Why Invest in Austin, TX

As “The Heart of Texas” – Austin is the 4th largest city in Texas, and the 11th largest city in the U.S. In addition to being the political seat of the state, it is a major cultural and music hub – it’s also knows as “The Live Music Capital of the World” and hosts the annual SXSW (South by Southwest music festival) – one of the largest music festivals in the U.S. – which brought over $220 M into the city in 2013,[1] and has an economic impact that far exceeds the festival’s 14 day length. It’s a young, vibrant city, where the unofficial motto is “keep Austin weird” and where the average age is 31 years old – a full 9 years younger than the state average. [2] Austin is home to headquarters for Facebook, Google, Dell, IBM, and other high-tech employers, which have given new life to the downtown, and have created an influx of Millennials and their families – all looking for a place to live.[3] With a strong university culture, no state of personal income tax, and world-class cultural institutions such as the LBJ Presidential Library and Museum, Austin is a great place for people to visit and to live.

General Facts
  • The population of Austin is about 842,592 (U.S. Census)
  • Metro population of Austin is 1,840,000 (Forbes)
  • 5.4% population growth from 2010 to 2014 (U.S. Census)
  • Home to SXSW Music Festival
  • Headquarters of Whole Foods – the nation’s biggest retailer of organic and natural foods(Reuters)
  • Home to over 4,000 technology companies, which make up 35% of the area’s total payroll (Forbes)
  • On CNN Money’s list of 10 fastest growing cities in the U.S. (CNN Money)
  • #1 on Forbes list of America’s Fastest Growing Cities 2014 (Forbes)
  • Number 10 in Top 10 Greenest Cities in the U.S. (Popular Science)
  • 11th Fittest City in the U.S. (American College of Sport Medicine)
  • #2 on Forbes list of Best Cities and Neighborhoods for Millennials (Forbes)
  • Texas State Guard stationed at Austin’s Camp Marby – a landmark base that dates back to the 1800s (militarybases.com)

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