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Austin TX Emerging Ecosystems (Blog Post) (view source)
Revision as of 15:21, 17 October 2016
, 15:21, 17 October 2016no edit summary
{{McNair Projects
|Project Title=Emerging Ecosystems,
|Topic Area=Entrepreneurship Ecosystems,
|Owner=Eliza Martin,
|Start Term=Fall 2016,
|Priority=3,
|Deliverable=Wiki Page,
}}
Ranked the number one US city for new business creation for two years in a row, Austin, Texas is one of the strongest emerging entrepreneurship ecosystems in the US. Posting a startup growth rate of 81.23% and a .60% rate of new entrepreneurs, it’s clear why entrepreneurship ventures from Homeaway to Whole Foods Market have succeeded.
Unlike many of the emerging entrepreneurship ecosystems, Austin has a strong history of entrepreneurship. Austin’s entrepreneurship ventures began in the 1980’s with the early build up of computer and microelectronics manufacturing. As the industry grew, major computer and semiconductor manufacturers banded together and created the Microelectronic Computer Corporation (MCC), creating one of the largest computer research companies at the time. MCC chose to establish itself in Austin instead of the Research Triangle, Washington, D.C. area, or the Stanford University area due to generous land incentives offered by the University of Texas at Austin. MCC, IBM, Dell Computers, and AMD established themselves in the late 1980’s in Austin, making the region one of the first build-ups of computer and microelectronics industry.
Ranked #1 for Startup Metropolitan Area Data (ranked #1 in 2015)
Austin’s projected 3.15% population growth rate in 2016 is the highest among the 100 metro areasexamined
Employment expanded 3.28% last year {{McNair Projects|Project Title=Emerging Ecosystems,|Topic Area=Entrepreneurship Ecosystems,|Owner=Eliza Martin,|Start Term=Fall 2016,|Priority=3,|Deliverable=Wiki Page,}}
