Economy

Houston's Big Opportunity for Better Urban Development

Following the tragedy, Houston will have the opportunity to reinvent itself as a more resilient, sustainable, and economically vibrant city.
The Flint Hills Resources oil refinery with downtown Houston in the backgroundDavid J. Phillip/AP

Hurricane Harvey, the worst rain storm ever recorded, unleashed heart-breaking damage, but there is little doubt Greater Houston will rebound. It’s long been one of the country’s fastest growing and most vibrant regions, with a population fast approaching seven million people and projected to grow to more than 11 million by 2050. With an economic output of nearly $500 billion, its economy is roughly the size of Sweden, Poland or Belgium, placing it among the 25 most productive nations in the world. It is a center of high-tech energy production, with concentrations of software engineers and high-tech talent that are among the highest in the world.

With its abundant economic assets and talent, we are confident that Houston will rebuild. The question is: How?