As we all know, Houston is doing better than most cities in the country. KHOU reports:
“Houston is leading the nation in job growth rate,†economist Patrick Jankowski with the Greater Houston Partnership said.
“We’re growing faster than any of the other major metropolitan areas in the U.S.,†he said.
He said even if there is a recession, Houston’s economy could weather it well.
Why?
“The strength in the oil and gas industry and the weakness in the dollar are going to moderate whatever effect a recession might have on the economy.
Good to know.
There’s an interesting article in the Houston Chronicle about microlending in Houston. Specifically about “Acción Texas, a nonprofit lender that provides microloans to startups or entrepreneurs with a less-than-perfect credit history.” It’s worth a read.
Resources
- Houston misses stock market trouble memo, by KHOU
- ‘A TRUE LENDING INSTITUTION’
Not-so-perfect credit? Look to this microlender
Acción Texas gives money — and hope — to startups and entrepreneurs, by the Houston Chronicle
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