Economy
Sugar Land hosts its economy through diversification, corporate vitality, and quality of life and was ranked as one of the "Top Cities in Texas" for business relocation and expansion by both Outlook Magazine and Texas Business. Industries calling Sugar Land home are as diverse as its resident population.
Like the rest of the Greater Houston area, there is a large energy industry presence, specifically petroleum exploration and refining. Sugar Land holds the headquarters to Fortune 500 company CVR Energy, Inc. (NYSE: CVI), Western Airways, and Nalco's Energy Services division. Engineering firms and other related industries have managed to take the place as an economic engine.
Sugar Land is home to the headquarters of the Imperial Sugar Company. It also served as the home of the company's main (and sole) refinery and distribution center. The refinery and distribution center have been put out of operation since 2003.
Schlumberger moved its Houston-area offices from 5000 Gulf Freeway in Houston to a campus in Sugar Land in 1995. Minute Maid opened its headquarters in Sugar Land Town Square in First Colony on February 16, 2009; previously it was headquartered in 2000 St. James Place in Houston.
In 1989 BMC Software had plans to lease 200,000 square feet (19,000 m2) in One Sugar Creek Place in Sugar Land.
In 1991 BMC leased leased about 120,000 square feet (11,000 m2) at the Sugar Creek National Bank Building and about 16,000 square feet (1,500 m2) in the Fluor Daniel Building, both in Sugar Land. BMC planned to vacate both Sugar Land facilities when its current headquarters, located in Westchase, opened; BMC's headquarters were scheduled to open in 1993.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)