,000
900,000,000
800,000,000
700,000,000
600,000,000
500,000,000
400,000,000
GEORGE BUSH INTERCONTINENTAL AIRPORT/HOUSTON (IAH), situated
twenty-three miles north of downtown Houston, is the nation’s 12th
busiest airport serving 39.8 million passengers in 2013 and offering 200
domestic and international destinations, with nearly 650 daily departures
including non-stop direct flights to major cities in Europe, Mexico, Latin
America and Asia. IAH is served by 21 scheduled passenger airlines and
numerous charter airlines. The airport is served by 12 all-cargo airlines
handling more than 885 million pounds of cargo in 2013. Currently, IAH has
—ve terminals, no takeoff and landing curfews, and ample land to expand
its facilities as requirements demand. The scope and quality of IAH facilities
make it one of the top U.S. airports for international air cargo traffic.
WILLIAM P. HOBBY AIRPORT is located seven miles southeast of downtown
Houston and is the nation’s 33rd busiest commercial airport, handling over
11 million passengers in 2013. Hobby Airport also serves as a major regional
center for corporate and private aviation, with —ve passenger airlines
offering scheduled service to approximately 117 U.S. destinations and 70
international destinations. There are 255 private aircraft based at Hobby,
including 91 corporate jets and —ve —xed-base operators serving the airport.
AIR CARGO A strong increase in domestic and international trade
continues to drive activity at IAH where the 500,000-SF state-of-the-art Air
Cargo Center handled over 885M pounds of cargo in 2013. With over
900 air freight-related businesses in the area, IAH is among the leading
distribution hubs in the nation with a solid track record of growth and
continued future expansion.
SOURCES: Airport Council International; Houston Airport System
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
A I R F R E I G H T
DOMESTIC INTERNATIONAL CARGO - IN POUNDS
300,000,000
International Domestic
IAH Air Freight Statistics Trends
IAH ranked 14th largest air cargo hub
in the U.S.
IAH is one of the fastest growing distribution
hubs in the U.S.
IAH 2013 air freight cargo exceeded
885M pounds.
IAH has state-of-the-art facilities to globally
transport time-sensitive products.
Houston’s role as a major gateway for
import-export trade is expected to continue
expanding with the new Panama Canal
lock open.
IAH ranked #12 serving almost 40M
passengers in 2013.

10. HOUSTON ECONOMIC OUTLOOK
PAGE 10
Texas Medical Center
The Texas Medical Center (TMC) – the world’s largest medical center – represents one of Houston’s major economic drivers and
core industries with an estimated regional annual economic impact of $15 billion. TMC is also one of Houston’s largest employers with
106,000 employees, including physicians, sc
scientists, researchers and other advanced degree professionals in the life sciences.
T E X A S M E D I C A L C E N
T E R
TMC Patient Care Institutions
DePelchin Children’s Center
The Menninger Clinic
The University of Texas M.D. Anderson Cancer Center
Texas Children’s Hospital
Memorial Hermann Hospital System
The Methodist Hospital
St. Luke’s Episcopal Hospital
Lyndon B. Johnson General Hospital
Quentin Mease Community Hospital
Ben Taub General Hospital
The Institute for Rehabilitation and Research
The Hospice at the Texas Medical Center
Texas Heart Institute
Shriners Hospitals for Children – Houston
Veterans Affairs Medical Center in Houston
TMC Academic Research Institutions
Sabin Vaccine Institute
The University of Houston – Victoria School of Nursing
Texas Children’s Hospital Neurological
Research Institute
Baylor College of Medicine
The University of Texas Health Science Center
at Houston
The University of Texas M.D. Anderson Cancer Center
University of Houston College of Pharmacy
Rice University
Texas AM University Health Science Center
Prairie View AM University College of Nursing
Texas Woman’s University Institute of Health Sciences
Texas Southern University College of Pharmacy
and Health Sciences
Harris County Psychiatric Center
Houston Academy of Medicine
The University of Texas M.D. Anderson Cancer
Center in the Texas Medical Center, ranked
#2 in U.S. News World Reports “Americas
Best Hospitals 2014-2015” for cancer care.
The internationally-renowned, 1,345-acre TMC is the world’s largest
medical complex with 41 member institutions, including leading
medical, academic and research institutions, all of which are non-pro
št and dedicated to the highest standards of research,
education and patient and preventive care. Over 50,000 students,
including more than 20,000 international students, are affiliated
with TMC, including high school, college and health profession
graduate programs. More than 7.2 million patients visit TMC each
year, including approximately 16,000 international patient visits.
In addition to the medical facilities and institutions of higher learning,
TMC is also home to more than 290 professional buildings.
Overall, the complex covers over 18 miles of public and private
streets and roadways, with 45.8M SF of existing patient, education,
and research space. TMC has continued to grow and expand
over the past several decades with the majority of growth occurring
in the past ten years. The Center is located in the 110-acre
University of Texas Research Park, a joint effort between the
University of Texas Health Science Center, M.D. Anderson, and
General Electric Healthcare. TMC spends billions of dollars on
research and charity care annually.
KATY
GALLERIA
BELLAIRE
SUGAR LAND
RICHMOND
PASADENA
LEAGUE CITY
IAH
HOU
EFD
CBD
H
610
290
249
90
59
59
610
288
225
146
I-45
I-45
I-10
I-10
8
8
8
8
SHIP
CHANNEL
GAL
BAY
6
TEXAS MEDICAL CENTER LOCATION
Texas Medical Center
World’s Largest Medical
Complex (1,345 Acres)
106,000 Employees
54 Member Institutions
7.2M Patients Annually
5,000 Physicians
49,000 Life Science Students
$960 million in Charity Care
Houston MSA Health Care
115 Hospitals
19,830 Hospital Beds
13,360 Physicians
299,600 Health Care
Social Assistance jobs
3.5% annual employment
growth

