New Fortune 100 Company HQ Coming to Austin: What This Means for Local STEM Opportunities

Posted by Alex Lewis on Monday, November 19th, 2018 at 10:53am.

New Fortune 100 Company HQ Coming to Austin: What This Means for Local STEM Opportunities

In January 2018, WalletHub ranked Austin, Texas the fourth best metro area in the country for STEM (Science, Technology, Engineering, and Mathematics) professionals.

When it comes to STEM opportunities, publications like WalletHub look for cities where big companies in technical fields are expanding. Those expansions translate into job opportunities.

Austin Business Journal recently announced that Resideo Technologies (REZI), a Honeywell spinoff and Fortune 100 company, has chosen Austin for its future headquarters.

Resideo manufactures residential indoor-environmental control and security systems. They are the “leading wholesale distributor of security and low-voltage products,” and a top manufacturer of smart home products.

What will Resideo’s move to Austin mean for locals?

Austin Business Journal went on to say that “with revenue approaching $5 billion, Resideo would be, by far, Austin's largest public company.” For some perspective, the largest public company currently in Austin — Cirrus Logic, Inc. — made $1.54 billion in 2017.

Not only are we discussing new jobs for local STEM professionals, we’re also talking about a lot of money that will be added into the local economy.

Added jobs continue to make Austin a great place to live and invest in real estate.

Resideo is expected to begin their search for a building — or several buildings — in the coming weeks.

Why is Austin ideal for tech companies?

Austin is home to some of the top universities in the state, making it a great place for graduates to enter the workforce with competitive job offers from respected companies. Looking beyond universities, Austin also offers many top coding boot camps to help jump start developer careers.

In another article from this year, WalletHub named Texas the #1 state for starting a business. Their conclusions were based on three key dimensions:

  • Business Environment
  • Access to Resources
  • Business Costs

Between our educated STEM workforce, premiere business environment, and growing influence of popular Fortune 500 businesses, it’s not too surprising that we’re attracting this level of talent.

What makes Austin ideal for STEM employees?

Austin has attracted many top-players in global tech.

With huge offices from Facebook, IBM, and Applied Materials, plus major headquarters like Dell, Accenture, and National Instruments, Austin has grown into a hub for innovation.

Not to mention, Austin consistently ranks at the top of the charts for the best place to live, most exciting place to eat, and most fun place in the country.

In Resideo’s press release about its imminent expansion in Austin, President and CEO Mike Nefkens said "A home is the largest investment most people will ever make. It should be their favorite destination as well, and that fuels our passion at Resideo to bring homes into the future.”

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A JB Goodwin agent  can help you find a home you love. With beautiful new homes across the city, contact a member of our team for help finding the right Austin home for you.

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