Business Climate

There is good reason that Austin and its surrounding areas have become known around the world as "Silicon Hills." The excellent quality of life, great business climate and booming technology industry add up to numerous, high potential job opportunities. Although the high-tech industry is the fastest growing and most visible part of the economy, Austin is well diversified with a strong government, education and financial base. In fact, Austin has been named one of the best cities in the United States for business by Forbes and FORTUNE Magazine. The influx of high-tech professionals into Austin from all over the world makes the city a challenging, exciting and diverse business environment. With more than a million residents in the greater metropolitan area, Austin is the second fastest growing city in the United States and is now the 16th largest city. Progressive local government, no state and local personal income tax, and a competitive cost of living makes Austin an ideal place to get the most from your earnings. And, although people work hard, they know how to have fun, too. "Austin has become one of the few places in the country where people come to live by choice, for all it has to offer," says Austin-based economist Angelos Angelou. Austin holds the title of "The Live Music Capital of the World," with perhaps more musicians per capita than any other city. Austin also has an up-and-coming film industry encouraged by creative people, great weather, scenic hills, and new movie and television production facilities.