11. HOUSTON ECONOMIC OUTLOOK
Biosciences Biotechnology
PAGE 11
Biotechnology and the life science industry continue expanding in the Houston region with more than 100
institutions and companies attracting over $1.8B in research and development funding annually. Since 2005,
the Texas Emerging Technology Fund has allocated more than $205 million in funds to 145 early-stage
companies, and $220 million in grant matching and research superiority funds to Texas universities. Since 2010,
the state-funded Cancer Prevention and Research Institute of Texas has awarded $382 million in cancer
research, commercialization and prevention grants. Leading research efforts in the area represent established
and emerging industries, including nanotechnology, pharmaceuticals, nutraceuticals, genetics/genomics,
biodefense and infectious diseases, stem cell research, and oncology.
Long known for its research-centric Texas Medical Center (TMC), the Houston region is gaining momentum in
the development and commercialization of products ensuring its place as a major biotechnology and life
sciences cluster. Public and private sector support, including investments by entrepreneurs and venture
capitalists, will continue to be crucial in creating the necessary infrastructure to facilitate the entrance of both
established and start-up private companies committed to biotechnology.
B I O S C I E N C ES I N 2 0 1 3 -2 0 1 4
FEB 2014 DNAtrix snags $10.8 million from Texas cancer-research institute.
FEB 2014 Cancer Prevention and Research Institute of Texas (CPRIT) awards $22.9 million in research grants
to DNAtrix Inc., The University of Texas Medical Branch at Galveston, Baylor College of Medicine,
Rice University, The University of Texas Health Science Center at Houston and the University of Texas
M.D. Anderson Cancer Center.
JAN 2014 Early studies show microspheres could be key in preventing bone infections after joint replacement.
JAN 2014 Houston Biotech company closes major funding round.
OCT 2013 New company to manufacture heart pumps in Houston.
HOUSTON AREA BIOTECHNOLOGY BUSINESS PARKS
Outside of the TMC, the 1,000-acre Research Forest located in The Woodlands (30 miles north of downtown
Houston) is a long-standing major research center designed speci”cally for scienti”c, research and
biotechnology companies. More recently established business parks/organizations geared towards biotechnology
commercialization in the Houston region include the Genesis Biotechnology Park and BioHouston, Inc. Genesis
Biotechnology Park comprises 16 innovative life science companies and researchers located just south of
the TMC. The Park was developed to increase venture capital interests in Houston and is committed to supporting
start-up companies by providing tenant options for shared office, wet laboratory space (including equipment),
and flexible leases.
BioHouston, Inc., a non-pro”t corporation founded by Houston-area academic/research institutions, is actively
leading a broad-based effort to strengthen Houston’s position as a global competitor in life science and
biotechnology. BioHouston’s Resource Center, the ”rst incubator facility serving the Houston life sciences
community, is housed at the Genesis Biotechnology Park, adding a key component to ongoing commercialization
efforts. The Center is speci”cally designed to serve start-up biotech and life sciences companies by offering
access to shared laboratory space, research resources, and networking opportunities with a community of
biotech entrepreneurs.
From its base of cutting-edge research, Houston has taken the next step in its evolution as a primary life
science cluster by creating an environment conducive for private companies to develop and market life science
products. With key initiatives in place to bring together the public and private sectors, as well as signi”cant
improvements to the scope of services and incentives available to private companies, the infrastructure is in
place to capitalize on Houston’s strong research base and convert it into commercialized product. With this
process now in motion, the biotech future in Houston looks bright.

12. e Colliers Advantage
ENTERPRISING CULTURE Colliers International is a leader in global real estate services, de
ned by our
spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the
resources of real estate specialists worldwide to accelerate the success of our partners.
When you choose to work with Colliers, you choose to work with the best. In addition to being highly
skilled experts in their
eld, our people are passionate about what they do. And they know we are invested
in their success just as much as we are in our clients’ success.
This is evident throughout our platform—from Colliers University, our proprietary education and professional
development platform, to our client engagement strategy that encourages cross-functional service integration,
to our culture of caring.
We connect through a shared set of values that shape a collaborative environment throughout our
organization that is unsurpassed in the industry. That’s why we attract top recruits and have one of the highest
retention rates in the industry. Colliers International has also been recognized as one of the “best places
to work” by top business organizations in many of our markets across the globe.
Colliers International offers a comprehensive portfolio of real estate services to occupiers, owners and investors
on a local, regional, national and international basis.
LISA R. BRIDGES
Director of Market Research | Houston
Direct +1 713 830 2125
Fax +1 713 830 2118
lisa.bridges@colliers.com
COLLIERS INTERNATIONAL
1233 W. Loop South
Suite 900
Houston, Texas 77027
Main +1 713 222 2111
$75B
TRANSACTION VALUE
1.46B
*
SF UNDER MANAGEMENT
$2.1B
IN REVENUE
485
OFFICES
15,800
PROFESSIONALS STAFF
SIOR
238
ACCREDITED MEMBERS
63
COUNTRIES
*2013 stats include office, industrial, and
retail properties under management. Residential
properties are excluded from this total.
Accelerating success.
HOUSTON ECONOMIC OUTLOOK
*Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed