Austin is a major high-technology center. Important industries in Austin are digital media, computer software, semiconductors and wireless technology. Austin is also developing biomedical and pharmaceutical sectors which are bolstered by the University of Texas at Austin. Over 80 biotech and pharmaceutical firms are located in the city. In addition, Tourism has a significant economic role.
Prominent companies headquartered in Austin are National Instruments Corp., Hoover's Inc., Wholefoods Market Inc., Healthtronics, Opus Healthcare Solutions, Silicon Laboratories Inc., and SigmaTel Inc. The notable Dell Inc is based in Austin and is one of the region's major employers.
Noteworthy information regarding Austin, Texas: Money magazine named Austin the #2 best big city in its list of "Best Places to Live." Cost of living index in 2008: 87.1 (national average: 100). Adult population holding a bachelor's degree or higher: 40%. Average earnings in 2009: $39,000.
The Texas Workforce Commission offers workforce development assistance to employers and job seekers. The commission's representatives assist employers with recruitment and training and retraining. The Capital Area Training Foundation is focused on creating long-term education and labor force development solutions.
The largest employers in the Austin region:
- Austin School District
- City of Austin
- Federal Government
- IBM Corp
- Seton Healthcare Network
- St. David's Healthcare Partnership
- State of Texas
- University of Texas at Austin
- Advanced Micro Devices
- Apple Computer
- Austin Community College
- Freescale Semiconductor
- Leander School District
- National Instruments
- 3M Corp
- Applied Materials
- Austin Regional Clinic
Austin's significant job providing sectors
- Trade, transportation and utilities
- Professional and business services
- Leisure and hospitality
- Financial activities
Local businesses have access to useful organizations such as:
- The Greater Austin Chamber of Commerce
- Austin Independent Business Alliance
- Texas Economic Development Council
- Texas Association of Manufacturers
- Small Business Administration - Texas
The latest information regarding local business and industry is provided by the Austin Business Journal.