You’re going to discover a lot about Austin’s favorable business climate in this guide. You’ll also learn why we believe opportunities are better, life is easier, and why you can change the world here. There’s a lot to tell about globally recognized corporations and inspirational success stories, as well as our affordable cost of living, infrastructure, and capacity to support growth. But if there’s any one thing that should stick with you about Austin, it’s the irresistible appeal of living in this beautiful, culturally rich city—for you, and for your employees. People want to live here, work here, and raise their families here. For corporations, this means access to one of the most educated, multi-tiered talent pools in the country. Ensuring Economic Prosperity The most competitive communities are those with a steadfast commitment to improving their workforce, quality of life, and business climate through aggressive, proactive programming. We’re committed to ensuring economic prosperity for Central Texas, and we specifically target seven key industries for growth: Advanced Manufacturing, Clean Energy & Power Technologies, Corporate Headquarters, Data Management, Life Sciences, Creative & Digital Media, and Space Technologies. One of the target-related infrastructure developments we are actively supporting is prioritizing the funding, development, and construction of a top-tier medical school in Austin. The Human Capital Austin is a young, smart, and successful city with unbounding energy and creative ideas. College graduates make up nearly 43 percent of the adult population, and nearly half the region’s population is between 18 and 44 years old. Austin pleases all in rankings ranging from “Best City for Relocating Families” to “Best Cities for Singles.” What better balance can a city offer than being both the “Best Place for Business and Careers” and the “Live Music Capital of the World?” We’re consistently recognized among the most inventive, creative, wired, rockin’, educated, and fit citizens in the U.S. Where Creativity & Commerce Mix Austin is recognized across the globe for our great quality of life and dynamic, high-tech economy. Recently, Amazon, athenahealth, Charles Schwab, and Flextronics joined global leaders like Samsung, Apple, HID Global, General Motors, and Visa in making significant new investments in Austin. Operations newly located in the last three years have created more than 17,000 jobs in the region. Austin is where creativity and commerce mix and our growing cluster of innovative companies embrace the area’s technology infrastructure. The result? A region of both established and emerging companies that are changing the face of industry today. Austin’s dynamic, creative, and entrepreneurial environment is fueled by the availability of funding, research collaboration, and skilled talent. Life is Better Here We have a user-friendly attitude toward business. Central Texas businesses enjoy a low tax burden that is fair, competitive, and along with our regulatory environment, designed to make businesses feel welcome. Per capita state and local taxes were $4,045 in 2014, 13 percent less than the national average. Similarly, state and local taxes in Texas are low relative to income, amounting to $88 per $1,000 of personal income, compared to the national average of $101 per $1,000. Aggregate costs for real estate, energy, wages, and taxes are below most states in the country as well, providing strong pillars of support for executing your plan to profitability. The National Association of Home Builders reports that the median home price in Austin is $280,000 and that 58.7 percent of all new and existing homes sold were affordable to families earning the metro’s median income of $77,800. Lower taxes. More affordable cost of living and home ownership Home to Innovation A multimedia revolution has arrived, and the Austin region is at the center of it all. We’re home to creative professionals and technology innovators who develop everything from video games to digital music and cutting-edge films. The Austin area plays host to a breadth of talentrich companies in the fields of production, animation, and visual effects for film and television, music and technology, video game development, and interactive software creation. To showcase Austin’s impact on the technological industry, every year, in mid-March, the city plays host to South by Southwest (SXSW), which attracts global industry leaders in Film, Interactive, and Music. In 2016, SXSW had more than 37,660 Interactive Conference participants from 82 foreign countries. With 1,377 conference sessions and 3,093 speakers, SXSW has established itself as a major gathering of industry leaders in the technology field. Paired with the companies already present in Austin, together they make a city known as a top location in the country for the creative class, providing you with easy access to high caliber talent to fuel your organization. A Culture of Collaboration Austin features just the right environment for cultivating an engaged, ambitious, and artistic community: lots of natural beauty, a low cost of living and doing business, nationally recognized educational opportunities, and an atmosphere of innovation. Our creative community is made up of interesting, collaborative individuals and teams—producers of great work. The Greater Austin area is a hotbed of innovation. Frequently referred to as Silicon Hills, our vibrant region is home to both world-renowned software enterprises and bootstrapped, high-tech startups. We support more than 5,500 technology companies, all of which benefit from our highly educated workforce of more than 129,000, as well as globally respected research institutions, top-tier infrastructure, and winning entrepreneurial spirit. And we’re leading the clean energy revolution. Our vibrant region is home to industry-leading wind turbine and photovoltaic manufacturers. We also support clean energy research and development, including biofuels and energy storage. Our municipal utility, Austin Energy, has been ranked the top green public power utility for its GreenChoice renewable power program for seven consecutive years. You Can Change the World Here Seriously. You have a big vision for your company. The success of so many other corporations here should give a clear indication that Austin can offer you what you need to carry out your strategies and tactics to bring that vision to reality. Austin is defined by stunning growth, lower business and living costs, and a workforce that is youthful, well educated, and skilled. We have the infrastructure to support your business. We offer proven telecommunications, transportation, and electric and water capacities that support major industries. And whether it’s for you, your colleagues, or VIP clients, you will appreciate our modern international airport. Austin-Bergstrom International Airport is among the most sophisticated in the nation. And it’s tough to beat Austin’s central location for conducting your offsite business or hosting your customers. Entrepreneurial Excellence Austin isn’t just for the big guys. Our city is widely known and recognized as a hub of entrepreneurial activity. According to a Kauffman Foundation study, Austin is the most business-friendly U.S. city, based on the ease of starting a business, ease of hiring, regulatory burdens, and available training and networking opportunities for business owners. Bringing It All Together The whole picture comes together with our stunning natural environment, both in Austin proper and in the rolling landscape of the surrounding Hill Country. An important part of the mix is our vibrant-yetrelaxed culture that includes a wide-ranging music scene that has earned us the moniker, “Live Music Capital of the World.” And then there’s the long list of “bests” that includes “Best Place for Business and Careers,” “Best City for Relocating Families,” and “Best Cities for Singles,” to name only a few. The thing is, people are happy living here. You’re going to find people who want to work, who are educated and trained to work well, and who appreciate what our city has to offer. We have a lively story to tell, of high-tech successes and a diverse economy, an affordable cost of living, and a spectacular workforce. But, the story we’re most excited about is the one you’ll be telling—about your company’s crowning achievements, the families whose lives have been enriched because of its success, and how one of the best decisions you made along the way was setting up shop in Austin.
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