BUSINESS DEVELOPMENT UPDATE Issue 74 122920

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A publication of Bay Area Houston Economic Partnership

www.bayareahouston.com

Issue 74 – December 29, 2020

In this Edition... Commercial/Office/Industrial Development Retail / Hospitality Development Residential Development Infrastructure News and Everything Else! Bay Area Houston Economic Partnership (BAHEP) is a member-driven organization that provides leadership to stimulate regional economic development and employment in a range of industries such as specialty chemicals and plastics, advanced manufacturing, maritime, aviation, aerospace engineering, healthcare and biotechnology, and tourism. BAHEP partners with 270 member companies, 14 cities, Galveston County, Harris County, Houston Airport System, and Port Houston in southeast Texas to foster economic vitality through regional collaboration.

Please feel free to pass this e-newsletter along to others who would enjoy it, and kindly credit Bay Area Houston Economic Partnership.

Commercial / Office / Industrial Development Those incredible flying machines … •

Axiom Space plans to develop a 14-acre campus at the Houston Spaceport at Ellington Airport. This headquarters’ location will be used for production of its Axiom Station and to train private astronauts. The company was selected by NASA earlier this year to develop a commercial module that will attach to the International Space Station (ISS). Named Axiom Station, it is set to launch in 2024. More modules will then be needed for housing, manufacturing, and research. Together, these modules will create a commercial space station that can be detached from the government-run ISS when it is retired. The structure’s exterior will be made in Turin, Italy by Thales Alenia Space which also makes parts of the ISS. All other work will be done at the Houston Spaceport. At the Spaceport, Axiom also plans to offer private and professional astronaut missions to the ISS. The company will train crews, work with transportation providers to get them there, plan the missions, and provide other services that might be needed. Read more here: https://www.houstonchronicle.com/news/houston-texas/houston/article/Mayor-SylvesterTurner-to-announce-partnership-15822420.php

Construction could begin in 2021; the campus could be functional by 2023. Axiom’s workforce grew to more than 90 this year; the company plans to hire another 100 employees in 2021. Ultimately, more than 1,000 jobs could be created for the Houston region. •

NASA’s budget for 2021 was approved -- $23.3 billion! The budget includes $1.4 billion for the Orion spacecraft and $2.6 billion for the Space Launch System rocket – which will carry astronauts to the moon as part of the NASA Artemis program. Read more here: https://www.houstonchronicle.com/news/houston-texas/space/article/NASA-receives-23-billion-inbudget-including-15821579.php

Medical news … •

Houston Physicians’ Hospital at 333 N. Texas Avenue in Webster is expanding by 34,800 SF and will bring 30 new jobs to the facility. The existing three-story building is 49,000 SF. Four new operating rooms will be added to the second floor, and the third floor will be dedicated to post-acute recovery and rehabilitation for programs like its Joint Solutions Center and Spine Solutions Center. Additionally, Houston Physicians’ Hospital purchased 11 acres on


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BUSINESS DEVELOPMENT UPDATE Issue 74 122920 by Bay Area Houston Economic Partnership - Issuu