The Lone Star State ranks 19th in the U.S. for its teaching environment. Educational First Steps/Facebook

If Texas were a student, it would earn a mediocre grade when it comes to the state's atmosphere for schoolteachers. In a new study from personal finance website WalletHub, Texas ranks 19th for its teaching environment compared with the 49 other states and the District of Columbia.

While Texas earns good marks for teacher salaries, the rest of the state's grades for teachers are below average, according to WalletHub. In all, WalletHub studied 22 metrics to come up with its report card.

Texas ranks second for the average starting salary for teachers and 13th for the average salary for teachers. However, both data points adjusted for cost of living in Texas. The state also ranked 13th for the 10-year change in teachers' salaries, WalletHub says. Texas doesn't fare nearly as well in WalletHub's other measurements, though:

  • No. 29 for pupil-teacher ratio.
  • No. 30 for teacher safety.
  • No. 32 for fewest teachers per student projected for 2026.
  • No. 36 for school quality.
  • No. 36 for per-student spending in public schools. According to the National Education Association (NEA), per-student funding in Texas is $2,300 less than the national average.
  • No. 37 for teachers' potential for income growth.

A recent survey by the Texas State Teachers Association backs up the notion that the state's teachers aren't in the same class as their counterparts in places like New York, Connecticut, Minnesota, and Illinois, which were graded by WalletHub as the best states for teachers.

For instance, the Texas survey indicates that about four of every 10 teachers expect to take jobs outside the classroom to make ends meet during the academic year. In addition, the typical teacher in the survey reported spending an average of $738 a year on school supplies out of his or her own pocket.

According to the survey, moonlighting teachers in Texas average 14.1 hours a week at their extra jobs. That's on top of the 17 hours a week they spend outside the classroom on school-related work.

The Austin-based Texas State Teachers Association, an affiliate of the NEA, says the average salary of teachers in the survey was $53,221, which is $7,300 below the national average. According to the NEA, Texas ranks 29th for teacher pay.

Noel Candelaria, president of the Texas association, pins the blame for the plight of Texas teachers on Gov. Greg Abbott, Lt. Gov. Dan Patrick, and their legislative allies. He says they've failed to properly finance public education.

"Our teachers … remain dedicated to their students' success, even if it means spending evenings and weekends at extra jobs away from their families," Candelaria says in a release. "It's time for our elected officials at the state Capitol to demonstrate the same kind of dedication to our children by providing the necessary resources."

In August, Abbott said he wants to boost pay for the state's best teachers, putting them on a path toward earning more than $100,000 a year — without a hike in property taxes.

"Teaching is a calling; it would be hard to do otherwise," Abbott said. "But I want to ensure that teaching in Texas also becomes a profession, where we are able to attract the very best and keep the very best."

"We can and we must do more to improve education in Texas," the governor said. "As we approach this next legislative session [in 2019], one of my top goals is to improve education by investing more in our teachers and students."

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This story originally appeared on CultureMap.

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Houston unicorn closes $421M to fuel first phase of flagship energy project

Heating Up

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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This article first appeared on EnergyCapitalHTX.com.

Houston food giant Sysco to acquire competitor in $29 billion deal

Mergers & Acquisitions

Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.

The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”

Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools, and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see.

Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco.

It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.

Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion.

Restaurant Depot was founded in Brooklyn in 1976. The family-run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler.

The boards of both companies have approved the acquisition, but it would still need regulatory approval.

Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal.

Houston researcher builds radar to make self-driving cars safer

eyes on the road

A Rice University researcher is giving autonomous vehicles an “extra set of eyes.”

Current autonomous vehicles (AVs) can have an incomplete view of their surroundings, and challenges like pedestrian movement, low-light conditions and adverse weather only compound these visibility limitations.

Kun Woo Cho, a postdoctoral researcher in the lab of Rice professor of electrical and computer engineering Ashutosh Sabharwal, has developed EyeDAR to help address such issues and enhance the vehicles’ sensing accuracy. Her research was supported in part by the National Science Foundation.

The EyeDAR is an orange-sized, low-power, millimeter-wave radar that could be placed at streetlights and intersections. Its design was inspired by that of the human eye. Researchers envision that the low-cost sensors could help ensure that AVs always pick up on emergent obstacles, even when the vehicles are not within proper range for their onboard sensors and when visibility is limited.

“Current automotive sensor systems like cameras and lidar struggle with poor visibility such as you would encounter due to rain or fog or in low-lighting conditions,” Cho said in a news release. “Radar, on the other hand, operates reliably in all weather and lighting conditions and can even see through obstacles.”

Signals from a typical radar system scatter when they encounter an obstacle. Some of the signal is reflected back to the source, but most of it is often lost. In the case of AVs, this means that "pedestrians emerging from behind large vehicles, cars creeping forward at intersections or cyclists approaching at odd angles can easily go unnoticed," according to Rice.

EyeDAR, however, works to capture lost radar reflections, determine their direction and report them back to the AV in a sequence of 0s and 1s.

“Like blinking Morse code,” Cho added. “EyeDAR is a talking sensor⎯it is a first instance of integrating radar sensing and communication functionality in a single design.”

After testing, EyeDAR was able to resolve target directions 200 times faster than conventional radar designs.

While EyeDAR currently targets risks associated with AVs, particularly in high-traffic urban areas, researchers also believe the technology behind it could complement artificial intelligence efforts and be integrated into robots, drones and wearable platforms.

“EyeDAR is an example of what I like to call ‘analog computing,’” Cho added in the release. “Over the past two decades, people have been focusing on the digital and software side of computation, and the analog, hardware side has been lagging behind. I want to explore this overlooked analog design space.”