UK, Texas pledge closer trade ties in recently signed agreement

doing business

Texas Gov. Greg Abbott signed the document in London alongside U.K. Trade Secretary Kemi Badenoc. Photo via LinkedIn

Britain signed a trade agreement with Texas on Wednesday, the eighth the U.K. has inked with a U.S. state in the absence of a wider free trade deal with the U.S. government.

Texas Gov. Greg Abbott signed the document in London alongside U.K. Trade Secretary Kemi Badenoch. Abbott also met with Prime Minister Rishi Sunak, who told him it was an “exciting moment.”

The "statement of mutual cooperation” is not a full trade deal because individual U.S. states do not have the power to sign those, but it commits Britain and Texas to improve cooperation between businesses and tackle regulatory barriers to trade.

“Understand that this is far more than a document,” Abbott said. “What we signed our names to today is a pathway to increased prosperity.”

During and after Britain’s 2016 referendum on European Union membership, supporters of Brexit argued that a chief benefit of leaving the bloc, and its vast free market of almost half a billion people, was the chance for the U.K. to make new trade deals around the world.

U.K.-U.S. trade talks were launched with fanfare soon after Britain left the EU in 2020, but negotiations faltered amid rising concern in the U.S. administration about the impact of Brexit, especially on Northern Ireland.

Instead, Britain has resorted to signing agreements with states including Florida, Indiana and North Carolina.

Although these agreements do not lower tariffs, as a free trade deal would, they can provide some help for businesses through recognizing U.K. qualifications or addressing state-level regulatory issues.

The friendship state is also known for its business friendliness — for 19 years running, according to one report. Photo via Getty Images

Texas continues its reign as the top state for business

We're No. 1

The Texas business sector has a pretty impressive winning streak when its compared to the rest of the country.

For the 19th consecutive year, CEOs surveyed by Chief Executive magazine have named Texas the best state for business. For its annual survey, the magazine questions CEOs about each state’s business climate, workforce, and quality of life.

“The state’s combination of business-friendly policies, growing cities, a rising professional class, and a direct appeal to CEOs who aren’t happy with California continues to keep Texas at the head of the class,” the magazine says.

Texas Gov. Greg Abbott touted the Chief Executive honor in a recent news release.

“Texas is attractive to CEOs and their businesses because we offer the freedom and opportunity that cannot be found elsewhere: no state income tax; a stable, predictable regulatory structure; and a young, educated, and growing workforce ready to take on the jobs of tomorrow,” the governor says. “Workers know that in Texas you can find a good home, a great education for your children, and plenty of companies that provide an ample income to support their family.”

The Chief Executive accolade comes almost two months after Texas claimed its 11th straight Governor’s Cup from Site Selection magazine. The Governor’s Cup recognizes the nation’s top-performing state for job-creating business relocations and expansions.

“Texas truly is America’s economic engine, and we stand apart as a model for the nation,” Abbott said in a March 2023 news release about the Governor’s Cup victory.

Another report, from business credit card experts Capital on Tap, deemed Texas as the second best state to start a small business, right after Florida. They retrieved their data from the U.S. Bureau of Labor Statistics based on several factors, including new firm survival rates, corporate tax rates, the number of entrepreneurs per state, and more. The Lone Star State's friendly tax framework and lack of income tax was among the reasons cited by that study. Additionally, if a small business owner in Texas needed to take out a loan, they’d be able to secure $4,811 per employee, which is the fifth-highest average loan amount in a calculation of all 50 states.

Meanwhile, WalletHub, a personal finance resource website, ranked Texas as the third best state to start a business in its recent list, 2023's Best & Worst States to Start a Business, with a score of 56.85 points. Texas ranked behind Utah, No. 1, and Florida, No. 2, and just ahead of Colorado. Idaho, Georgia, Arizona, Nevada, Oklahoma, and California make up the rest of the top 10, respectively.

