marcus hiles

Austin Leads the Way When It Comes to IT and Software Development – Marcus Hiles

Having one of the region’s most progressive workforces and helpful local tax perks, Austin contributed a large sum of $626 million to the state, a twenty percent growth from 2015.
Marcus Hiles claims that the technology center saw its utmost annual dollar figure since 2001 combined with an immense rise in importance, “Austin is a brand, and venture capitalists are very fond of it,” said Bernard Weinstein, an economist at Southern Methodist University, “They put their money in Austin to be a leader in IT and software development.” The software industry boosted a majority stake of investments, with $328 million going into forty-two deals. Biotechnology and IT services followed, making $120 million and $56 million, correspondingly. Mayor Steve Adler considers readiness to innovate has played an important role to his city’s commercial success, “There’s a reason that tech and transportation companies come to Austin to roll out their new initiatives. And that’s because Austin is where good ideas become reality.”

Read more:

Previous Post Next Post

You Might Also Like