There’s no better entrepreneur and family-friendly place to launch a small business than in Austin, TX. With our temperate climate (276 sunny days on average!), reasonable cost of living, and dynamic culture, plus the dedication to helping small businesses flourish, Austin is a ripe environment to launch a new business. Let explore what makes Austin THE place to start your business.
Austin is still considered affordable compared to other cities in the United States. Cost of living is key when it comes to relocating and launching a company. Texas also provides lower costs of doing business which impacts labor costs. When workers can afford rent or a mortgage, it creates more “runway” for you as a business owner. It also creates an environment where employees are more likely to stay over the long haul and grow with your company. According to the Austin Chamber of Commerce, the median home price in 2020 was $367K, just above the national median price of $300K. And yes, real estate prices are rising quickly, however, there are still many surrounding neighborhoods that can offer more affordable options than the heart of town.
There’s an energy here. You can literally feel the electricity of the city’s growth. There’s an excitement to living here as we are a vibrant and growing city. With loads of collaboration opportunities, business-building tools, and connections, we’re a city that nurtures relationships with mentors and advisors. Check out The Capitol Factory for example, where their tag line is, "We meet the best entrepreneurs in Texas and introduce them to their first investors, employees, mentors and customers." This kind of support is powerful for newer entrepreneurs and start-ups.
Known as the “Music Capital of the World,” Austin offers a rich cultural history, world-class dining, superior educational opportunities, and a wealth of outdoor recreational opportunities.
Arts and culture play a huge role in Austin’s quality of life, all of which have an intoxicating influence on the city and resident’s happiness, health, and wellbeing.
Our skilled and educated workforce is powerful for business owners. Austin is recognized as a leader in these areas, with The Travel Channel naming Austin one of the country’s best college towns.
Generally, workers and investors are drawn to college communities where education is revered and sought. The youth bring a hip-factor that makes the city come to life. Many leading institutions work in partnership with business owners, whether it’s on research objectives, workforce training, or tech transfer collaborations.
Generally, workers and investors are drawn to college communities where education is revered and sought. The youth bring a hip-factor that makes the city come to life. Many leading institutions work in partnership with business owners, whether it’s on research objectives, workforce training, or tech transfer collaborations.
