Some 80% of Texas’ 29 million residents live in large cities or metropolitan areas, which are the economic drivers in the state. If the recovery is going to be successful after the COVID-19 pandemic ends, it’s important that preparations begin now.
Long known as a place where everything except the cost of living is big, the state seems to be losing its edge in the area of home prices — especially in its large metros. Continuing in that direction could lead to trouble down the road.
Despite the current coronavirus-driven economic slowdown and drop in oil prices, Houston continues to be one of the fastest-growing and most prosperous metropolitan areas in America. The metro area continues to add about 100,000 residents annually and has a gross domestic product of a half-trillion dollars per year.
When it comes to health care, most people know they can either put in the work of maintaining a healthy diet and getting enough exercise now or pay a much higher price — physically and fiscally — later in life. The same is true when it comes to the health and well-being of a city and its residents. In the long run, it’s smarter and less expensive for local governments to invest now to ensure they are prepared to handle unexpected disasters and possibly prevent problems altogether in the future.
One day before the release of the city’s Resilient Houston plan on Wednesday, a new network of resilient cities was publicly announced at the UN-Habitat World Urban Forum in Abu Dhabi. Houston will be a member of the network.