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Letter from the Chairman

Chairman's Letter

Hello Friends,

We welcome 2024 with best wishes for good health, prosperity, and positive momentum for your personal and business plans.

After all, we are in the perfect city to advance those plans. Barron’s described Houston as an economic powerhouse this year. It is home to 26 Fortune 500 companies, trailing only New York City and Chicago. The city’s economy is linked to oil and gas, and the emergence of renewable energy brings economic opportunities. In a recent report, Stanford historian Niall Ferguson stated that there used to be two coastal power zones in the U.S. Now, there is a multipolar America rather than a bipolar America. He reports that the shift “reflects taxes, quality of life, cost of living, the ability to build, and incredibly striking differentials in quality of governance.”

Another positive note, Houston is now the No. 1 most attractive city for foreign nationals to do business. That is according to the second annual Financial Times-Nikkei Investing in America ranking. Houston replaced Miami and moved up the ranking from the No. 5 position.

Texas Governor Greg Abbott has enacted SB 7, banning COVID-19 vaccine mandates for employees and contractors across private entities. This new law goes into effect on February 6, 2024.

Congratulations to Taylor Gaver and Travis Johnson and who have been promoted to Shareholders. We also are proud of Adebola Akisanya and Alex Wolf who have become Senior Associates.

We look forward to serving you this year and, as always, we remain diligent in our commitment to our clients and our community. Happy New Year.

Sincerely,

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Chris Hanslik

Chairman

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