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    point person

    Houston Livestock Show and Rodeo promotes familiar face to lofty new title

    Steven Devadanam
    Nov 22, 2021 | 3:15 pm
    Katie Grahmann Houston Livestock Show and Rodeo
    Katie Grahmann is the rodeo's chief numbers cruncher.
    Photo courtesy of Houston Livestock Show and Rodeo

    A familiar face within the ranks of the Houston Livestock Show and Rodeo now has a new title. Veteran rodeo presence Katie Grahmann has been promoted to chief financial officer, the organization announced.

    Part of Grahmann’s responsibilities include overseeing all accounting and finance operations of the organization. For those keeping score, the rodeo boasted an operating revenue of well more than $81 million in 2020.

    The new title is hardly unfamiliar for Grahmann. Most recently, she served as senior director of accounting and controller, overseeing accounting and finance functions, such as treasury, investments, donations and sponsorships, payables, receivables, and fixed assets.

    Before joining the rodeo seven years ago, Grahmann served as controller at the Girl Scouts of San Jacinto Council, and as audit manager at Pricewaterhouse Coopers (PwC), according to her bio.

    Away from work, Grahmann has volunteered her professional financial skills, serving organizations including the Junior League of Houston, where she currently serves as nominating committee secretary and previously as financial vice president.

    Grahmann is also a founding board member of Impact100 Houston, which works with women of all ages, stages in life, income levels, and backgrounds.

    The Texas A&M graduate most recently was honored with the Houston Business Journal’s 2021 “Women Who Mean Business Award.” (That local accolade recognizes women in leadership roles who have demonstrated excellence in their careers and community.)

    “Since joining the Rodeo in 2014, Katie has been a significant contributor to our organization’s success, emerging as a well-respected leader among her team and colleagues,” said rodeo president and CEO Chris Boleman, in a statement. “I look forward to what I know will be a great next step in Katie’s growth with the rodeo.”

    young-professionalshouston-rodeo
    news/innovation

    breaking ground

    Pharmacy giant Bristol Myers Squibb to build $2.3B Houston factory

    Laura Furr Mericas, InnovationMap
    Aug 11, 2026 | 9:00 am
    Bristol Myers Squibb Houston factory rendering
    Courtesy of Bristol Myers Squibb
    The 60,000-square-foot facility is expected to open in 2030.

    New Jersey-based pharmaceutical giant Bristol Myers Squibb Co. has officially named Houston as the home of its new state-of-the-art manufacturing site.

    The 60,000-square-foot facility represents a $2.3 billion investment, according to a news release. It is expected to create 500 skilled jobs and will be located in Houston's Generation Park.

    BMS first announced that it was considering Houston among 16 other cities for the facility in May. The new hub will manufacture small molecule, biologic and antibody-drug conjugates and is part of a $40 billion commitment to invest in the United States over five years. Construction is slated to begin next year, with the facility coming online in 2030.

    "We're building the domestic manufacturing capabilities needed to deliver the next generation of medicines and support future scientific breakthroughs. Houston and the state of Texas offer the talent, infrastructure, and partnership needed to help bring that vision to life," Christopher Boerner, CEO and board chair of BMS, said in the release.

    The new facility will feature a modular, multi-modal design, which will allow the company to reconfigure and add to its manufacturing capabilities over time. BMS says it expects the facility to "(grow) in scale and capability well beyond its opening configuration."

    "Our decision to build this state-of-the-art manufacturing campus in Houston, Texas, reflects our confidence in the region’s ability to support a world-class, digitally advanced supply operation,” Karin Shanahan, EVP and chief supply chain and operations officer of BMS, added in the release. “This facility is designed to deliver the speed, quality, and reliability that patients depend on, combining flexible, modular manufacturing with advanced digital capabilities to ensure consistent supply across multiple modalities. It strengthens our ability to operate with resilience and positions us to reliably deliver medicines to patients today while adapting future demands.”

    Texas Gov. Greg Abbott shared that the state has granted BMS a $4.89 million Texas Enterprise Fund (TEF) grant for the project. TEF grants, administered by the Texas Economic Development & Tourism Office, support business relocation or expansion projects that create "new, good-paying jobs in the community and attract significant new capital investment to the state." The development is also a qualified project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program.

    “Texas is a global hub for life sciences, where today’s innovations shape the future of healthcare,” Abbott said in a news release. “This $2.3 billion investment by Bristol Myers Squibb in the dynamic biotech ecosystem in Houston is a testament to the depth of our skilled workforce and the pipeline of talent coming through our nation-leading technical colleges and research universities. With lower operating costs and easy access to markets across the U.S. and the world, Texas drives affordability for consumers.”

    "Bristol Myers Squibb’s announcement is a tremendous win for Texas and the Houston region, further reinforcing our position as a premier destination for life sciences and advanced manufacturing,” added Greater Houston Partnership President and CEO Steve Kean.

    Last fall, Eli Lilly and Co. selected Generation Park, a 4,300-acre, master-planned commercial district near Lake Houston, for its $6.5 billion manufacturing plant. More than 300 locations in the U.S. competed for the factory. Read more here.

    ---

    This story was first published on our sister site InnovationMap.

    news/innovation

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