Home » Fort Bend People & Places

Fort Bend County Ranks No. 1 for Incoming Investments in Texas


Print

Thriving Economy Continues To Grow Each Year

Fort Bend County ranked No. 1 in Texas and No. 5 in the United States as the area with the most incoming investments, according to a recent report by SmartAsset. The data, aggregated from various sources including the U.S. Census Bureau, showed that the county ranked highly in several further categories, including gross domestic product (GDP) growth, new building permits and municipal bonds.

“We have always said the best way to predict the future is to create it,” said Jeff Wiley, president and CEO of the Greater Fort Bend Economic Development Council. “While we have not sought out national recognition, it is a byproduct of a dynamic growth story that has been in the making for close to three decades. Successful businesses that have invested in Fort Bend, such as Fluor Corporation, Schlumberger, Eco Labs\Nalco Champion, Texas Instruments, ALDI and Minute Maid, encourage people to seek work in the county and to live in an area that provides an exceptional standard of living and quality of life. This latest analysis simply reinforces how businesses are flourishing and that the future for new ventures in Fort Bend County is promising.”

The thriving economy in Fort Bend County continues to grow year after year, evident in the GDP increase. The county ranked No. 10 in Texas with a GDP growth of over $3.5 million from 2013 to 2014, demonstrating that incoming investments are producing jobs and driving the county’s increased employment growth rate of 5.5 percent. Fort Bend also ranked No. 1 in Texas and No. 2 in the United States for the highest number of new building permits granted per 1,000 homes.

Municipal bonds continue to play a big role in Fort Bend County. From 2013 to 2014, the county had a municipal bonds index of 2.13, earning the No. 8 spot in Texas. These bonds preserve and enhance factors such as mobility, water and safety and are responses to the county’s high growth in employment and residential opportunities.

Fort Bend continues to place in the top 10 in employment growth rate among the largest counties in the nation. It boasts a diverse workforce that attracts a sizable share of major corporations and Fortune 500 companies. Both the economic diversity and growing workforce are direct contributors to the county’s success.

For the full rankings list and methodology, visit smartasset.com/investing/investment-calculator – texas. For additional information about Fort Bend County, visit FortBendCounty.com or call 281-242-0000.


Comments are closed.