Whatever the study, Texas ranks high on any list of states recognized for their business climate.

Vicki Hollub has been appointed chairwoman of the Texas Economic Development Corp. Photo via Oxy

Houston energy exec named to statewide position

mover and shaker

Vicki Hollub, president and CEO of Houston-based oil and gas company Occidental Petroleum, has been appointed chairwoman of the Texas Economic Development Corp.

Hollub, who lives in Galveston, had been vice chairwoman of TxEDC, a privately funded nonprofit that collaborates with the state-funded Governor’s Office of Economic Development and Tourism to promote Texas as a business location. She succeeds Temple businessman Drayton McLane Jr., former owner of the Houston Astros, as chair of the Austin-based organization.

Hollub became the first woman to lead a major American oil and gas company when she was tapped as Occidental’s president and CEO in 2016. She has worked at Occidental for 35 years.

In a 2020 interview, Hollub outlined Occidental’s future as a “carbon management company.”

“Ultimately, I don’t know how many years from now, Occidental becomes a carbon management company, and our oil and gas would be a support business unit for the management of that carbon. We would be not only using [CO2] in oil reservoirs [but] capturing it for sequestration as well,” Hollub said.

Aside from elevating Hollub to the role of chairwoman, Gov. Greg Abbott has named Houston’s Mauricio Gutierrez to the TxEDC board of directors. Gutierrez is president and CEO of Houston-based NRG Energy.

Abbott’s office also made two other recent business-related announcements involving the Houston area:

  • Workforce development grants from the Texas Talent Connection program were awarded to Alvin Community College, the Bay Area Houston Advanced Technology Consortium, Capital IDEA of Houston, Lone Star College, the University of Houston – Downtown, and Volunteers of America.
  • Grants for science, technology, engineering, and math (STEM) summer youth camps were awarded to Lone Star College – Tomball, the University of Houston – Clear Lake, Brazosport College, the San Jacinto Community College District, and Houston Community College.
We're all work and no play. Photo courtesy of AFlags

Texas clocks in among 5 hardest-working states in America, study shows

labor of love

With a nod to disco diva Donna Summer, Texans work hard for the money.

A new study from personal finance website WalletHub puts Texas at No. 5 among the hardest-working states, down one spot from No. 4 in last year's study. Ahead of Texas are, in descending order, Alaska, North Dakota, Nebraska, and South Dakota.

To determine where Americans work the hardest, WalletHub compared the 50 states across 10 key indicators. Those factors include average number of workweek hours, share of workers with multiple jobs, and annual number of volunteer hours per resident.

Boosting Texas on this list is the state's average number of workweek hours. The Lone Star State ranks fourth in that category.

Texas also ranks high for the following:

  • Share of workers who leave vacation time unused (No. 11).
  • Share of workers who are "engaged" (No. 5).

Texas ranks low for the share of workers with multiple jobs (No. 46) and the employment rate (No. 39).

More than 13.2 million Texans were employed in July in the state's civilian workforce, according to the U.S. Bureau of Labor Statistics. That month, the statewide unemployment rate stood at 6.2 percent. The civilian workforce includes people who are inmates, agricultural workers, and federal employees, but not those who are active-duty military personnel.

In July, Gov. Greg Abbott lauded the state's "young, growing, and skilled workforce" for helping forge a "diversified and resilient economy."

"The Texas economy is booming. Businesses are investing in the Lone Star State at a record pace because we've built a framework that allows free enterprise to flourish and hardworking Texans to prosper," Abbott said.

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This article originally ran on CultureMap.

How's startup life in Texas? Well, it's the best in the nation, according to a new ranking. Photo via Getty Images

Report: Texas ranks as the best state to start a business

lone star startups

If you're a Texan looking to launch a startup, you appear to be in the right place.

Personal finance website WalletHub puts Texas at No. 1 in its new ranking of the best and worst states for starting a business. Across the 50 states, WalletHub compared 28 key indicators of startup success to come up with the list.

