WELCOME TO THE UNREAL WORLD

Houston earns mediocre grade in ranking of best metros for college grads

Graduates are tossing their hats into an uncertain world right now. Photo by skynesher/Getty Images

This year's college graduates are entering a real world that's more unreal than any we've seen in our lifetimes. And they're facing a world with uncertain prospects.

Against that jarring backdrop, the Apartment List website developed a ranking of the top U.S. metro areas for college graduates, and Houston sits in the middle of the pack. The Bayou City ranks 26th among the country's 50 largest metro areas.

The ranking, published May 13, takes into account six data points:

  • Average wages among recent college graduates
  • March 2020 unemployment rate
  • Rental costs for recent college graduates
  • Share of adult population with a college degree
  • Share of recent college graduates working in remote-friendly occupations
  • Share of workforce in high-risk industries

Houston fares well in terms of average wages among recent college graduates ($46,681) and college graduates working in remote-friendly occupations (73 percent), but doesn't fare as well for the share of adults with a college degree (31 percent) and the share of full-time workers in high-risk industries (13 percent).

Austin appears at No. 6 on the list, with Dallas-Fort Worth at 21 and San Antonio at No. 43. Apartment List says Austin's economic scores "are well-rounded across the board," but the metro area stands out for its high share of college-educated adults (43 percent) and high share of college graduates working in remote-friendly occupations (77 percent).

"Each of the nation's five largest metropolitan areas — New York, Los Angeles, Chicago, Dallas, and Houston — failed to break the Top 10," Apartment List notes. "The Class of 2020 is better off looking into smaller regions that strike a healthier balance between affordability and economic opportunity."

San Jose, California, the epicenter of Silicon Valley, tops the ranking, followed by San Francisco; Washington, D.C.; Boston; and Milwaukee.

Ranked last is Las Vegas, preceded by Riverside-San Bernardino, California; New Orleans; Miami; and Orlando, Florida.

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This article originally ran on CultureMap.

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Building Houston

 
 

Houston-based NanoTech Inc. has announced it's closed its seed round of funding. Photo courtesy of NanoTech

It's payday for a Houston startup that is housed out of the new Halliburton Labs. Nanotech Inc., which material science for fire-proofing and insulation, has announced the close of its $5 million seed round.

According to NanoTech's news release, Austin-based Ecliptic Capital led the investment round. Additionally, the deal also resulted in the conversion of a simple agreement for future equity, or SAFE, that was previously issued to Halliburton Labs.

"The investment from Ecliptic Capital will allow us to scale our business to achieve our mission of fireproofing the world and reducing global energy consumption. Additionally, our participation with Halliburton Labs provides us with the support of a Fortune 500 company." says NanoTech's CEO Mike Francis in the release.

Based in Austin, Ecliptic Capital is a fund focused on early-stage startups and supports a wide range of technologies across neglected geographies and industries.

"Ecliptic is proud to partner with NanoTech as the company's founding institutional investor," says Mike W. Erwin, founder of Ecliptic Capital, in the release. "We're excited to work with the company and leverage our operational expertise to rapidly scale this impactful, world-changing technology. We look forward to a new world where NanoTech accelerates the thermal management market from science-fiction to science-fact."

Halliburton Company chose NanoTech among a round of contenders to be the first participant of their 12-month program located at their Houston headquarters. Halliburton provides Nanotech with its own office space, access to Halliburton facilities, technical expertise, and an extensive network to accelerate their product to market.

'We are thrilled to see a Halliburton Labs participant secure their first round of financing, and congratulate the Ecliptic and NanoTech teams,' says Scott Gale, Halliburton Labs executive director, in the release. 'We are confident in the path forward as they work towards achieving a clean energy future.'

NanoTech's proprietary technology has the ability to be utilized for various industries — including commercial construction, chemical plants, oil and gas, aviation, utilities and much more — for eco-friendly spray-on insulation and fireproofing.

"As a company, we are just scratching the surface on where our technology will be used and can't wait to see the business scale." adds Mike Francis.

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