Austin’s Economy Continues to Thrive
With the arrival of summer, there is a lot to be excited about, including our region’s economic position. If you didn’t see it, our unemployment rate improved to 3%, a telling sign that despite isolated layoffs, employment remains strong. In fact, Austin was the 9th best-performing metro among the top 50 for the year ending in April, adding 28,900 jobs across nearly all major private sectors. Recent census data also showed that Georgetown, Leander, and Kyle are among the top 20 fastest-growing cities in the country. This growth is no surprise.
– Ed Latson, CEO of Opportunity Austin
FEATURED ARTICLES
Samsung opens two new Texas sales offices, including one at the Domain:
The South Korean-based company announced on May 16 that the offices will support its ongoing investment in Central Texas, which is expected to total $45B.
Georgetown is fastest-growing city of its size for third-straight year:
Georgetown is the fastest-growing city of at least 50,000 people by percent change, according the U.S. Census Bureau. Other Austin-area cities weren’t far behind
Celebrating 25 Years of Austin-Bergstrom International Airport: A Conversation with Ramonika Carr:
Since its opening in 1999, AUS has been an economic engine, contributing $7.6B and supporting over 74,000 direct and indirect jobs
Life Sciences
Life Sciences, an emerging industry in the Austin region, is catalyzed by notable company investments in our region’s ecosystem. Today, this positions us to lead in pioneering advancements, foster innovation, and attract top talent, creating a dynamic hub for the future of life sciences. Learn more.
From our blog
Wondercide Relocates Headquarters Due to Double-Digit Growth:
Modern location quadruples manufacturing capacity. Company to hire additional workforce. Learn more.
Tech Remains a Vital Component of Austin’s Economic Competitiveness:
Austin region: by the numbers:
Austin is the 9th best performing among the top 50 metros, adding 28,900 jobs, 2.2% growth, in the year ending in April. Learn more.
LET’S STAY CONNECTED
For businesses: Opportunity Austin is able to provide confidential support for projects, including real estate research, and the facilitation of all aspects of the site selection process.
For start ups & funders: More and more creativity, innovation, & collaboration. The Austin Region is a magnet for innovation and entrepreneurship, attracting diverse industries and fostering growth of established companies and startups.
