FEBRUARY 2018
Regional $20 million, 5-year economic development initiative Targeted industries: Corporate HQs & Regional Offices Multi-Media Technology Clean Energy & Power Technology Data Management Life Sciences & Biotech Advanced & General Manufacturing Space Technologies to San Antonio to Dallas-Fort Worth to Houston
Opportunity Austin Relocations 70 2004-2017: 524 51,891 Direct Jobs 64 60 50 50 53 50 51 40 30 20 31 26 36 31 21 17 29 34 31 10 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
524 Relocations Since 2004
Combination of Creativity and Commerce, Innovation and Affordability Proactive economic development program Attractive to talent Unique in the U.S. Center of innovation Affordable cost of living Pro-business environment Outstanding quality of life
Austin: The Human Capital Capital of the State of Texas 11 th largest U.S. city MSA population: 2.1 million Population nearly doubles every 20 years Labor force 1.1 million City 305 sq. miles (645 sq. meters) Metro 4,200 sq. miles (10,878 sq. meters)
80% of the population lives within the Texas Triangle of Dallas, Houston & San Antonio Austin to Dallas: 191 miles (3 hours) Austin to San Antonio: 80 miles (1 hour 15 min) Austin to Port Aransas: 250 miles (4 hours) Austin to Houston: 165 miles (2 hours, 45 min)
6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000-1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Source: U.S. Census Bureau & Texas Office of State Demographer.
40% 35% 35.7% 30% 25% 20% 19.3% 15% 10% 8.2% 5% 0% Austin MSA Texas United States Source: U.S. Census Bureau.
Population 2016 Growth 2010-2016 Difference % Change Rank Austin MSA 2,056,405 340,116 19.8% 1 Raleigh MSA 1,302,946 172,456 15.3 2 Houston MSA 6,772,470 852,054 14.4 3 Orlando MSA 2,441,257 306,846 14.4 4 San Antonio MSA 2,429,609 287,101 13.4 5 Dallas MSA 7,233,323 807,109 12.6 6 Denver MSA 2,853,077 309,595 12.2 7 Nashville MSA 1,865,298 194,408 11.6 8 Charlotte MSA 2,474,314 257,302 11.6 9 Phoenix MSA 4,661,537 468,650 11.2 10 Austin is the 31 st largest metro based on total population. Source: U.S. Census Bureau.
AUSTIN Orlando Raleigh Tampa San Antonio Charlotte Houston Nashville Denver Jacksonville Miami Dallas Phoenix Las Vegas Seattle Oklahoma City Portland Atlanta San Francisco New Orleans Richmond Sacramento Washington Columbus Boston San Jose Indianapolis San Diego Riverside Louisville Salt Lake City Minneapolis Kansas City Baltimore Pittsburgh Providence Birmingham Cincinnati Buffalo Philadelphia New York Los Angeles Virginia Beach St. Louis Hartford Detroit Milwaukee Cleveland Memphis Chicago Domestic International 1,200 1,000 800 600 400 200 - (200) (400) (600) Source: U.S. Census Bureau, Population Estimates.
Texas ranked the Best Business Climate Major publications have ranked Texas as having the Best Business Climate in the U.S. Per capita state and local tax burden is low (29 th ) Political climate focuses on maintaining a pro-business environment Right-to-work state Texas created more new jobs than any other state in the past 10 years Over 1.9 million, equivalent to the next 2 largest job creating states combined 19% growth, compared to 6% for the nation
California New York Texas State & Local Taxes Per Capita (2015) $5,864 $8,743 $4,126 Corporate Tax Rate (2017) 8.84% 6.50% 0.75% of adj. gross receipts Individual Income Tax Rate (2018) 12.30% 8.82% None Unemployment Insurance (2017) Average employer tax rate as a % of taxable wages 4.49% 2.93% 2.60% as a % of total wages 0.68% 0.52% 0.51% Workers Compensation (2015) Employer costs per $100 of covered wages Employment-Based Health Insurance Single Premium (2016) Cost of Living Index (2017) $1.97 $1.47 $0.67 $6,054 $6,614 $5,869 147.8 (LA) 192.6 (SF) 238.3 (Manhattan) 96.3 (Austin)
ABIA was ranked No. 1 in North America and No. 2 in the world for its size class by Airports Council International AeroMexico Air Canada Alaska Air Allegiant American British Airways Condor Delta Frontier JetBlue Norwegian Southwest Sun Country United Vacation Express ViaAir Virgin America Volaris
FOUR-YEAR INSTITUTIONS The University of Texas Austin 51,331 Texas State University San Marcos 38,808 St. Edward s University Austin 4,601 University of Mary Hardin-Baylor Belton 3,906 Concordia University Austin 2,711 Texas A&M Central Texas Killeen & Hutto 2,619 Southwestern University Georgetown 1,489 Texas Lutheran University Seguin 1,295 Huston-Tillotson College Austin 1,012 COMMUNITY COLLEGES Austin Community College Locations throughout metro 41,543 Central Texas College Killeen 18,117 Temple College Hutto, Temple & Taylor 4,946 Austin Region Total* 176,980 TOTAL WITHIN 100 MILES 432,551 *Region total includes enrollments for some 4-year and 2-year schools not listed separately. Texas State Technical College (Waco) also offers courses in the region (not included in regional enrollment total). Source: U.S. National Center for Education Statistics.
