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Austin, Texas

America's Best PlacesThe state capital, Austin, is a hot area for business. Even during the economic downturn of the past couple of years, the Greater Austin area continued to add jobs, although not as many as in the past. Key industries here include biosciences, computers and peripherals, film, logistics and distribution, multimedia, music, semiconductors, software, telecommunications and call centers.

The bioscience industry in Austin is taking off. Currently, Austin is home to approximately 85 bioscience companies that produce products and services such as pharmaceuticals, preventive medicines, medical devices, laboratory tools and analysis, gene-based cancer therapies, and many more. The University of Texas is a major asset for this industry.

Austin is known for its international connections. Location contributes greatly to Austin's success as an export city. It is only 200 miles from Dallas/Fort Worth's international airport and customs facilities. Top trading partners include Mexico, Canada, Taiwan, Japan and the United Kingdom.

For people looking for something to do, there is never a boring moment. Austin is a culturally and artistically entertaining metropolis. It also has a thriving music scene. Called the "Live Music Capital of the World," musicians flock here to make it big. Hollywood and New York City should step aside; Austin is becoming a major player in the film industry. According to the Austin Film Office, the estimate of total production budgets of films made in and around Austin annually totals up to $100 million. Some of the films shot here include Spy Kids, The Rookie, Miss Congeniality and Office Space.

The outlook for Austin is great for the near future. The city has the ideal blend of strong growth, a stable economy, job opportunities in many different industries, a low cost of living and an outstanding quality of life. Austin offers a package that is perfect for both the single and married business professional.

KEY EMPLOYERS: The University of Texas at Austin; Dell Computer Corporation; City of Austin; Austin Independent School District; Motorola, Inc.; Seton Healthcare Network; IBM Corporation; HEB Austin Regional Office; IRS/Austin Center; Austin Community College; Round Rock ISD - Public Relations & Partners in Education; Texas Department of Transportation; Travis County Government; Advanced Micro Devices, Inc.; Texas Department of Public Safety; Texas Water Development Board; Applied Materials, Inc.; Southwest Texas State University; Texas Comptroller of Public Accounts; Texas Department of Health; St. David's Healthcare Partnership; United States Postal Service/Austin CS Office; Texas Committee on Environmental Quality; SBC/Southwestern Bell - Texas; Texas Department of Human Services

 

 
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Population
1.3 million

Cost of
Living Index
103.3

Housing Costs
The median price of a home is $156,200.

Taxes
No personal income tax, state or local.

Unemployment Rate
5.7 percent

Projected Job Growth to 2011
33.2 percent

Education
Consisting of nearly 100 schools, the Austin Independent School District is the largest of the more than 15 public school districts in the area. There are also more than 50 private schools in the region and seven institutions of higher learning, including the state's flagship university, the University of Texas at Austin.

Healthcare
More than 30 hospitals, centers and specialty facilities service the area.

The Arts
Austin Children's Museum, Austin History Center, Austin Museum of Art-Downtown, Austin Museum of Art-Laguna Gloria, Austin Nature and Science Center, Elisabet Ney Museum, French Legation Museum, George Washington Carver Museum, Jones Center for Contemporary Art, Mexic-Arte Museum

Recreation
Approximately 16,000 acres of dedicated parkland, 34 golf courses, Town Lake, Zilker Park, McKinney Falls State Park, Westcave Preserve, Hamilton Pool, The Wild Basin, Mount Bonnell, The Austin Zoo, Lady Bird Johnson Wildflower Research Center, The Hill Country Flyer Steam Train, collegiate sports

Contact

Greater Austin Chamber of Commerce at (512) 478-9383; www.austinchamber.org

 

 


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