Following Amazon’s omission of Houston from its announcement
of its top 20 cities for location of its second
headquarters (“HQ2”), Houston’s failure to make the top-tier has sent leaders
in search of answers for what went wrong. A common reason being cited by the experts
and business leaders is, a lack of innovation led to Houston’s exclusion from
the top 20, and those folks are now raising the warning flag that we must invest
in innovation.
Without having the benefit of soliciting feedback from
Amazon’s leadership team, I’m going to postulate that a lack of innovation is
not the reason Houston did not make the cut. The fact is Houston has been
innovating for a long time, and over the last 10 years has been outpacing the
nation in innovation in several ways. Two examples of this are horizontal
drilling for oil and gas (“fracking”), and the Texas Medical Center Innovation
Campus (TMCx), where the world’s top medical researchers are teaming up with
healthcare and technology businesses and entrepreneurs. Not to mention the impact the
Houston Technology Center and the presence of technology behemoths HP and BMC have had over the last decade, resulting in the technology sector
driving a lot of diversification of the region’s economy. Furthermore,
development of Generation Park, a booming craft brewery industry, and the Bayou
Greenways 2020 project are other prime examples of a region pushing the
boundaries of innovation in different sectors.
The missing component in this matrix of amazing things
taking place in Houston can be boiled down to the acronym TIE--Transportation,
Infrastructure and Education (“TIE”). Houston’s deficiency in these areas is
glaring, and one could argue that these are the key factors that will catapult
Houston into its rightful place as America’s leading city as we approach the
midpoint of the 21st century. We must begin by taking care of the
foundational basics of what makes for great cities.
In Houston’s case, it begins with an improved public
transportation system that connects our two international airports, Hobby
and Intercontinental, to Downtown. We must also deal with our horizontal infrastructure by
fixing our roads and drainage system, so that annual major rainstorm events do not flood so many of our neighbors out of their homes. We must further improve our vertical infrastructure by providing greater workforce housing
opportunity, and in the process promote density and affordable housing
development in all parts of the city, particularly those areas within proximity or easily accessible to major employment centers. Lastly, we have to make a renewed
commitment to bringing about solutions to improve our education system in order
to stem the tide of persistently failing schools. The creative workforce is not
likely to be attracted to a city with few housing choices available in areas
where their children can be zoned to good schools. The inextricable link
between schools and housing choice renders significant limitations on the
ability to provide housing in so many of Houston’s underdeveloped area, and the
most significant way we can rapidly accelerate housing options within the city
limits is to improve the quality of schools.
Laolu Davies-Yemitan is a real estate broker and developer who specializes in housing, multifamily development, and urban revitalization. He editorializes on issues related to affordable housing, real estate markets, and public policy. LaoluD.blogspot.com; Twitter: @laoludavies
Laolu Davies-Yemitan is a real estate broker and developer who specializes in housing, multifamily development, and urban revitalization. He editorializes on issues related to affordable housing, real estate markets, and public policy. LaoluD.blogspot.com; Twitter: @laoludavies
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