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Austin Ranks as “Best-Performing” City Once Again

Austin Ranks as

“Best-Performing” City Once Again

 

Photo taken from Aquila Commercial. 

 

For the third year in a row, Austin took the No. 3 spot on the Milken Institute’s Best-Performing Cities report.

Milken’s index ranks cities on a variety of metrics, including jobs, wages, salaries and technology output. It’s designed to help the public and private sectors evaluate and compare cities throughout the nation. It is particularly handy for Realtors, job recruiters and site selectors.

Placed in the “tier 1” category that includes 13 large and 13 small cities, Austin ranked number 3 right after (1) Provo, Utah and (2) Palm Bay, Florida, demonstrating its improvement in many indicators including “one year job and wage growth” and “five year job and wage growth”. No other Texas cities were in the top 10.

Among the many advantages of living in the Lone Star State, Austin offers a low tax rate and plenty of space for expansion and development. Austin boasts a relatively low cost of living despite a thriving tech sector and has marketed itself as friendly and open to business relocations. Dell, Apple Inc., IBM, and Samsung Austin Semiconductor are all major employers, and BAE Systems recently announced a new Austin campus, which plans to bring an additional 800 jobs to the city. The state capital is also home to the University of Texas at Austin, which is a major research university with strong ties to industry. Oracle, the world’s second-largest software maker, also recently announced plans to move its headquarters to Austin from Redwood City, highlighting the city’s magnetic tech pull.

Despite a tumultuous 2020 globally, the large public sector has helped stabilize the economy. The federal, state, and city governments each employ over 6,000 people, contributing to a 16th place rank in short-term job growth. Housing affordability, however, will continue to be an issue beyond the pandemic, especially with the growth in housing costs in recent years.

 

CALIFORNIA LOSES STEAM

Municipalities throughout the San Francisco Bay Area — known lately for sending thousands of new residents to Texas — took a beating in the Milken report.

San Francisco, which took the top spot in last year’s breakdown of U.S. cities, fell 23 places. San Jose, which was No. 5 last year, came in at 22. And Oakland dropped 48 spots, going from 17 to 65.

But the biggest declines in the country came from some of the Bay Area’s outlying cities. Salinas suffered the largest drop of any U.S. metro area, falling 90 places from 41 to 131. The Santa Cruz-Watsonville metro area went from 52 to 124, a 72-point drop.

“A notable common characteristic of the cities that dropped the most is their proximity to larger ‘superstar cities,'” according to the report from the Milken Institute, which is based in Southern California. “Most of these metros also have low levels of high-tech industry concentration and extremely high housing costs. In Oakland’s case, these pressures have displaced many residents and decreased socioeconomic diversity.”

“The pandemic has had an outsized impact on cities where the economic effects of the current recession are exacerbated by high-housing costs,” said Kevin Klowden executive director of the Milken Institute Center for Regional Economics and California Center.

The Milken rankings measures economic vitality in 200 large metropolitan areas and 201 small metropolitan areas using job creation, wage growth and innovation industry metrics. The 2021 version of emphasized jobs, wages and high tech growth, housing affordability and household broadband access.

To download the full report from the Milken Institute, click here.

 

 

 

 

 

The Tech Scene: Austin-area Tech Employers

The Austin Tech Scene: Austin-area Tech Employers

 

Photo from: 9TO5Mac
Photo from: 9TO5Mac

 

Austin, Texas, has become one of the hottest relocation hotspots for tech talent during the pandemic. Ranked by the number of Austin employees, check out the top 10 tech employers with offices in the Austin Area.

The tech companies included provide some sort of proprietary technology that changes the way business is done. They include hardware and software makers, internet-based services, e-commerce companies, semiconductor corporations, manufacturers, biotech firms and artificial intelligence businesses, to mention just a few.

Information for the list is gathered from ABJ surveys, news coverage and company websites.

