Fort Bend job growth and development reflects bright future for business By Jeff Samples President of IBC Bank-Houston
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rom Sugar Land to Rosenberg and Missouri City to Fulshear, business is booming all over Fort Bend County, causing significant job growth across the entire region. This past March, the U.S. Bureau of Labor Statistics announced that Fort Bend County was ranked No. 6 in the nation for job growth. An influx of job opportunities, affordable housing and a strong community packed with exemplary schools and recreational facilities are a few reasons why businesses have continued to flock to the area. IBC Bank is proud to invest in this community by offering financial services to Fort Bend County businesses so they can continue this upward growth. We have three locations within Fort Bend County and have been serving the Greater Houston-Area since
1997. IBC Bank’s mission is to “do more” and one way we deliver on that promise is by supplying businesses in Fort Bend County with the capital they need to continue the growth of this community. One way IBC Bank contributes to the advancement of Fort Bend County is by helping developers fund new commercial projects through construction loans and real estate loans. This was especially important for real estate developers during the economic recession because of the impact it had on their industry locally and nationwide. “The economic downturn we experienced starting in 2008, brought out real concerns on how our development and construction business would hold up in Texas and specifically in Fort Bend County,” said Scott Weaver of Rubicon Realty Group. “Without IBC Bank’s support throughout those years, it would have been a much more difficult time.”
IBC Bank recently assisted Rubicon Realty Group, a boutique commercial real estate firm in Fort Bend County, on a 112-acre mixed-use commercial development in Sugar Land at the corner of U.S. 90 and Highway 6. The development includes a Hilton Garden Inn, several restaurants and retailers and is anchored by HEB. For this project IBC supplied an array of services including the original land loan, individual development loans and the infrastructure for the utilities. “Rubicon Realty Group has a certain criteria when searching for a lender for our projects,” said Scott Weaver. “We want to develop a relationship with a bank who is experienced with our type of business, in the area’s where we are actively developing projects. It is critical that our lender has a deep understanding of the commercial development process. We found a true partner in IBC Bank.”
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November 2013 H Fort Bend / Katy Business Journal