Austin isn’t a city in decline—it’s a city adapting with intent. This is not a market retreating from its tech leadership, but one normalizing after years of hypergrowth. The fundamentals haven’t weakened, they’ve matured, positioning Austin for long-term strength over short-term spikes.

In 2024, Austin is one of the fastest growing industrial communities in the country. Over 1,900 manufacturers across various industries now call the region home, employing more than 74,000 workers.

For nearly two decades, Central Texas has excelled in population growth, corporate relocations and job creation, remaining resilient through economic downturns and the pandemic.

The Austin area has become an internationally recognized hub for startups and innovation, driven by a robust ecosystem that attracts significant venture capital and foreign direct investment.

Over the past few decades, tech giants have transformed Central Texas into a thriving hub of innovation and economic prosperity. Companies like Samsung and Tesla make significant contributions not only by creating thousands of local jobs, but by contributing millions to our tax revenue and attracting substantial capital investment.

Earlier this year, the Milken Institute named Austin the best performing large city in its  prestigious Best Performing Cities list for the first time since 2013.

While some big-name employers have made headlines for trimming their local workforces from pandemic highs, Central Texas’s diversified economy — and job market — remain incredibly strong and resilient. 

AUSTIN, Texas (May 07, 2024) — Opportunity Austin and Dealroom.co are unveiling an updated version of the Austin Ecosystem Platform, a free, open-source designed to help investors around the world match with Austin-based startups and scaleups, while also providing valuable leads for job seekers and professional services providers.