2016
ANNUAL REPORT
OPPORTUNITY AUSTIN
Economy Business Retention & Expansion | 5 Relocations | 6 Expansions & Relocations | 8 Innovation | 10
Talent Education | 13
Place Transportation & Infrastructure | 17 Transportation Bond | 17 Energy | 18 Air Services | 18
OA 3.0 Financials | 21 Mid-Course Assessment | 22 Regional Partners | 24 OA 3.0 Board | 27 OA 3.0 Investors | 28
Message to Investors To our Opportunity Austin Investors, We are pleased to report another strong year of economic growth and development in 2016. Performance of the Austin area is especially encouraging as we approach completion of our five-year plan focused on three strategic areas. They include growing our economy, increasing our talent and improving our infrastructure to ensure Austin remains a great place to work, live and play for everyone in our region. For more information on overall progress, please see the Opportunity Austin 3.0 midcourse highlights in this Annual Report. In the area of attracting and retaining companies, the Austin region turned in one of its strongest performances on record. The combined number of relocations and expansions in 2016 was the highest ever tracked: • 81 local businesses announced they were expanding workforces, 13 percent higher than the previous mark set in 2004. This translated into the creation of more than 5,300 new jobs. • 50 companies new to the Austin region announced they were opening operations. This total ties the third strongest year (2013) and is expected to create 4,800 new jobs. While attracting additional venture capital funding continues to be challenging, the region experienced 112 deals and about $834 million in funding – the most in Texas. The largest number of deals and dollars invested were in the Internet sector. In addition, Austin was ranked No. 1 in the annual index of the top performing metropolitan areas in America for entrepreneurial activity by the Kauffman Foundation. Progress continued in the areas of talent and education. Our volunteers worked with about 16,000 high school students and their parents across the region to complete college financial aid forms (FAFSA), which generated over $130 million in financial aid for our students.
More progress was made on expanding air travel options for the Austin region. New nonstop service was announced to Frankfurt, Germany, and Guadalajara and Mexico City, Mexico. There are now 60 non-stop destinations via ABIA, up from 51 the previous year.
continue working to ensure our region’s success. This includes advocating for critical transportation projects in Austin and throughout the area as well as addressing mounting affordability concerns. In a recent survey sponsored by the Austin Chamber, 82 percent of Austin registered voters said the city has an affordability issue.
One of the most significant accomplishments in 2016 came from advocacy efforts to help pass a historic transportation bond package for the City of Austin. With financial support from Opportunity Austin investors, we worked together with the mayor, business, active transit and bicycle advocacy groups to raise $1 million to promote and ensure the largest single transportation bond in Austin’s history would be approved by voters overwhelmingly.
In addition, while the latest available data reveal adult and child poverty rates – key OA success metrics – declining in the Austin MSA over the past five years, there is more to be done, including additional funding and programs for workforce training, especially for those in need.
While approval of the mobility bond package was one of several major accomplishments, the need for our community to stay focused and fight complacency with respect to economic development has likely never been greater. We have one of the strongest economies in the country, but there are no guarantees it will stay that way, so we must remain vigilant and
Lastly, the Greater Austin Economic Development Corporation board approved efforts in 2016 to consider and fund the next phase of Opportunity Austin, currently labeled OA 4.0. We expect to continue evaluating the fundamental needs of our community to position the business community to do all possible to ensure a prosperous regional economy in Central Texas for years to come. Thank you for your continued support of Opportunity Austin.
