Austin's growth boom to continueAustin's growth boom to continuehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=87652012-12-13T07:34:00Z2012-12-13T00:00:00Z

AUSTIN - After a spectacular year, the future is looking just as bright for Austin, predicted local economist Angelos Angelou at his annual economic outlook event.

The Austin area welcomed 65,500 new residents, created 26,300 new jobs, founded 1,120 new businesses and saw $722 million in venture capital investment in 2012, according to numbers compiled by AngelouEconomics. Unemployment sank to 5.3 percent.

The leisure and hospitality sector led the city’s growth with a 5.9 percent growth rate. The professional services category added the most jobs, with 6,700 new paychecks and a 5.8 percent growth rate. Construction also grew at 5.8 percent.

Austin’s growth will continue to be driven by its own unique brand of entrepreneurship, the tech sector, real estate and entertainment. About 28,000 new jobs are forecast for 2013, and 2014 is projected to yield more than 30,000 new jobs.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2012/12/11/economist-projects-austins-boom-to.htmlRead more at {Source}

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