Just 17 of the 102 major United States markets have more private-sector jobs today than half a decade ago. Austin leads the pack with an increase of 7.7 percent. Kiplinger’s 10 Best Cities for the Next Decade put Austin in the top spot among metro area cities that are prosperous, innovative, and generate plenty of jobs. Featured in the 2012 Inc. 5000 from the Austin area are Xtreme Power, MHD Enterprises, and Vital Farms.
Our city is recognized across the globe for our great quality of life and dynamic high-tech economy. With its 487 start-ups in 2011, Austin earned a spot on USA Today’s list of Top Cities for Technology Start-ups. In the same year, $646 million was invested for 70 technology companies. Austin was also recognized as number 10 in the 2012 U.S. Metro Clean Tech Index.
Austin is rich with innovative startups that are primed for growth. From big data to diagnostics to gaming, Austin’s entrepreneurial ecosystem has never been stronger. Among the Austin Chamber of Commerce’s 2012 A-List Companies poised to make their mark are InfoChimps, Community Cars, Inc., and MapMyFitness.
No wonder Austin topped Portfolio.com’s small-business-vitality charts in 2010. Between 2004 and 2009, when employment nationwide dropped a bit, Austin’s employment increased by almost 16 percent.
Some of the fastest-growing companies in Austin include PrintGlobe, Inc., Reddworks Corp., Affiniscape, Inc., and Four Hands LLC. Keep an eye on these companies as well as Hanger, recently included on Forbes’ list of America’s Best Small Companies.