The Austin region is strong, resilient, and outperforming many of its large market peers. Over the past five years, rapid growth has reshaped our economy, and the region has risen to meet both the opportunities and the challenges that come with it.
In an era where many tech hubs are facing uncertainty, Austin is charting a different path grounded in innovation, workforce development, and long-term economic sustainability. The data backs this up.
Tech Jobs: Growth Fueled by Innovation
Austin’s high-tech sector remains one of the strongest in the nation. Since 2018, roles in software publishing, IT services and computer systems design have increased by 30,000 jobs, pushing the total to nearly 95,000 workers. That’s a 46% jump in just five years—not a spike, but a solid build.
Despite national headlines about tech slowdowns, Austin’s tech employment declined by less than 1% in 2024, one of the smallest dips among major U.S. markets. For comparison, Silicon Valley posted a similar 0.45% decline, suggesting that what we’re seeing isn’t contraction—it’s normalization after an unprecedented boom.
GDP Growth: Second in the Nation
In 2024, Austin recorded a 7.79% increase in tech GDP, the second-highest growth rate in the country, trailing only Silicon Valley. New York, by comparison, grew by just 3.41%. Since 2020, Austin’s tech GDP has grown faster than any other major metro in the U.S.
Brian Kelsey, an EY Economic Development Senior Manager and economist, further highlights how Austin has not only maintained momentum—it has accelerated beyond its peers. Looking ahead, Austin is one of just two large tech markets projected to post 6% or greater year-over-year tech job growth in 2025.
Continuing to Accelerate Economic Growth
Austin’s story isn’t one of decline. It’s one of deliberate evolution. We’re not chasing trends, we’re continuing to foster a robust ecosystem of innovation and capital growth. The last few years brought rapid growth and a resilience for prosperity for the entire region. Austin is ensuring our economic momentum is sustained and the region continues to thrive.
Austin is not just in the tech conversation—we’re helping define it.
