The state capital, Austin, is a hot area for business. Even during the economic downturn of the past couple of years, the Greater Austin area continued to add jobs, although not as many as in the past. Key industries here include biosciences, computers and peripherals, film, logistics and distribution, multimedia, music, semiconductors, software, telecommunications and call centers.
The bioscience industry in Austin is taking off. Currently, Austin is home to approximately 85 bioscience companies that produce products and services such as pharmaceuticals, preventive medicines, medical devices, laboratory tools and analysis, gene-based cancer therapies, and many more. The University of Texas is a major asset for this industry.
Austin is known for its international connections. Location contributes greatly to Austin's success as an export city. It is only 200 miles from Dallas/Fort Worth's international airport and customs facilities. Top trading partners include Mexico, Canada, Taiwan, Japan and the United Kingdom.
For people looking for something to do, there is never a boring moment. Austin is a culturally and artistically entertaining metropolis. It also has a thriving music scene. Called the "Live Music Capital of the World," musicians flock here to make it big. Hollywood and New York City should step aside; Austin is becoming a major player in the film industry. According to the Austin Film Office, the estimate of total production budgets of films made in and around Austin annually totals up to $100 million. Some of the films shot here include Spy Kids, The Rookie, Miss Congeniality and Office Space.
The outlook for Austin is great for the near future. The city has the ideal blend of strong growth, a stable economy, job opportunities in many different industries, a low cost of living and an outstanding quality of life. Austin offers a package that is perfect for both the single and married business professional.
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