by the numbers

Houston makes top 10 list for major metros based on startup growth

A new report finds both Houston and Texas rank highly based on startup creation. Photo by Tim Leviston/Getty Images

Houston is a bustling hub for startup activity — and the numbers don't lie.

A new ranking from real estate investment marketplace Roofstock places Houston at No. 10 among the major U.S. metro areas with the highest rates of startup formation. Roofstock's ranking, based on data from the U.S. Census Bureau, puts the Houston area's startup formation rate at 9.48 percent. The startup formation rate refers to the number of new businesses in a given year divided by the total number of businesses.

Here's the other Houston startup data cited by Roofstock:

  • Annual number of startup formations: 9,214
  • Annual number of jobs created by startups: 55,475
  • Number of jobs created by startups as a share of all new jobs: 14.44 percent

"In the past years, Houston has seen a massive burst in its startup ecosystem. … Houston is one of the best places in the United States for entrepreneurs to launch and grow a business," Houston-based app developer Bixlabs says.

As a matter of fact, the Houston area's ratio of new business founders to total business founders stood at a healthy 21 percent as of December 2020, according to career website LinkedIn. Houston was sandwiched between Salt Lake City (26 percent) and Dallas-Fort Worth (20 percent). Also in 2020 and 2019, Houston ranked sixth on a list published by residential real estate platform Clever of the most affordable U.S. metros for startups.

"Considering Houston's metro is tied with San Antonio's for the highest average investment in small business, and the proximity to great food, the Gulf of Mexico coast, and attractions like Minute Maid Park and the NASA Space Center, we would definitely suggest considering starting a business here," Clever says.

Two other Texas metros appear on Roofstock's list — Austin at No. 3 (startup formation rate of 10.61 percent) and Dallas-Fort Worth at No. 5 (startup formation rate of 9.82 percent).

Here's the additional data for the Austin metro area:

  • Number of annual startup formations: 3,858
  • Number of annual new jobs created by startups: 21,357
  • Number of jobs created by startups as a share of all new jobs: 16.49 percent

Here's the additional data for the Dallas-Fort Worth metro area:

  • Number of annual startup formations: 10,731
  • Number of annual new jobs created by startups: 69,696
  • Number of jobs created by startups as a share of all new jobs: 15.11 percent

The Las Vegas metro area holds the No. 1 spot on the Roofstock list, with a startup formation rate of 11.44 percent.

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Building Houston

 
 

Simulation runs through June 30 downtown. Photo via Post Houston

Aclever, Houston-based duo has unveiled a new digital art experience at downtown’s hottest hub. Creative technologist Billy Baccam and multidisciplinary artist Alex Ramos, founders of Input Output Creative Media Lab, have launched “Simulation,” the first artist residency at Post Houston. The show runs through June 30.

The creative team has transformed part of POST Houston's X atrium into a creative media lab. There, Baccam and Ramos have experimented with various kinds of emerging technologies to prototype and develop art experiences.

Mediums in the show include projection mapping, 3D printing, body tracking, camera vision, augmented reality, LEDs, and computer simulation, per a press release.

The “Simulation” layout utilizes the glass wall as an interface for the public to experience the art. Internally, viewers can see an amalgamation of machinery, wires, gizmos, and gadgets similar to the inner workings of a computer.

Externally, viewers can explore and interact with the art through the glass wall via body tracking sensors, augmented reality via QR codes, and just by merely watching. Various books, movies, and other memorabilia have been scattered throughout the space to showcase inspiration on the subject matter of simulations and their influence on culture, a release notes.

“We’re super excited to be able to share the art we have diligently been working on for ‘Simulation,’” the team notes in a statement. “We’ve been able to explore a variety of new mediums such as 3D printing and augmented reality while also getting a chance to dive deeper into our previous works based on projection mapping, interactivity, and computer simulations. As we continue to create, learn, and iterate, the pieces will also evolve to reflect our growth. We thank the public for engaging with our work and bringing about moments of joy and wonder.”

For more information on the duo, visit www.inputoutput.space or @1nput0utput on Instagram.

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This article originally ran on CultureMap.

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