With its low cost of living, a young, highly educated, bilingual workforce, vast land for expansion, and employment growth, Austin, Texas continues to be an economic beacon during rough economic times.
The state of Texas is considered to have one of the most favorable business climates in the country. Like the rest of Texas, Austin has no state income tax, no corporate income tax, and it offers financial incentives for business development. This means more jobs for the people of Austin. While two thirds of the nation’s major markets have fewer jobs now than five years ago, Austin added 99,200 jobs during that span. That’s an annual employment growth of 2.8%, which is the fastest rate in America.
Now, place all this within a gorgeous, well-manicured, and vibrant city, and it’s no wonder why Austin, Texas is consistently ranked as one of the country’s most successful places to do business in.
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