AUSTIN, Texas — Realtor.com is the latest tech company to announce its corporate headquarters are moving to Austin.
They’re following the lead of hundreds of other companies that have made the move in the last two decades. And if you’ve been in Austin for more than a decade, you don’t need to look further than the skyline to see how much the city has grown.”
“I think a lot of people will be interested to know that this has been one of the top performing economies in the United States,” Ed Latson, C.E.O. of the economic development group Opportunity Austin, said. “Between 2018 and 23 we added more jobs, more population, more GDP than any other large metropolitan area.”
He says in the last 20 years, more than 900 companies have moved into the region.
“And just in the last five years alone, we’ve added over 100,000 jobs to the economy,” Latson said. “And it’s a testament just to the trajectory we’re on.”
Realtor.com is the latest to make the move, joining other big names like Google, Samsung, and Amazon.
“We think they’re a great fit in the region,” Latson said. “They’re coming here because they want access to the talent, to the resources, to the quality of life that Austin offers.”
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Dr. Mark Jones with Rice University says Texas has always been a very pro-business state.
“Governor Abbott, but also Governor Perry too,” Dr. Jones said. “When we’re looking at Texas and it’s business climate, part of it’s historic that is going back decades.”
He adds Governor Greg Abbott has worked hard to prevent policies that threaten that image.
“Texas has laid out a very pro-business, low regulation, pro-growth strategy that is very attractive to businesses.” Dr. Jones said.
Case in point, the Texas Business Courts were created just last year.
“Those businesses are going to look at those business courts with the belief that they’re going to be treated fairly in a case that involves, say, business versus labor, business versus consumers.” Dr. Jones said.
Latson says we don’t have just state policies to thank for our growth in the region, but the entire culture in Austin too.
“What I see in the future is, you know, one of the most thriving economies in the United States, and the companies that are moving here are very interested in that, and we see the economic momentum,” Latson said.
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