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Austin, TX 78759
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Austin, Texas

Austin, Texas Economy

During the 1990s, Austin was nicknamed Silicon Hills as development centers and headquarters for many technology corporations slowly emerged. Today, it is more known as The Live Music Capital of the World, where it holds the most prestigious music tours and events known in the US. One of the largest music festivals in the U.S. is the South by Southwest. It has more than 2,000 performers playing in more than 90 venues over four days. This happens around Downtown Austin every March.

Austin tops the list of 102 cities measured in a monthly report by The Business Journals’ On Numbers gaining an overall score of 83.9 out of 100 based on 18 economic factors. It’s reputation as a job-creation machine has propelled it to the top of the monthly report consistently holding first place for eight of the first ten months in 2013.

Five-year wage values have grown between October 2008 through October 2013 nearly 15 percent. The city’s average weekly earnings per worker are now $919.12.

Austin, Texas Arts & Culture

Austin’s government provides support and management for the City’s popular cultural arts programs. It focuses on the development of arts and cultural industries with the aide from The Cultural Arts Division of the Economic Development Department.

The Cultural Arts Division oversees the Cultural Arts Funding Programs and initiatives designed to support and encourage the community’s unique cultural identity and vitality. Several programs include Art in Public Places Program (AIPP), community-based arts development, and programs geared towards the development of creative industries in Austin.

Austin is also known for their music festivals, one-of-a-kind shopping, beautiful outdoor spaces, ballet center, and historical sites and museums.

Austin, Texas Sports

Austin, Texas is home to the University of Texas Longhorns and to several minor-league sports teams and not big on major league professional sports teams.

Interestingly enough, the city of Austin is known as a major disc golf destination with 11 established courses and over 50 courses within driving distance.

The city gained more exposure in July 2013 when ESPN decided to relocate the X Games from Los Angeles to Austin. The agreement makes Austin, Texas one of six stops on the global X Games circuit from 2014 to 2018.

Austin is also recognized as the birthplace of all-women’s flat track roller derby. In 2003, the Texas Rollergirls was established and is known to be the first league to play modern flat-track roller derby. After being founded, it influenced the rule-setting and track design of the Women’s Flat Track Derby Association in 2005.

Austin is also popularly known as an ideal venue for several endurance and multi-sport races. The city also offers natural features with limestone rock formations and mild climate which make it a bicycle-friendly destination.

In addition to hosting the Austin Marathon since 1992, one of the more popular events in Austin, Texas is the Capitol 10,000, which is the largest 10K race in Texas. The race is so large that it is estimated to be the fifth largest race in the United States.

The American Swimming Association was also founded in Austin. It hosts an open water swimming event known as the Cap 2K, and other closed-course, open water, and cable swim races around town.

Combining these three sports disciplines, Austin is becoming a respected place for triathlons. One popular triathlon includes the Capital of Texas Triathlon held every Memorial Day near Lady Bird Lake, Auditorium Shores, and Downtown Austin.

Noteworthy Austin, Texas People

  • Stephen Fuller Austin led the second and ultimately successful colonization of the Texas region by the United States. Known as the “Father of Texas,” Stephen Fuller Austin was honored as the namesake of the capital city of Austin, Texas, Austin County, Texas.
  • Lance Armstrong — cyclist
  • Sandra Bullock — actress
  • Tom Ford — fashion designer
  • Lyndon B. Johnson — U.S. President
  • Rich Riley — Executive Vice President of Yahoo!
  • Renée Zellweger — actress