The $30B Industry Set to Profit from the Mass Migration of Americans
Source: Austin Chamber of Commerce
The Signal: We are only 6 months into 2020, and already 61 companies have relocated to, or expanded in Austin, Texas — not bad considering the country has been locked down for much of that time. This number is likely understated, since it only includes known relocations that were publicly announced.
The rate of company relocations to the city has been on the rise since 2016 and includes tech heavyweights like Amazon, Apple, Tesla, and Google, which love the city’s “lower costs and laid-back lifestyle.” These movements have created ~36k new jobs in Austin since 2018.
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