The Lake Houston Area Economic Development Partnership (LHAEDP) is an organization that can be the entity to unite area leaders, attract quality development and job creation to our region and help our existing businesses grow and prosper. We have the opportunity to market the region and control our destiny through a new economic development effort called Priority One.
Several factors play into the area’s potential economic benefits. The Lake Houston Area is strategically located at the crossroads between major transportation corridors, George Bush Intercontinental Airport, and the Houston Ship Channel. This access to multimodal transportation represents one of the primary economic development assets and opportunities in the area.
However, our tax base is heavily weighted towards residential property. In the Humble ISD, 81% of the property tax base is residential, the highest in the Houston area. Even though our commercial property tax base has increased primarily due to retail growth, it is only 19% of the total tax base.
Despite great transportation access, particularly to downtown Houston, a significant number of our residents commute to work daily from our area. Wouldn’t it be great if they could work, live, play and shop here? A higher daytime population in our area will help reduce retail and service leakage and allow more residents to work near their homes. This would be welcome news for our citizens and area businesses.
We can’t expect someone to discover our area. We’ve got to tell our story – market the Lake Houston region. We have so many attributes, but the competition is keen and if we want to control our destiny, it is up to us to make it happen. We have to make economic development Priority One.