National study by Verizon names the Houston suburb as “the heart of the American entrepreneurial spirit,” according to city press release. (Claire Shoop/Community Impact Newspaper)
Other factors used to determine “The 15 Most Ambitious U.S. Cities” included the number of residents with a bachelor’s degree or higher, number of business applications, percent of population that starts a new business and home ownership.
Director of Economic Development Elizabeth Huff said in a press release the city was excited for this national recognition.
“It’s proof that our proactive efforts ensure a strong economy, support quality services for our residents and allow our city to maintain the second-lowest tax rate in the state among cities of similar size,” Huff said.
A city press release attributed their success in part to recent initiatives that invest in the city economy, such as Sweet Cash, a gift card purchasing program to support local businesses.