Metro Austin offers wide appeal for both businesses and employees who relocate here. Austin is also known as one of Forbes magazine’s “Best Places for Business and Careers” – in fact many metro Austin area companies are ranked on both the Fortune 500 and Inc. 500 lists of fastest-growing companies.
There’s no question that Austin is a great place to live and work – and that’s reflected in the caliber of companies who have chosen to make the Capital City their corporate home – including Freescale Semiconductor Whole Foods GSD&M Idea City Dell Inc. and National Instruments. Many other businesses have moved their research and development manufacturing and back-office facilities here – Apple Computer Samsung and the Internal Revenue Service all have a large corporate presence here.
Austin’s labor force is just one reason companies make the move here – and why the city has been consistently ranked among the “hottest labor markets” in the county by BizJournals.com which analyzes annual employment and job trends in the nation’s 100 largest labor markets — especially job growth and unemployment.
Education Helps Fuel Economic Growth in Metro Austin
It’s not surprising that the city’s high percentage of college graduates are fueling its successful business economy especially considering the number of top colleges and universities that are based in the Metro Austin area including the University of Texas at Austin; St. Edwards University Huston-Tillotson University; Southwestern University in Georgetown and Texas State University in San Marcos.
Consider that the latest U.S. Census found that nearly 40 percent of Metro Austin area residents age 25 and over hold a bachelor’s degree – well over the national average of 27.5 percent. The engineering business and law schools at the University of Texas have all been ranked among the Top 10 Schools for Hispanics by Hispanic magazine and the magazine also named Austin the Top City for Hispanics. It’s clear that talented young graduates appreciate Austin’s many opportunities – not to mention its quality of life – so recruiting prospective employees is a win-win for both companies and employees.
Research and development thrive here too and that has also helped to attract talent from all over the U.S. and internationally. The University of Texas has been ranked number one of more than 400 major research universities worldwide in a Milken Institute study that looked at the ability of universities to produce patents from their biotechnology research.
Not surprisingly the metro Austin area has also been able to build a formidable reputation as a hub for biotech research and companies. In fact in a testament to that reputation the Clean Technology and Sustainable Industries Organization (CTSI) a not-for-profit industry trade organization “committed to the commercialization and global adoption of clean technologies and sustainable industry practices” created a new branch here naming it the new global headquarters of the organization.