For Austin Texas Business Opportunities Travis County, see what we have listed or give us a call. Travis County is the home of Austin, Texas’s state capital. A million and a half people live are here in the Austin metropolitan area, most of them in the city of Austin and Travis County, but many in the growing adjacent counties of Hays, Williamson, Caldwell and Bastrop as well. During the 1990’s, the Austin-area population increased at twice the Texas state average.
With 805,825 people in the Austin workforce, half a million of them in Travis County alone, Austin is a place to grow a business. Austin, Texas is young – the typical Austinite is less 33 years old, four years younger than the national median. Half the population is between 18 and 44. The area’s colleges and universities serve more than 100,000. The University of Texas at Austin is one of the lead universities in the country, with more than 21 programs ranked in the top 30 nationally. In Austin, 40% of those over the age of 26 earned a bachelor’s degree or higher, compared to the average of 28%.
Since 2004, Austin’s employment has been much higher than the average – 3.9% compared to 1.30%. In the next decade, the Austin job market expects to increase almost 26%, higher than the Texas or the average in the United States. Only five percent of Austin workers belong to a union. Austin is above the national average in both income and education.
Texas has no state income tax, which means average tax burdens in the Austin region is lower than average. Texas ranks 43nd among the 50 states in taxes paid per $1000 of personal income.
Austin’s largest employers include Dell Computers, Freescale Semiconductor, IBM Corporation, Seton Healthcare Network, the University of Texas, the State of Texas, the City of Austin, and the Austin School District. A dozen other manufacturers of semiconductor parts, computers and electronics have made major investments in the Austin, each one employing thousands of workers in the area
Every year Austin inventors are awarded more patents than their counterparts in other cities such as Phoenix, Seattle, Denver or Raleigh-Durham. Austin and Central Texas is becoming a magnet for certain auto manufacturing companies, biomedical & pharmaceuticals industries, clean energy technologies, wireless data and communication companies, and distribution & logistics companies in the area.
Commercial construction in Austin costs only 81% of the national average. The median home price in Austin is 17% lower than the national average. In January 2007, Travis County residents began construction on more than 1,300 new homes at a cost of $167 million. Austin commercial real estate markets offers exceptional value. With office and industrial vacancy rates at 15 percent, there is room for business expansion in the area. Austin had more than 8.8 million sq. ft. of vacant office space at the end of 2006. Since much of Austin’s development has happened recently, within the past 14 years or so, modern attractive facilities are not the exception. The 33-story Frost Bank Tower opened in Austin in early 2004.
Austin, strategically positioned, midway between the two U.S. coastlines and centrally within Texas has three of the nation’s 10 largest cities – Houston, San Antonio and Dallas, with total population markets of more than 15 million – are all less than four hours from Austin TX. Mexico – Laredo, Mexico’s entry point into the United States, directly links to Austin through I-35. Now completed, State Highway 130 connects to I-35 north of Georgetown and to I-10 east of San Antonio. Austin-Bergstrom International Airport serves ten major airlines, with 300 arrivals and departures every day, and direct flights to 94 cities including 9 foreign cities around the world.
But Austin and Travis County is not just business. Business investors and employees alike like to live here. The city of Austin features 11,900 acres of greenbelt in the area. With more than 20 million annual visitors each year, especially to the Texas State Capitol, Austin is the third most visited city in Texas. The largest urban bat population in the United States can be seen in the evenings, flying above the Austin Congress Avenue Bridge.
In Austin, dress is very casual, and winter coats are rarely needed. With 300 sunny days a year, Austin has almost never had a white Christmas. The annual precipitation in Austin is 32 inches, with an annual average relative humidity of 68%. January temperatures usually stays above 38 degrees, while the temperature in July almost always stays below 95 degrees. Average January temperatures are 51 degrees while average July temperatures are 85 degrees.
Austin is the “Live Music Capital of the World,” with more than 120 places around town to enjoy this music. Few American cities support professional ballet, opera, symphony and theater companies, but Austin has them all – with more than 61 performance companies, 20 museums, and dozens of art galleries.
Austin has been named No. 1, Best City for Job Growth (Forbes, 2010), No. 7 America’s Cleanest Cities (Reader’s Digest, July 2006, No, 1 Top 10 City for Hispanics (Hispanic Magazine, 2006) and No. 2 Best Places for Business and Careers (Forbes, May 2006). So, if you are looking for Austin Texas Business Opportunity Travis County, then give us a call and see what we have.
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