Austin, Texas is home to a handful of the world’s largest companies, and a myriad of other world-renowned businesses focused on research & development, manufacturing, and back-office facilities. The Austin area is known for conditions that support great businesses that are fed by the city’s diversity, quality of life, and focus on education. Nearly 47% of adults in Austin have a bachelor’s degree, compared with 33% nationally, putting Austin in the top 10 among the largest metro areas in the U.S. The region welcomes newcomers to Central Texas and is most focused on growing the areas of advanced manufacturing, clean technology, data management, life sciences, space technology, and creative/digital media technology.
In November 2020, Austin was ranked number one in the Computing Technology Industry Association’s “Tech Town Index” of opportunity and quality of life for IT workers.
Large companies that are headquartered in Austin include Whole Foods Market, Dell, and National Instruments.
Tesla revealed in the summer of 2020 that its newest automobile factory will be built east of Austin, in Del Valle. In addition, Elon Musk has relocated his charitable concern, the Musk Foundation, to Austin and will also expand his transit-oriented underground tunneling project to the city.
In December 2020, Oracle announced they are moving their headquarters from the San Francisco Bay area to Austin, Texas.