Transcript Opportunity Austin

Austin Chamber of Commerce
12•07 State of the Economy
• Opportunity Austin •
As presented to the
Keller Williams Agent Leadership Council
Opportunity Austin
Opportunity Austin—A 5-year, 5-county economic
development initiative aimed at creating 72,000 jobs
• February 2003—Opportunity Austin is created
• March 2003—Chamber commissions Market Street
Services to evaluate Austin’s business climate and
create an economic development strategy
• April-July 2003—Strategy development
• August 2003—Program review and budget creation
• September 2003—Official rollout of Opportunity Austin’s
5-year economic development “roadmap.”
Opportunity Austin
Strategy
• Capitalize on existing strengths
• Recruit & target diverse sectors
• Stimulate entrepreneurship & new enterprises
• Market Austin effectively
• Improve regional competitiveness
5-Year Goal
• Creation of 72,000 jobs and $2.9 billion in aggregate
increase in payroll
Opportunity Austin
Capitalize on existing strengths
• Locally headquartered companies
• Computer software
• Digital media
• Wireless
• Semiconductors
• Tourism
Opportunity Austin
Recruit & target diverse sectors
• Automotive
• Medical products
• Regional offices & headquarters
• Transportation & logistics
Opportunity Austin
Stimulate entrepreneurship & new
enterprises
• R&D & technology commercialization
• “Next Wave” sectors: nanotech, biotech,
clean energy
• Export assistance
Opportunity Austin
Market Austin effectively
• Identity building
• Getting the word out that Austin is “in the
game”
• Chamber positioning
Opportunity Austin
Improve our regional competitiveness
• Workforce quality
• Transportation system & infrastructure
• Permitting & regulatory climate
2006 Corporate Locations
Austin
AMI Semiconductor
ANACS
Aruna Solutions
Asuragen
Austin Exploration
Aztek Systems
BazaarVoice
BioWare Corp.
CompassLearning
Compeat Restaurant
Mgt Systems
Connecticut School of
Broadcasting
CSIdentity
Dechert
Dimensional Fund
Advisors
Exagen Diagnostics
Hewlett-Packard
IBM Corp.
Intelligentz Corp.
Medical Present Value
MJC Electronics Corp.
Mobile Evolution
Parrot
PRC
Rackspace Managed
Hosting
ReachForce
Replicon
Reznik Group
Rimini Street
Samsung Austin
Semiconductor
SolarWinds
The Onion
Bastrop
Bargas Medical
Devices
Elgin
Accurate Elastomer
Products
Georgetown
Cesco Magnetics
Round Rock
TECO-Westinghouse
San Marcos
MAxIMuS
2006 Corporate Expansions
City of Austin
21st Century Financial Ser.
Advanced Micro Devices
American Power Conversion
AnyWare
ArthroCare
BioWare
BuildForge
Bury+Partners
Calply
Cirrus Logic
Colonial Bank
Consero
Convio
Dell
e-MDs
Enterprise Rent-a-Car
ETI
Farmers Insurance
FineTooth
Freescale Semiconductor
Gerson Lehrman Group
Grainger
Gunze Electronics USA
Hewlett-Packard
IBM
Integral Wave Technologies
Intel
Intrinsity
Jam Technologies
Kershner Trading Group
Kodiak Assembly Solutions
MessageOne
Motorola
Movero Technology
National Transcript Center
NetEffect
NetSpend
Newisys
Newmarket IT
nFusion Group
Old Dominion Freight Line
Pervasive
Progressive
PulseWave RF
Qualcomm
ReachForce
Samsung
SensorTran
Seton
Springbox
Tocquigny Advertising
Trillion Partners
University of Phoenix
Uplogix
Vcfo
Voxpath Networks
2006 Corporate Expansions
Beyond Austin
Bastrop
Round Rock
Coghlan Group
Cerilliant
Co Com Cabling Systems
Lone Star Circle of Care
Cedar Park
ETS Lindgren
Kyle
San Marcos
Grande Communications
HADCO
RSI
Taylor
Lockhart
Serta Mattress
Luling
Security Cameras Direct
Burrows Manufacturing
Opportunity Austin
Goals & Measurements
2006 Results
2004-2006
5-Year Goal
Net increase in
non-farm employment
33,100
80,900
72,000
Net increase in payroll*
$1.4 billion
$3.5 billion
$2.9 billion
GOALS
MEASUREMENTS
Corporate locations
36
93
100
Out of region visits
124
432
500
Prospect visits to Central Texas
133
275
250
Serious relocation inquiries
979
2,763
5,000
Regional retention visits
141
316
475
*Calculated based on TWC’s 3rd quarter average weekly wage for Austin MSA.
Prospect Activity
July 2007
July 2007
Out of region
company visits
Year-toDate
Annual
Goal
Campaign
-to-Date
5-Year
Goal
17
75
100
495
500
Serious relocation
inquiries
111
715
1,000
3,417
5,000
Prospect visits to
Austin
7
71
50
343
250
Corporate
announcements/
relocations
2
19
20
111
100
19
96
100
412
475
Regional retention
visits