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Here's how Houston and Texas rank for tech job growth in the U.S.

Houston's tech growth has been consistent over the past decade, as has the entire state of Texas. Christina Morillo/Pexels

Since 2010, Houston has seen an influx of over 16,800 tech-related jobs added to the workforce, which now includes an estimated 227,788 workers. Both Houston and Texas' tech workers are now estimated to represent over 7 percent of the total workforce.

Texas comes in second nationwide — behind California — for its net tech employment, according to CompTIA's Cyberstates 2019 report, and third for net tech jobs added in 2018 in the study's Cyberstates Innovation Score. Meanwhile, Houston ranks No. 12 out of 46 metros for net tech employment.

"Houston has long been on the leading edge of innovation since our earliest days, thanks to the oil and gas industry, medicine, and NASA," says Mayor Sylvester Turner in a release. "Now, as hub for STEM talent and one of the top cities for attracting millennials, Houston is charting a course to become a leading digital tech hub. We have the legacy know-how, digital smarts and diversity of people and ideas. Houstonians work every day to solve the problems that matter across industries like energy and life sciences. I think that leaves us well-positioned for the future."

While the past decade shows job growth, Houston actually lost its footing a little between 2017 and 2018, the report finds. The Bayou City had a net loss of almost 2,000 jobs in that timeframe. Meanwhile, Houston's emerging tech job postings increased by 140 percent.

While the number of jobs shrunk, the report finds that Houston's tech job median wages are significantly higher — 93 percent higher, to be exact — than the country's median wages. When it comes to tech gross regional product, Houston had a reported $28.1 billion in 2018, which is less than half of what Dallas is estimated to have ($64 billion) and around what Austin had ($31.3 billion).

"Home to several innovative cities, Texas is a real leader in not only attracting tech talent, but also in capturing venture capital funding – $1.5 billion last year – to help startups flourish throughout the state," says Sarah Matz, director of state government affairs for CompTIA in Texas, in a release. "The state's dynamic tech industry plays a vital role in our economy and provides a growing number of high-wage jobs for Texans."

The report, which estimated tech job growth projections for 2026, shows the future looks bright both in Houston and the state as a whole. For Houston, the research predicts a growth of almost 9,000 (5.9 percent) tech jobs by 2026, and Texas is expected to grow by almost 85,000 jobs, a 13.3 percent increase.

Technology wasn't one of Houston's top four growing industries, the report found. The industries that saw the most growth in Houston were construction, manufacturing, health care, and hospitality, respectively. However, when you zoom in on tech specifically, the jobs that had the most growth were software and web developers, computer system and cybersecurity analysts, and computer support specialists.

"As the pace of change in Houston's core industries such as energy, life sciences and manufacturing quickens, Houston has embarked on a broad, community-wide effort to ensure the digital disruptors across these and other sectors bring their talents to bear in Houston," says Bob Harvey, president and CEO of the Greater Houston Partnership, in the release. "We're a city where startups and tech innovators have access to the top customers and leading minds across these fields, reducing friction and speeding time-to-market on game-changing products and technologies."

The study's methodology analyzed data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, the U.S. Patent and Trademark Office, Economic Modeling Specialists International (EMSI), Burning Glass Technologies, Hoovers, PwC/CBInsights MoneyTree, and more.

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Building Houston

 
 

Data Gumbo, founded and led by Andrew Bruce, has announced its latest funding. Photo courtesy of Data Gumbo

A Houston-based tech company has announced another round of funding to support its blockchain network growth as well as to establish a presence in the Middle East.

Data Gumbo has closed its series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures. The round includes participation from Saudi Aramco Energy Ventures and Bay Area and Houston-based venture firm L37. The round's first close was announced in September 2020 at $4 million. The additional funds to close the Series B will be used to scale Data Gumbo to serve demand for GumboNet™ and GumboNet™ ESG. Additionally, Data Gumbo plans to establish a presence in the Middle East to cover expected demand growth in the region.

"The successful close of our series B is continued proof of the efficacy and booming interest in our ability to capture critical cost savings, deliver trust and provide transparency across commercial relationships," says Andrew Bruce, founder and CEO of Data Gumbo, in a news release. "Compounded by the growing demand for transparent, accurate sustainability data and the launch of our automated ESG measurement solution, GumboNet™ ESG, Data Gumbo's trajectory is well-positioned to serve our growing customer base by ensuring economic productivity and value. This infusion of capital will support our expansion efforts as we bring more international users to our network."

With this latest raise, Data Gumbo's total funding raised to date is $18.4 million.

"Data Gumbo's success is marked by a wide variety of business use cases and opportunities for expansion," says Bruce Niven, chief investment officer at Aramco Ventures, in the release. "Our continued investment is a testament to our continued support as the company attracts new customers, experiences further demand for its network and gains traction in new markets."

The company's technology features smart contract automation and execution, which reduces contract leakage, frees up working capital, enables real-time cash and financial management, and delivers provenance with unprecedented speed, accuracy, visibility and transparency, per the release.

"Data Gumbo is the market leader for smart contracts backed by blockchain, and the coming year will be a period of exponential growth for the company as they penetrate new industrial markets," says Kemal Farid, partner at L37, in the release. "We believe strongly that GumboNet will become the de facto network for smart contracts across industries for capturing value and solving enormous pain points in contractual relations. Additionally, as companies move to meet increasing sustainability measurement demands and ESG improvements, there is a huge growth path available for Data Gumbo with the launch of GumboNet ESG."

Earlier this year, the company announced its environmental, social and corporate governance tracking and reporting tool.

"Equinor's recent pilot at the Johan Sverdrup field has demonstrated that GumboNet can create strong value for the partnership," says Gareth Burns, head of Equinor Ventures, in the release. "Our follow-on investment confirms Equinor Ventures' confidence in Data Gumbo's solution for our company and the broader energy industry."

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