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Austin Business Journal spotlights the many defense companies that have set up shop outside Austin lately.
STEM occupations account for over 11.1% of all jobs in the Austin MSA in 2024, making Austin the 6th most concentrated in STEM among large U.S. metros. Since 2019, STEM occupations in Austin have grown by 17%, adding 20,000 jobs and bringing the total number of workers to 139,820.
Economic growth in Central Texas isn’t happening in one city or one sector. It’s happening across a region working to align investment, infrastructure, workforce, and quality of life with the needs of a changing economy.
Once known primarily for software and consumer technology, the Austin region in Texas is emerging as one of the most important semiconductor hubs in the US. A combination of manufacturing investment, engineering talent and industry collaboration is helping to attract both established chipmakers and ambitious start-ups.
Pitchbook released their Q2 Venture Capital report, showing that companies in the Austin region raised approximately $6.5B YTD, more than twice the money raised in the same period during 2025 ($2.9B). Additionally, the Bureau of Labor Statistics released 2025 Occupational Employment and Wage Statistics, showing that the Austin region is fourth among the top 50 metros in the percent of STEM jobs.