In the general bucket for "business environment," Texas ranked second. It dropped to 12th in the "access to resources" category and 32nd in the "business costs" category. Digging deeper, Texas appears at No. 4 for the average length of the workweek, No. 5 for the highest total spending on incentives as a percentage of GDP, and No. 6 for average growth in number of small businesses. However, Texas scored a below-average 29th-place ranking for labor costs.

"Choosing the right state for a business is … crucial to its success," WalletHub explains. "A state that provides the ideal conditions for business creation — access to cash, skilled workers, and affordable office space, for instance — can help new ventures not only take off but also thrive."

The WalletHub accolade follows a handful of other recent plaudits for Texas' business-friendly environment.

In March, Site Selection magazine awarded its Governor's Cup to Texas. The Governor's Cup honors the top states for job creation and capital investment.

"Despite the challenges faced from the COVID-19 pandemic, we've seen what Texas can achieve when we foster an environment that empowers people to succeed," Gov. Greg Abbott said in a statement about the Governor's Cup win. "The Texas model continues to inspire entrepreneurs and innovators and attract job creators from across the country, and I look forward to spurring more job growth and opportunity for all Texans in every corner of our great state."

A month later, Chief Executive magazine crowned Texas the best state for business for the 17th consecutive year.

But Texas ranked fourth in CNBC's recent rundown of the top states for business in 2021. "A fourth-place finish would be good for most states, but not Texas. This year's finish ties for the worst-ever for the four-time Top State, which last won in 2018," CNBC says.

CNBC says Texas finished fourth based on the strength of its workforce and economy.

"But Texas was hurt this year by policies that run counter to the study's increased focus on inclusiveness," adds CNBC, pointing out that Abbott is pressing ahead with these policies during the current special session of the Texas Legislature.

Abbott's agenda for the special session includes legislation that critics view as watering down voting rights, attacking public school education about racism, and punishing transgender competitors in school sports. Supporters say these measures would preserve election integrity, strip critical race theory from public education in Texas, and protect females participating in school sports whose gender identity aligns with their birth gender.

Texans have been rightfully wary of the grid. Photo by Getty Images

ERCOT announces plan to improve Texas power grid reliability

a better grid

Texas Gov. Greg Abbott recently demanded aggressive action from state utility regulators to shore up the power grid.

Now, the Electric Reliability Council of Texas, or ERCOT, is revealing its plan to address improvements.

On Tuesday, July 13, ERCOT released a 60-item roadmap it said will be updated regularly through the end of the year. The council says it includes both existing and new initiatives.

Here are a few of the items, according to ERCOT:

  • Taking a more aggressive approach by bringing more generation online sooner if it's needed to balance supply and demand. The grid operator is also purchasing more reserve power, especially on days when the weather forecast is uncertain.
  • Requiring CEO certifications. After a rule change, all market participants who own or operate generation resources and/or transmission/distribution power lines will be required to submit a letter signed by their CEO twice a year certifying their companies have completed their weatherization preparations to protect the electric grid for the summer and winter seasons.
  • Adding new requirements for generation owners. ERCOT is proposing a new market rule that requires generators to provide operational updates more frequently.
  • Assessing on-site fuel supplies. ERCOT is reviewing the need for on-site fuel supplies for some generators.
  • Performing unannounced testing of generation resources. ERCOT says this testing helps verify that generators have provided accurate information about their availability.
  • Addressing transmission constraints in Rio Grande Valley. ERCOT and the PUC (Public Utility Commission) are initiating a process to address RGV transmission limitations and provide increased market access for resources in the Valley. ERCOT says this will improve reliability for customers during normal conditions and high-risk weather events.


ERCOT and grid woes continue to be top of mind for Texans. At least 220 generators were offline the week of June 14 when council officials called for Texans to conserve power.

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Continue reading on our news partner ABC13.