 

1. DELL TECHNOLOGIES

  • Address: One Dell Way, Round Rock, 78682
  • Brief Description: Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play with an innovative technology and services portfolio for the data era.
  • Sector: Hardware, software, IT, services
  • Number of Austin Employees: 13,000
  • Products & Services: IT products and services
  • Year Est. in Austin Area: 1984

 

2. APPLE INC.

  • Address: 12545 Riata Vista Cir., Austin, 78727
  • Brief Description: Apple Inc. (Nasdaq:AAPL) is an information technology company headquartered in Cupertino, Calif. that provides consumer electronics, software and services.
  • Sector: Hardware, software, services
  • Number of Austin Employees: 7,000
  • Products & Services: Mobile communication, computers, music players, related software/services, peripherals, third-party digital content and apps
  • Year Est. in Austin Area: 2004

 

3. IBM CORP. 

  • Address: 11500 Burnet Rd., Austin, 78758
  • Brief Description: IBM Corp. focuses on the intersection of business insight and technological innovation through five business segments: cognitive solutions, global business services, tech services and cloud platforms, systems and global financing.
  • Sector: Hardware, software and IT
  • Number of Austin Employees: 6,000
  • Products & Services: IT infrastructure, services, consulting, hardware/software, microelectronics, research
  • Year Est. in Austin Area: 1967

 

4. ACCENTURE PLC 

  • Address: 323 Congress Ave., Austin, 78701
  • Brief Description: Accenture is a global professional services company with leading capabilities in digital, cloud and security across more than 40 industries.
  • Sector: Technology consulting
  • Number of Austin Employees: 4,500
  • Products & Services: Professional services with leading capabilities in digital, cloud and security; Strategy and Consulting, Interactive, Technology and Operations services
  • Year Est. in Austin Area: 1976

 

5. AMAZON.COM LLC

  • Address: 11501 Alterra Pkwy., Austin, 78758
  • Brief Description: Amazon.com LLC is an online retailer based in Seattle with distribution center in San Marcos and an office at the Domain.
  • Sector: E-commerce
  • Number of Austin Employees: 4,000
  • Products & Services: Online retailer with distribution center in San Marcos and an office at the Domain
  • Year Est. in Austin Area: 2015

 

5. NXP SEMICONDUCTORS

  • Address: 6501 W. William Cannon Dr., Austin, 78735
  • Brief Description: NXP is a semiconductor designer and manufacturer of smart chips for automotive, mobile, and the industrial IoT.
  • Sector: Semiconductor
  • Number of Austin Employees: 4,000
  • Products & Services: Semiconductor design and manufacturer of embedded processors, such as microcontrollers and digital networking processors
  • Year Est. in Austin Area: 1974

 

7. SAMSUNG AUSTIN SEMICONDUCTOR LLC

  • Address: 12100 Samsung Blvd., Austin, 78754
  • Brief Description: Samsung Austin Semiconductor, a US-based subsidiary of Samsung Electronics Co. Ltd., is one of the most advanced semiconductor manufacturing facilities in the world with more than 3,000 employees and 2.45 million square feet of floor space.
  • Sector: Semiconductor
  • Number of Austin Employees: 3,000
  • Products & Services: Broad semiconductor processors including mobile, graphic, consumer, networking/high performance computing, Internet of Things, RF and automotive
  • Year Est. in Austin Area: 1996

 

8. AT&T INC. 

  • Address: 816 Congress Ave., Austin, 78701
  • Brief Description: AT&T is a modern media company headquartered in Dallas whose mission is to inspire human progress through the power of communication and entertainment.
  • Sector: Communications
  • Number of Austin Employees: 2,800
  • Products & Services: Advanced IP-based business services, wireless high-speed Internet access and voice service
  • Year Est. in Austin Area: 1881

 

8. INDEED

  • Address: 6433 Champion Grandview Way, Austin, 78750
  • Brief Description: More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (comScore, March 2018) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. For more information, visit indeed.com.
  • Sector: Internet, software
  • Number of Austin Employees: 2,800
  • Products & Services: Job search engine, job postings, job advertising, resume subscriptions, employer branding products, company pages, skills tests
  • Year Est. in Austin Area: 2004

 

10. APPLIED MATERIALS INC. 

  • Address: 9700 E. Hwy. 290, Austin, 78724
  • Brief Description: Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.
  • Sector: Tech manufacturing
  • Number of Austin Employees: 2,510
  • Products & Services: Materials engineering for the semiconductor, advanced display and adjacent industries
  • Year Est. in Austin Area: 1992

 

 

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