Data centers power the cloud computing and artificial intelligence systems that have become central to everyday life, and they have emerged as significant economic engines for the regions that host them. Federal Reserve Banks in Philadelphia, Cleveland, Chicago, Atlanta, and Dallas have all cited data center development as a driver of regional economic activity in recent reports. Full article here:...
Amazon founder Jeff Bezos’ aerospace company Blue Origin may bring thousands of jobs to the Austin area after Hutto quietly approved an economic development package for a proposed manufacturing facility. AI Prefab Solutions LLC has opened a 197,000-square-foot headquarters and plant, a space nearly the size of three football fields, in Hutto, 30 miles northeast of Austin. Full article here:...
See how every state compares for your income — find out where you'd pay the least (and the most) in taxes. Even though we frequently hear complaints about Texas property taxes, the overall tax burden is #7 lowest in the U.S. and explains why more and more people and businesses are moving to Texas. Full article here: Which U.S. state has the lowest overall tax burden? (512) 853-0110...
The race to become America's next economic heavyweight may already have a frontrunner. The latest Internal Revenue Service (IRS) migration data show billions of dollars in taxpayer wealth flowing into Texas, while Census figures show the state's largest metropolitan areas continue to outpace much of the country in population growth, strengthening a decades-long shift in America's economic center of...
The Austin metro has more ranches for sale than any other metro area in the country underscoring the region’s growing role in a luxury real estate market fueled by lifestyle buyers as much as traditional ranchers. The Austin area had 727 active ranch listings in June, the highest total among U.S. metro areas. The median asking price was $1.4 million, down 6.7% from a year earlier. Four of the five...
Looking up at night, the moon feels a little closer than it used to — at least to those in Texas’ booming aerospace sector. When Cedar Park-based Firefly Aerospace Inc. successfully landed there last year — the first commercial company to do so — the moment highlighted an Austin-area aerospace and defense ecosystem that has seen nearly fourfold growth in the past five years. That’s got...
You’ve no doubt had concerns about the state of our Austin economy and real estate market the past few years which would be justified. I’ve reported on recessions and strong markets alike over the years in these posts. Beginning around 2002, we began a booming Austin economy that lasted until the Fed dramatically raised interest rates in early 2022 which threw a wet blanket over our real estate...
Despite numerous return-to-office initiatives in the past few years, remote work is persisting above pre-pandemic levels in the Austin metro area and across the nation. In the U.S., employees spent an average of 26% of full paid days working from home in May, according to survey results published by the St. Louis Federal Reserve. While that’s nowhere near the 62% remote work rate during the pandemic in...
The Austin-Round Rock-Georgetown metropolitan area ranks among the top 10 most educated large metro areas in the country, according to a new WalletHub analysis. Austin ranked No. 9 overall in the personal finance website’s annual ranking of the 150 largest U.S. metropolitan areas, earning high marks for both educational attainment and quality of education. Full article here: Study: Austin among top...
Texas is the country’s fourth-best state for business in 2026, according to a widely watched ranking from CNBC — a position that represents a slight downgrade for the famously pro-business Lone Star State. Last year, Texas ranked second overall behind only North Carolina. Full article here: Texas slips in business ranking but is still in top 5 (512) 853-0110...
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