Leading business journals love to cover Austin because it’s a hotspot for technology and innovation. The industry boom has brought many businesses to the area and incentivized top tier employees to find jobs in Travis County and the surrounding areas.
Business growth in Austin has occurred for eight years and will continue in 2017, according to Austin Chamber. Data from the organization shows a 1.9% business growth rate for 2016, with education, health services, and financial services growing the fastest.
Businesses are propelled to the area by many of Austin’s advantages, including the following:
Tax-friendliness: Texas is a state with strong tax incentives. With no state income tax, businesses and employees can see more cash in their pockets at the end of the year. Austin Chamber says that local and state taxes here are about 16% lower than the national average, bringing greater savings to residents and corporations alike.
Pro-Business: Austin is a pro-business city with a welcoming environment for ambitious entrepreneurs. Austin residents like to support local businesses. The area’s diversely skilled workforce helps small businesses and Fortune 500 companies alike to thrive. In addition, there are many public and private business organizations that provide networking opportunities for the business community.
Education: The University of Texas at Austin and St. Edward’s University are two of several reputable colleges in Austin. When industry-shaping names like Facebook, Apple, Dell, and Google have position openings, the local schools make it easier to find the brightest and most savvy candidates. New graduates are excited to commit their knowledge and skill to the future of these companies.
Green energy: Taking better care of our city, country, and world has become a priority goal for many Austinites. Increasingly, residents are intentional about where and how they invest their money. Businesses who reflect a similar care for the earth through green-energy, buying locally produced goods, and other clean-production practices have historically received plenty of praise and customer commitment.
Texas also happens to provide some of the most clean-energy jobs in the country, which means that businesses in Austin rest right at the heart of this growing movement.
Commercial real estate: Austin is home to a beautiful downtown and intimate store-front office spaces. The commercial real estate of Travis County offers work environments that satisfy the business needs of many professional fields. Businesses find that securing quality offices in a healthy, family-oriented city can improve the effectiveness of their teams.
Want to jumpstart your career in Austin? JBGoodwin will help you find the right office space or commercial real estate for your needs.