PHIL WILSON
TONY BUDET
2016 Opportunity Austin Chair
2016 Austin Chamber Chair
ECONOMY
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
2016 Scorecard for Relocations, BR&E 2016 RESULTS
2014-2016
OA 3.0 GOALS
New Jobs
32,200
111,500
102,663
Payroll Increase
$1.86 billion
$6.43 billion
$7.08 billion
Corporate Relocation Announcements
50
167
150
Out of Region Visits
293
836
800
Prospect Visits to Central Texas
125
377
250
Regional Retention Surveys
446
1,088
1,500
Poverty Rates Declined Throughout Region The most recent data available through 2015 show the estimated total poverty and child poverty rates declining throughout the Austin MSA, Travis County and City of Austin. More diligence is needed to remained focus on this important metric. Total Poverty Rate
Childhood Poverty Rate
Source: U.S. Census Bureau, American Community Survey
Source: U.S. Census Bureau, American Community Survey
30%
30%
25%
25%
20%
20%
15%
15%
10%
10%
5%
5%
0%
0% 2011
2012
CITY OF AUSTIN
2013
2014
TRAVIS COUNTY
2015
2011
AUSTIN MSA
2012
2013
2014
2015
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
R ELOCATIONS EMPLOYMENT
COMPANY
EMPLOYEE COMPENSATION (MILLIONS)
TOTAL ECONOMIC IMPACT (MILLIONS)
Direct
Indirect/ Induced
Total
Direct
Indirect/ Induced
Total
Abel Design Group
20
30
50
$1.84
$1.29
$3.12
$4.37
Aliya Financial *
15
23
38
0.51
1.09
1.60
2.80
Alpine Consulting *
35
56
91
3.79
2.39
6.19
9.75
500
620
1,120
54.18
26.56
80.74
101.40
20
36
56
2.51
1.71
4.22
8.44
100
59
159
4.52
2.44
6.96
12.48
50
32
82
1.21
1.30
2.51
8.06
300
191
491
7.23
7.82
15.05
48.33
Blueshift *
25
93
118
2.14
4.41
6.55
18.54
CipherLoc
40
71
111
5.02
3.42
8.45
16.87
100
245
345
11.98
11.13
23.11
35.17
Comprehensive Healthcare Management
50
30
80
2.26
1.22
3.48
6.24
Condé Nast *
50
215
265
4.29
10.12
14.41
24.41
Creative Alignments
20
9
29
0.82
0.36
1.18
1.89
Credit Risk Management Analytics *
40
71
111
5.02
3.42
8.45
16.87
Dominion Payroll Services
10
6
16
0.45
0.24
0.70
1.25
Duo Security
30
53
83
3.77
2.57
6.34
12.66
Eseye
12
15
27
1.30
0.64
1.94
2.43
Express Scripts *
100
178
278
12.56
8.56
21.12
42.19
500
2,154
2,654
42.89
101.18
144.07
244.06
Flint Hills Resources
12
18
30
1.16
0.78
1.94
4.13
GE Aviation
50
62
112
5.42
2.66
8.07
10.14
HeartFlow *
125
222
347
15.70
10.70
26.40
52.73
20
36
56
2.51
1.71
4.22
8.44
Home Depot Technology Center *
600
1,468
2,068
71.90
66.75
138.65
210.99
Hyperwallet Systems
100
178
278
12.56
8.56
21.12
42.19
20
40
60
3.79
1.85
5.63
9.89
Amazon * Automic Software Baker Tilly * Best Buy Blue Apron *
ClearDATA *
Hello Soda
InnowaveRF *
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
EMPLOYMENT
COMPANY
EMPLOYEE COMPENSATION (MILLIONS)
TOTAL ECONOMIC IMPACT (MILLIONS)
Direct
Indirect/ Induced
Total
Direct
Indirect/ Induced
Total
40
45
85
2.20
2.04
4.24
7.64
Kuka Robotics *
200
435
635
19.60
19.04
38.65
66.34
Ledcor Technical Services
100
66
166
3.72
2.94
6.65
14.17
80
142
222
10.05
6.85
16.90
33.75
250
374
624
24.27
16.21
40.48
86.06
Logical Position
50
73
123
2.76
2.78
5.54
13.06
Magic Leap *
60
74
134
6.50
3.19
9.69
12.17
Namely *
30
53
83
3.77
2.57
6.34
12.66
Noren Products
40
46
86
1.73
2.35
4.08
8.23
Outdoor Voices *
20
30
50
1.94
1.30
3.24
6.88
Performance Services *
70
103
173
6.43
4.50
10.93
15.31
Promimic U.S. *
10
15
25
0.97
0.65
1.62
3.44
Ride Fare
30
15
45
1.03
0.66
1.69
2.99
Rocket Software
35
62
97
4.40
3.00
7.39
14.77
Seed Sumo
10
10
20
0.60
0.40
1.00
1.52
Shopgate *
75
133
208
9.42
6.42
15.84
31.64
SolarCity *
120
79
199
4.46
3.52
7.98
17.01
SpeachMe
10
18
28
1.26
0.86
2.11
4.22
500
1,651
2,151
47.96
79.45
127.41
249.34
ThousandEyes
30
53
83
3.77
