The Texas State Legislature authorized the creation of local transit authorities in 1973. In 1978, Houston-area voters created METRO and approved a one-cent sales tax to support its operations. METRO opened for business in January 1979. The Authority has transformed a broken bus fleet into a regional multimodal transportation system. Communities that are part of the METRO area include the cities of Houston, Bellaire, Bunker Hill Village, El Lago, Hedwig Village, Hilshire Village, Humble, Hunters Creek, Katy, Missouri City, Piney Point, Southside Place, Spring Valley, Taylor Lake Village and West University Place. Major portions of unincorporated Harris County are also included.
Investor insights
Funding rounds participated in
$40M sweet spot round size
Investor type
Basic info
Industry
Sectors
Date founded
1979
Funding rounds raised
Total raised
$40M
from 1 investors over 1 rounds
Metropolitan Transit Authority of Harris County raised $40M on July 26, 2023
Investors: Federal Transit Administration