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United breaks ground on $177 million facility and opens tech center at IAH

off the ground

United Airlines announced new infrastructure investments at George Bush Intercontinental Airport as part of the company’s ongoing $3.5 billion investment into IAH.

United broke ground on a new $177 million Ground Service Equipment (GSE) Maintenance Facility this week that will open in 2027.

The 140,000-square-foot GSE facility will support over 1,800 ground service vehicles and with expansive repair space, shop space and storage capacity. The GSE facility will also be targeted for LEED Silver certification. United believes this will provide more resources to assist with charging batteries, fabricating metal and monitoring electronic controls with improved infrastructure and modern workspaces.

Additionally, the company opened its new $16 million Technical Operations Training Center.

The center will include specialized areas for United's growing fleet, and advanced simulation technology that includes scenario-based engine maintenance and inspection training. By 2032, the Training Center will accept delivery of new planes. This 91,000-square-foot facility will include sheet metal and composite training shops as well.

The Training Center will also house a $6.3 million Move Team Facility, which is designed to centralize United's Super Tug operations. United’s IAH Move Team manages over 15 Super Tugs across the airfield, which assist with moving hundreds of aircraft to support flight departures, remote parking areas, and Technical Operations Hangars.

The company says it plans to introduce more than 500 new aircraft into its fleet, and increase the total number of available seats per domestic departure by nearly 30%. United also hopes to reduce carbon emissions per seat and create more unionized jobs by 2026.

"With these new facilities, Ground Service Equipment Maintenance Facility and the Technical Operations Training Center, we are enhancing our ability to maintain a world-class fleet while empowering our employees with cutting-edge tools and training,” Phil Griffith, United's Vice President of Airport Operations, said in a news release. “This investment reflects our long-term vision for Houston as a critical hub for United's operations and our commitment to sustainability, efficiency, and growth."

Trailblazing Houston leaders and more innovation news to know right now

Trending News

Editor's note: It's time to look back at the top Houston innovation and business news for the second half of March 2025. InnovationMap's top stories include female founders in the Inc. spotlight, an inaugural list of top local business and civic leaders, Harris County's population boom, and more. Read more below.

1. Texas robotics co. begins new search for missing Malaysia Airlines flight 370

Ocean Infinity will begin a new search for MH370. Ocean Infinity/Facebook

Malaysia’s government has given final approval for a Texas-based marine robotics company to renew the search for Malaysia Airlines Flight 370, which is believed to have crashed in the southern Indian Ocean more than a decade ago.

Cabinet ministers agreed to terms and conditions for a “no-find, no-fee” contract with Texas-based Ocean Infinity to resume the seabed search operation at a new 5,800-square-mile site in the ocean, Transport Minister Anthony Loke said in a statement. Ocean Infinity will be paid $70 million only if wreckage is discovered. Continue reading.

2. 5 Houston female founders land on coveted Inc. 500 list

Sassie Duggleby, Margo Jordan, Stephanie Murphy, Emily Cisek and Nina Magon were named to Inc.'s Female Founders 500 list for 2025. Photos courtesy the company's websites and social media pages.

Five Houston female founders have been recognized by Inc. Magazine for their innovations and for leading their industries forward.

The women were named to Inc.'s Female Founders 500 list, which features female entrepreneurs based in the U.S. The group attracted approximately $9 billion in 2024 revenue and $10.6 billion in funding, according to Inc.

“Female founders know what struggle is, but they’re also experts of improvisation, adaptability, and creativity. The women featured on this year’s list exemplify these qualities," Diana Ransom, Inc. executive editor said in a release. "Through times of uncertainty, their unwavering dedication and steadfast leadership are not only inspiring but vital to driving progress.” Continue reading.

3. Harris County booms with 3rd biggest population in U.S.

Harris County booms with 3rd biggest population in U.S.

