Oct 6, 2016
Tech cluster Austin earns ‘Silicon Hills’ title
AUSTIN - Over time, enterprise-friendly environment, entrepreneurial focus and a unique culture has transformed a local economy once dominated by government into a diversified, $115B economy with strong ties to...
AUSTIN – Over time, enterprise-friendly environment, entrepreneurial focus and a unique culture has transformed a local economy once dominated by government into a diversified, $115B economy with strong ties to the technology sector.
Today, with patents, venture capital and leading edge ideas driving innovation, 5,485 high-tech employers representing nearly 132,300 jobs have put down roots in Austin.
These companies range from tech titans, including Apple, Google, Facebook, Oracle, Cisco Systems, Dell and Hewlett-Packard, to seed-stage and start-up ventures.
Nearly 75 percent of the 2015 and year-to-date 2016 corporate relocations and expansions involve technology companies.
Since 2005, Austin has received nearly half of all venture capital dollars invested in the state of Texas, eclipsing the much larger Dallas and Houston areas.
These successes have earned Austin the title of Silicon Hills, the Silicon Valley of the South.
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