Fortune 500 HQ Fortune 500 HQ
Dell Technologies 12,000 Flex 2,100 Ascension Seton 10,297 Spectrum 1,765 St. David's Healthcare 9,021 Progressive Insurance Co. 1,650 Apple 6,500 Charles Schwab 1,617 Samsung Austin Semiconductor 6,074 Wells Fargo Bank Texas 1,600 IBM Corp. 6,000 Advanced Micro Devices 1,545 NXP Semiconductors 4,000 Intel Corp. 1,500 Amazon 3,900 ICU Medical 1,500 Applied Materials 3,100 HomeAway 1,500 Whole Foods Market 3,000 Indeed 1,257 AT&T 2,800 Pharmaceutical Product Dev. 1,200 National Instruments 2,500 Hewlett-Packard Enterprise 1,100 Oracle Corp. 2,500 Visa 1,011 Accenture 2,300 Clinical Pathology Laboratories 1,003 General Motors 2,200 Farmers Insurance Group 906 Keller Williams Realty 2,129 State Farm Insurance Co. 900
Austin has the No. 2 best performing metro economy. (American City Business Journals, 10/20/17) Austin is No. 5 on Talent Attraction Scorecard ranking of large metros based on how well they re attracting and retaining skilled talent. (EMSI, 6/16/17) Austin is No. 2 on Kauffman Index of Startup Activity. (Kauffman Foundation, 5/18/17) Austin is one of only 4 metros achieving Inclusive Economic Growth. (Brookings Institution, 4/27/17) Austin ranks as the World s No. 1 Tech City. (Savills, 2/13/17) Austin is the No. 2 Best-Performing City in annual assessment of Where America s Jobs are Created & Sustained. (Milken Institute, 12/14/16) Austin is the 5 th Most Talented U.S. Metro. (Avalanche Consulting, 9/27/16) Austin is America s Best Place to Start a Business. (CNBC, 8/11/16) Austin ranks as the 5 th Most Future-Ready City. (Future Ready Economics, 1/19/16) Austin tops America s Cities of the Future ranking of cities most likely to prosper over the next decade. (Forbes, 1/14/16) Austin ranks 3 rd among U.S. Cities for Foreign Direct Investment Job Creation. (IBM Plant Location International, 9/15/15)
Index, U.S.=100 0 50 100 150 200 250 Phoenix Austin Atlanta U.S. Denver Chicago Los Angeles San Francisco NY-Manhattan Source: Council for Community & Economic Research. 95.0 97.5 99.0 100.0 112.0 123.6 148.0 192.9 238.6
No personal or corporate income tax One of the lowest state and local tax burdens in the nation 29 th in taxes paid per capita 41 st in taxes paid per $1000 of personal income State & Local Taxes Per Capita 2015 California $5,864 New York $8,743 Texas $4,126 United States $4,883 Source: U.S. Census Bureau.
Hays Williamson Travis Los Angeles Orange Middlesex Essex Suffolk Bergen Nassau Westchester Queens Kings NewYork Contra Costa Alameda Marin San Francisco San Mateo $1,400,000 New York MSA San Francisco MSA $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Austin MSA Los Angeles MSA Source: Zillow Local Market Overviews.
Unparalleled outdoor recreation, culture, music, sports, golf, shopping 300 days of sunshine Miles of cycling and running trails, rock climbing, river rafting, and kayaking Best golf courses in Texas UT Longhorns Football, Austin Spurs, Round Rock Express, Texas Stars, Formula 1 Austin City Limits Festival, Austin Film Festival, SXSW