1. Houston:
The Next Great Global City
Bob Harvey
President and CEO
Greater Houston Partnership

2. Greater Houston Partnership
Houston’s Leading Business Organization
Economic Development
+
International Trade and
Investment
Public Policy
Regional
Consensus Builder

3. GHP Service Area
Ten County Houston Region

4. Houston '82-'87
Phoenix
Riverside
Tampa
Miami
Los Angeles
San Francisco
Atlanta
Seattle
San Diego
Chicago
Minneapolis
St. Louis
Baltimore
Philadelphia
Dallas
New York
Houston
DC
Boston
A shallow recession for Houston
-3.3%
-4.2%
-4.5% -4.6%
-5.1% -5.2%
-5.7%
-6.2%
-6.5%
-7.4%
-7.8% -7.8% -7.8%
% Jobs Lost During Recession
20 Largest U.S. Metro Areas*
-8.2%
-9.7%
-10.2%
-11.2%
Source: U.S. Bureau of Labor Statistics
* Excludes Detroit
-12.4%
-12.9% -13.2%

5. Steady job growth
Total Nonfarm Payroll
(Not Seasonally Adjusted)
Houston Metro Area, '04 - '14
2.9
Employment (Millions)
2.8
2.7
2.6
2.5
2.4
2.3
2.2
Jan '04
Jan '05
Jan '06
Source: Texas Workforce Commission
Jan '07
Jan '08
Jan '09
Jan '10
Jan '11
Jan '12
Jan '13
Jan '14

6. Outpacing the nation
Percent of jobs recovered through August ’13
Houston vs. Top 10 Metros
203.9%
Houston
161.2%
Dallas
143.8%
Washington
125.3%
Boston
97.5%
New York
73.5%
Atlanta
70.8%
San Francisco
66.5%
Chicago
Philadelphia
Miami
Los Angeles
45.5%
41.5%
39.1%
100%
Source: U.S. Bureau of Labor Statistics
Seasonally unadjusted

7. Key Economic Indicators
Vehicle Sales (000s)
Value of Building Permits ($ Millions)
12-Month Total, Metro Houston
Metro Houston
400
7000
6000
350
5000
300
4000
250
3000
2000
200
1000
0
150
'04
'05
'06
'07
'08
'09
'10
Source: TexAuto Facts Report by InfoNation
'11
'12
'13
'04
'05
'06
'07
Source: City of Houston
'14
'08
'09
'10
'11
* Projected
Sales Tax Collections ($ Millions)
'13*
Home Sales (000s)
City of Houston, ’04 Constant Dollars
'12
12-Month Total, Metro Houston
500
100
90
450
80
400
70
350
60
300
50
250
40
'04
'05
'06
'07
'08
Source: Texas State Comptroller
'09
'10
'11
'12 '13*
* Projected
'04
'05
'06
'07
'08
Source: Houston Association of
'09
REALTORS®
'10
'11
'12
'13
'14

8. Key Economic Indicators - Energy
Texas Crude Oil Production
U.S. Rig Count
Barrels (000s)
Monthly Average
2,500
800
700
600
500
400
300
200
100
0
2,000
1,500
1,000
500
0
'04
'05
'06
Source: Baker Hughes
'07
'08
'09
'10
'11
'12
'13
'04
'05
'06
'07
'08
'09
Source: Texas Railroad Commission
'14
Spot Price, Henry Hub Natural Gas
'11
'12 '13*
* Projected
Spot Price, West Texas Intermediate
Monthly Average, $/BBL
14
'10
Monthly Average, $/BBL
160
12
140
10
120
8
100
6
80
60
4
40
2
20
0
0
'04
'05
'06
'07
'08
'09
'10
Source: U.S. Energy Information Administration
'11
'12
'13
'14
'04
'05
'06
'07
'08
'09
'10
Source: U.S. Energy Information Administration
'11
'12
'13
'14

9. Employment Trends
12-Month Growth Rate
15.0%
Mining and Manufacturing
Secondary Sectors
10.0%
5.0%
0.0%
-5.0%
-10.0%
-15.0%
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Source: GHP calculations based on Texas Workforce Commission data
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14

10. Above average job growth
Metro Houston Employment (000s)
105.8
105.2
90.8
43.4
Average = 42.6
89.2
105.7
88.8
81.2
80.7 76.0
59.0
52.9 51.8 52.4
47.4
37.5
17.7
19.5
17.4
-11.4
-107.4
'91
'92
'93
'94
'95
'96
'97
'98
Source: U.S. Bureau of Labor Statistics
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
GHP Forecast for '13
-3.2
-10.4
August '12 - August '13
3.6

11. Houston:
The Next Great Global City

12. Seven Emerging Themes
• Education
• Transportation Infrastructure
• Quality of Life Issues
• Local Government Issues
• Healthcare Access and Affordability
• Economic Drivers Beyond Energy
• The New Face of Houston

13. Houston:
The Next Great Global City
Bob Harvey
President and CEO
Greater Houston Partnership