Friday, December 14, 2007

BAYOU CITY


Houston is nicknamed, "The Bayou City", because Buffalo Bayou is the main waterway flowing thru the city. It starts on the west side of the city and flows east to the Houston Ship Channel.
Houston was founded in 1836 by Augustus and John Allen. What began as 6,642 acres of land on the banks of Buffalo Bayou has grown to become the fourth largest U.S. city comprised of 581 square miles with more than 1.6 million people.It’s the 4th most populated city in the U.S.
Houston’s after tax living cost makes it one of the best places in the U.S. to live at approximately 12% below the national average. This is largely due to the fact that Houston’s housing cost is 26% below the national average.
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Houston, Sugarland, Baytown’s $325.5 billion Gross Area Profit (GAP) for 2006 was more than Austria’s, Poland’s or Saudi Arabia’s Gross Domestic Product (GDP). In 2006, Forbes Magazine ranked the Houston Metropolitan area as the third best places in the U.S. for businesses and careers.


Houston’s major industries are Oil & Gas, Manufacturing, Engineering, Real Estate, Medicine, Biotechnology, Aerospace, and Marine Science. There is no state or local personal income tax. Sales Tax is 8.25%. Even the horrific collapse of Enron has not prevented Houston from ranking among top three cities for investing in downtown redevelopment projects according to this report (dtd 2002).

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