New to HOU

Houston's big population boom continues with this many new residents each day

The Houston metro area's population grew by more than 90,000 people between 2017 and 2018, according to the U.S. Census Bureau. Photo by Zview/Getty Images

The meteoric rise of the Houston metro area's population continues skyward. From 2017 to 2018, the region added about 251 residents per day, according to population estimates released by the U.S. Census Bureau.

Put another way, the Houston-The Woodlands-Sugar Land region gained 91,689 residents in just one year, the Census Bureau says. That's as if the region absorbed a city around the size of, well, Sugar Land, every 365 days.

All in all, the Houston area ranked third in numeric population growth from 2017 to 2018 among U.S. metro areas with at least 1 million residents, the bureau's estimates show. On July 1, 2017, the bureau counted an estimated 6,905,695 residents in the Houston area. On the same date on July 1, 2018, the area's population stood at 6,997,384. The bureau's estimates take into account people moving into and out of the Houston area, as well as births and deaths.

If you think that growth rate is impressive, consider the Houston area's leap in population from 2010 to 2018.

For that period, Houston ranked second among all U.S. metro areas for population growth on a numeric basis. The Census Bureau says the region's headcount shot up about 18.2 percent from 2010 to 2018, going from 5,920,487 to 6,997,384.

Fort Bend has done its part to feed the Houston area's growth. Among U.S. counties, Fort Bend County ranked 10th for population growth on a percentage basis from 2017 to 2018. The headcount spiked 34.7 percent, from 584,690 to 787,858.

Elsewhere in Texas:

  • Dallas-Fort Worth led U.S. metro areas for numeric growth in population from 2017 to 2018, adding 131,767 residents. In just one year, the region's population rocketed from 7,407,944 to 7,539,711 (1.8 percent).
  • The Austin metro area's population grew 2.5 percent from 2017 to 2018, going from 2,115,230 to 2,168,316, an added 53,086 residents.
  • The population of the San Antonio metro area grew 1.8 percent from 2017 to 2018, going from 2,474,274 to 2,518,036. In that one-year span, the area added 43,762 residents.
  • For 2017 to 2018, Comal County ranked sixth among U.S. counties for percentage growth in population. The number of residents jumped 36.8 percent, from 108,485 to 148,373.
  • In seventh place for percentage population growth among U.S. counties from 2017 to 2018 was Kendall County. The number of residents soared 36.6 percent, from 33,411 to 45,641.

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This article originally ran on CultureMap.

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Building Houston

 
 

This Houston-based SPAC has announced the tech company it plans to merge with. Photo courtesy of Gow Media

A Houston SPAC, or special purpose acquisition company, has announced the company it plans to merge with in the new year.

Beaumont-based Infrared Cameras Holdings Inc., a provider of thermal imaging platforms, and Houston-based SportsMap Tech Acquisition Corp. (NASDAQ: SMAP), a publicly-traded SPAC with $117 million held in trust, announced their agreement for ICI to IPO via SPAC.

Originally announced in the fall of last year, the blank-check company is led by David Gow, CEO and chairman. Gow is also chairman and CEO of Gow Media, which owns digital media outlets SportsMap, CultureMap, and InnovationMap, as well as the SportsMap Radio Network, ESPN 97.5 and 92.5.

The deal will close in the first half of 2023, according to a news release, and the combined company will be renamed Infrared Cameras Holdings Inc. and will be listed on NASDAQ under a new ticker symbol.

“ICI is extremely excited to partner with David Gow and SportsMap as we continue to deliver our innovative software and hardware solutions," says Gary Strahan, founder and CEO of ICI, in the release. "We believe our software and sensor technology can change the way companies across industries perform predictive maintenance to ensure reliability, environmental integrity, and safety through AI and machine learning.”

Strahan will continue to serve as CEO of the combined company, and Gow will become chairman of the board. The transaction values the combined company at a pre-money equity valuation of $100 million, according to the release, and existing ICI shareholders will roll 100 percent of their equity into the combined company as part of the transaction.

“We believe ICI is poised for strong growth," Gow says in the release. "The company has a strong value proposition, detecting the overheating of equipment in industrial settings. ICI also has assembled a strong management team to execute on the opportunity. We are delighted to combine our SPAC with ICI.”

Founded in 1995, ICI provides infrared and imaging technology — as well as service, training, and equipment repairs — to various businesses and individuals across industries.

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