2015), the Professional and Business Services
industry (which includes technology) has had
overall positive growth from November 2014
to November 2015 with a total employment
increase of 2. 4 percent. And, Austin ranked
fourth among the country’s 200 largest
metropolitan areas on the Milken Institute’s
Best Performing Cities list, which ranks cities
according to metrics like job creation and
salary and technology growth.
Top technology employers in Austin
include such nationally known companies as Samsung, Advanced Micro Devices
(AMD), Apple, Inc., Applied Materials,
Cisco Systems, Dell, Inc., Freescale Semiconductor, IBM, Intel, and 3M, plus numerous
startup companies. Most of these businesses
are also either based in Austin, or they’ve
chosen to locate large portions of their operations here.
In fact, Fast Company magazine has named
Austin, Texas a Startup Hub on its annual 30
Fastest Cities in the World list, with criteria
ENTREPRENEURIAL SPIRIT AND
that included “a culture that nurtures creative
action and game-changing enterprise, innova-
tion and energy.”
We’ve also been ranked among the Top 10
Hottest Wireless Cities, with about 11 free
wireless hotspots for every 100,000 resi-
dents. Austin’s ranking is credited to a strong
grassroots wireless movement, especially the
Austin City Wireless Project ( www.austinc-
In June 2015, Austin won the No. 1 city
in the nation for startup activity, with
an average of 550 new entrepreneurs per
month, according to the annual Kauffman
Index of Entrepreneurship. Entrepreneur
magazine has ranked the University of
Texas at Austin among the top 10 on its
list of Best Graduate Programs for Entrepreneurs, and the Wall Street Journal named
UT’s Executive MBA Program the 12th best
among business schools.
The Austin Technology Incubator, the
University of Texas’ IC2 Institute, the Central
Texas Angel Network, the Austin Technology
Council, and Capital Factory – a technology
incubator program in which companies apply
for cash, support and mentoring sessions with
experienced, successful and local entrepreneurs – have all made it possible for young
companies to be successful.
The Daily Beast has ranked Austin seventh
on its America’s Smartest Cities list, and
it’s that range of talent and ideas that have
made Central Texas one of the top targets for
venture capital investment in the country. In
fact, one of the largest venture investments
in the country was made in an Austin-based
company – vacation home rental site
HomeAway.com – which received $250
million in venture funding in November 2008.
Prime investment sectors in the last several
years have included biotechnology, business products and services, computers
and peripherals, consumer products and
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