According to Forbes, Austin is still the fastest growing city in the U.S. This is the 4th time Austin has been named the fastest growing city, expanding it’s economy by 5.88 percent in 2013 and saw an increase in population of 2.5 percent. This, combined with a 4.89 percent unemployment rate, makes Austin it an attractive place for people and businesses to call home.
Another big contributor to growth? An effort by the Austin Chamber of Commerce to recruit business from a wide variety of industries in 2004, particularly those companies located in California, the Upper Midwest & the Northwest.
According to Dave Porter, senior vice president for economic development at the Austin chamber, “We’ve had 307 companies move here in the last nine years, and about 100 of those come from California.”
Most recently, AthenaHeath announced it would bring more than 600 jobs to Austin, and San Francisco based, Dropbox, will be expanding to Austin as well.
Other Texas cities listed by Forbes include, Dallas (#4), Houston (#10), and San Antonio (#25).
Thinking about making the fastest growing city in the U.S. your home, or already live in Austin and just looking to buy your dream home? Let our local area real estate experts help you! Contact us today to see what we can do for you – we’d love to talk with you!