Houston Newsletter (August 15th)

Your news, upcoming events, AI art, historical facts and more!

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Welcome to The Houston Newsletter!

In today’s edition:

  • Energy Corridor building sold to Austin firm.

  • Grant Koontz cycles for Team USA.

  • A deep dive into the life of Billy T. Williams

  • And more…

Quote of the Week

"Out of suffering have emerged the strongest souls; the most massive characters are seared with scars."

– Kahlil Gibran

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Trivia

What is the name of the annual Houston music festival featuring diverse genres and artists?

A) Houston Music Fest

B) Bayou City Music Festival

C) Houston Livestock Show and Rodeo

D) Free Press Summer Fest

Answer to Last Week’s Trivia:

The neighborhood where the Menil Collection is located is A) Montrose.

The Best Stories Of The Week

💼 Business

Energy Corridor office building sold to Austin-based Capital Commercial Investments. (link)

Life-sciences vacancy rate ticks up as new supply outweighs demand. (link)

🏒 Sports

On the Olympic track: Houston's Grant Koontz cycles for Team USA in Paris. (link)

Astros insider: Framber Valdez finding a 'rhythm' at an important time. (link)

🏦 Finance

Iconic downtown Houston Esperson buildings sold in foreclosure auction. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

Houston Texans v New York Giants - Preseason
NRG Stadium, Houston, TX
Saturday, Aug 17th | 12:00 PM | (More info)

Music & Concerts

🎵 Seven Lions
Warehouse Live Midtown, Houston, TX
Thursday, Aug 15th | 10:00 PM | (More info)

🎸 Barry Manilow
Smart Financial Centre at Sugar Land, Sugar Land, TX
Friday, Aug 16th | 7:00 PM | (More info)

🏚️ Kings of Leon: Can We Please Have Fun
Toyota Center - TX, Houston, TX
Friday, Aug 16th | 8:00 PM | (More info)

Family

🎭 Children's Storytime
2811 Travis St, Houston, TX
Saturday, August 17th | 10:00 AM | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Houston celebrating a futuristic holiday with unique traditions” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Houston Historical Events

1991: The Fall of the Soviet Union and its impact on Houston's oil industry.

The fall of the Soviet Union in 1991 had far-reaching effects on global markets, including significant implications for Houston's oil industry. As the Soviet Union disintegrated, the newly independent states, particularly Russia, began to open up their vast oil and gas reserves to foreign investment and development. This geopolitical shift created both opportunities and challenges for Houston's oil companies.

Houston, known as the energy capital of the world, saw its oil companies actively engage in the post-Soviet energy market. American oil firms, with their expertise and technology, were well-positioned to help develop the untapped resources in Russia and other former Soviet states. Joint ventures and partnerships were established, leading to increased investment and exploration activities in the region. However, the transition also brought about competition and volatility in oil prices, affecting the global oil market.

The impact of the Soviet Union's collapse on Houston's oil industry was multifaceted. On one hand, it provided new avenues for growth and expansion for Houston-based companies. On the other hand, it required navigating complex political and economic landscapes in the former Soviet states. Overall, the event reinforced Houston's central role in the global energy sector and highlighted the interconnectedness of geopolitical events and the energy market.

Famous People From Houston

Billy T. Williams (1910–1985): Prominent African American businessman.

Early Life and Business Beginnings (1910–1935)

Billy T. Williams was born on March 12, 1910, in Houston, Texas. Raised in a supportive family, Williams exhibited a keen interest in business from a young age. He attended local schools and developed his entrepreneurial spirit through various small ventures. After completing his education, Williams began working in the local business community, gaining valuable experience and building a network of contacts that would later support his entrepreneurial endeavors.

Rise as a Businessman and Community Leader (1936–1950)

In the late 1930s, Billy T. Williams founded his first major business, a construction company that quickly became successful. His company was known for its quality work and integrity, earning contracts for significant projects in Houston and beyond. Williams's business acumen and dedication to excellence established him as a prominent figure in the local business community. He also became actively involved in civic organizations, using his influence to advocate for economic development and opportunities for African Americans in Houston.

Connection to Houston (Throughout Career)

Houston was central to Billy T. Williams's life and career. His businesses contributed to the city's economic growth, and his leadership in civic organizations helped to address social and economic disparities within the African American community. Williams was deeply committed to improving the lives of Houston's residents, and his efforts to promote business development and education had a lasting impact on the city. His connection to Houston was marked by his dedication to community service and his role as a mentor and leader.

Expansion and Diversification of Business Ventures (1951–1970)

Throughout the 1950s and 1960s, Williams expanded his business ventures, diversifying into real estate, retail, and other industries. His entrepreneurial spirit and ability to identify new opportunities led to the growth of a business empire that included several successful enterprises. Williams's ventures provided employment and economic opportunities for many in the Houston community. His success as a businessman was matched by his commitment to philanthropy, as he supported numerous local charities and educational initiatives.

Advocacy and Civic Engagement (1971–1985)

In addition to his business achievements, Billy T. Williams was a dedicated advocate for civil rights and economic empowerment. He served on various boards and committees, working to promote fair housing, equal employment opportunities, and educational advancement for African Americans. Williams's leadership in civic organizations, such as the Houston Urban League and the NAACP, underscored his commitment to social justice and community development. His efforts to create a more equitable society were widely recognized and respected.

Legacy and Influence (1985–Present)

Billy T. Williams passed away on August 15, 1985, but his legacy continues to be felt in Houston and beyond. His contributions to business, civic engagement, and philanthropy have left a lasting impact on the city. Williams's businesses provided a model of success and integrity, and his advocacy for economic and social justice inspired future generations of leaders. His dedication to community service and his role in promoting opportunities for African Americans are celebrated through various awards and honors, ensuring his enduring influence.

Key Achievements:

  • Founded and successfully expanded a diverse business empire, contributing to Houston's economic growth.

  • Actively engaged in civic organizations, advocating for civil rights and economic empowerment.

  • Supported numerous local charities and educational initiatives, demonstrating a commitment to philanthropy.

Summary:

Billy T. Williams's journey from a young entrepreneur in Houston to a prominent businessman and civic leader reflects his extraordinary contributions to the city's economic and social development. His connection to Houston was marked by his dedication to community service and his efforts to promote economic opportunities for African Americans. Williams's legacy as a successful businessman, advocate for civil rights, and philanthropist continues to inspire and influence, ensuring his place as a significant figure in Houston's history.

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