Economic Development

Overall, 63% of Houston households have faced serious financial problems related to the COVID-19 crisis. And the overwhelming majority of Black (81%) and Latino (77%) households report having major financial troubles, according to a recent survey.

By design, Houston is car-dependent. Yet, Kinder Surveys have shown that half of Houstonians want to live where they can walk more and drive less. Recently approved ordinances that promote walkability in neighborhoods should help. Importantly, in certain areas, the new regulations will eliminate and reduce minimum parking requirements, which are considered costly, unfair and inefficient by many experts.

A new report measuring the damage done to America’s creative economy by COVID-19 shows the South, Texas and Houston are among the most devastated. At the metropolitan level, the Houston area is the largest metro suffering the worst losses.