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One organization is providing funding that will help four local companies develop new technologies and support Houston jobs. Visit http://houston.jobing.com/jobs to learn more.

The Texas Emerging Technology Fund recently announced its plans to invest in four Houston area companies in order to support the development and commercialization of their innovative technologies, which will in turn support local Houston jobs.

“Texas is the best state in the nation for developing ground breaking technologies thanks to investments from the Texas Emerging Technology Fund, which has fostered an environment of innovation that attracts companies and top researchers to our state,” Gov. Rick Perry said. “These four TETF investments will help develop these cutting edge technologies in fields ranging from biomedical engineering to electronics.”

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Many officials are reporting that the economy is beginning to stabilize, and now a local economist is predicting that most of the key sectors will gain Houston jobs by the fall of 2010.

Barton Smith, director of the Institute for Regional Forecasting at the University of Houston, has said that he thinks “the worst is behind us.” He predicts that Houston will lose about 13,000 jobs, or .5 percent of its workers, during 2010. However, he said, those job losses will take place at the beginning of the year and the city will begin to gain jobs by the end of the year.

Not all industries will see an increase in employment, though, as Smith predicts that the construction, manufacturing and finance industries will continue to struggle during 2010.

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