Harris County now boasts a population of more than 5 million. Photo via Getty Images

Newly released U.S. Census Bureau data has revealed Harris County became the third most populous county nationwide in 2024, and it had the highest year-over-year growth rate from 2023.

The new population report, published this month, estimated year-over-year population data from 2023 to 2024 across all 3,144 U.S. counties, and 387 metro areas. Harris County's numeric growth rate outpaced all other U.S. counties from July 1, 2023 to July 1, 2024, the report found. The Census Bureau estimated Harris County's population grew by 105,852 people year-over-year, bringing the total population to 5,009,302 residents. That's around a 2.16 percent growth rate. Continue reading.

4. Houston lab develops AI tool to improve neurodevelopmental diagnoses

A new AI tool from a Baylor College of Medicine Lab could help better diagnose specific types of autism spectrum disorder, epilepsy and developmental delay disorders. Photo via Getty Images.

One of the hardest parts of any medical condition is waiting for answers. Speeding up an accurate diagnosis can be a doctor’s greatest mercy to a family. A team at Baylor College of Medicine has created technology that may do exactly that.

Led by Dr. Ryan S. Dhindsa, assistant professor of pathology and immunology at Baylor and principal investigator at the Jan and Dan Duncan Neurological Research Institute at Texas Children’s Hospital, the scientists have developed an artificial intelligence-based approach that will help doctors to identify genes tied to neurodevelopmental disorders. Continue reading.

5. Houston's top 25 business and civic leaders named by local organization

The Center for Houston’s Future will celebrate its first Top 25 Business/Civic Leadership Forum Alumni group all year, kicking off with an event this week. Photo via Getty Images

As part of its 25th anniversary celebrations, the Center for Houston’s Future has named its first-ever group of Top 25 Business/Civic Leadership Forum Alumni, including energy transition CEOs and legendary craft brewery founders.

The group was selected from among 1,400 alumni of the Center for Houston's Future's Leadership Forum, which hosts two cohorts per year, bringing together leaders from across industries to focus on issues critical to the long-term success of Greater Houston. Continue reading.

UH study uncovers sustainable farming methods for hemp production

growth plan

A new University of Houston study of hemp microbes can potentially assist scientists in creating special mixtures of microbes to make hemp plants produce more CBD or have better-quality fibers.

The study, led by Abdul Latif Khan, an assistant professor of biotechnology at the Cullen College of Engineering Technology Division, was published in the journal Scientific Reports from the Nature Publishing Group. The team also included Venkatesh Balan, UH associate professor of biotechnology at the Cullen College of Engineering Technology Division; Aruna Weerasooriya, professor of medicinal plants at Prairie View A&M University; and Ram Ray, professor of agronomy at Prairie View A&M University.

The study examined microbiomes living in and around the roots (rhizosphere) and on the leaves (phyllosphere) of four types of hemp plants. The team at UH compared how these microorganisms differ between hemp grown for fiber and hemp grown for CBD production.

“In hemp, the microbiome is important in terms of optimizing the production of CBD and enhancing the quality of fiber,” Khan said in a news release. “This work explains how different genotypes of hemp harbor microbial communities to live inside and contribute to such processes. We showed how different types of hemp plants have their own special groups of tiny living microbes that help the plants grow and stay healthy.”

The study indicates that hemp cultivation can be improved by better understanding these distinct microbial communities, which impact growth, nutrient absorption, stress resilience, synthesis and more. This could help decrease the need for chemical inputs and allow growers to use more sustainable agricultural practices.

“Understanding these microorganisms can also lead to more sustainable farming methods, using nature to boost plant growth instead of relying heavily on chemicals,” Ahmad, the paper’s first author and doctoral student of Khan’s, said the news release.

Other findings in the study included higher fungal diversity in leaves and stems, higher bacterial diversity in roots and soil, and differing microbiome diversity. According to UH, CBD-rich varieties are currently in high demand for pharmaceutical products, and fiber-rich varieties are used in industrial applications like textiles.

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