2.57
6.34
12.66
Twitch *
10
18
28
1.26
0.86
2.11
4.22
100
245
345
11.98
11.13
23.11
35.17
4,814
9,948
14,762
$451.41 $458.15 $909.56
$1,609.95
KOMPAN Playground Solutions *
Lightspeed Systems * LKQ *
Superior HealthPlan *
USAA TOTAL
* Projects directly assisted by Austin Chamber Note: One company is not reflected in the chart above as they were not known to have created at least 10 jobs. The company is reflected in 2016’s total relocations because they took more than 10,000 square feet.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
EX PA NSIONS & RE L O CATI O NS 81 Companies expanded in the region OA 2.0
81 69 62 52
54
55
55
2010
2011
2012
2013
35
OA 3.0
2009
2014
2015
5,353 Direct New Jobs were added to the region
2016
5,353 4,470 3,955 3,520
OA 2.0 OA 3.0
3,072 2,115
2009
2,568
2,307
2010
2011
2012
2013
2014
2015
2016
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
50 Companies relocated to the region
64 53
50
OA 2.0
34 29
OA 3.0
50
31
17
2009
2010
2011
4,814 Direct New Jobs were brought to the region
2012
2013
2014
2015
2016
8,380 7,047
5,131
OA 2.0
5,098
4,814
3,779 3,128
OA 3.0
547 2009
2010
2011
2012
2013
2014
2015
2016
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
IN NOVATION 2016 A-List Winners EMERGING
GROWTH
Received less than $1M in funding or revenue under $1M
Received funding between $1M-$10M or revenue of $1M-$20M
EMBARK VETERINARY
IDEALSPOT
ESO SOLUTIONS
Leverages the newest DNA, tech, and biotech technologies to provide owners and veterinarians individualized pet care products and services.
A commercial real estate application that matches tenants to their ideal locations and building owners and managers to their ideal tenants by applying machinelearning, predictive algorithms to real-time market data.
Builds software that helps healthcare and public safety professionals improve community health through the power of data.
FACTOM Brings honesty and transparency to data systems using the block chain. With their tools, you can publish a mathematical proof for any event or record.
RE:3D Gigabot, re:3D’s flagship technology, enables industrial strength, large format 3D printing at an affordable price point.
FIREFLY SPACE SYSTEMS A satellite launch company that provides low-cost, high performance space launch capability for the underserved small satellite market, where secondary payload launches are often the only option. NSS LABS A world leading security product testing laboratory, offering in-depth security product test reports, research, and analyst services. OJO LABS A world class team of engineers, data scientists, product gurus, and proven entrepreneurs who are building an artificial intelligence technology that replicates, adapts, and scales human conversations.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
SCALE Received funding above $10M or revenue of $20M+
THE ZEBRA
CIVITAS LEARNING
A car insurance comparison marketplace and digital agency. With just a zip code and car model, drivers can shop quotes in real time from over 200 insurance companies, learn about coverage options, and secure policies.
Provides a scalable analytics infrastructure for colleges and universities to transform disconnected data into actionable insights that help every student succeed. MODERNIZE
TRENDKITE Helps PR professionals build a timely, highly accurate picture of their brands’ media coverage with ease.
Connects homeowners with the best pros specializing in four areas of exterior home improvements: solar panel installations, roofing repair and installation, window replacement and HVAC solutions.
Funding Activity
Dollars
Deals
$1,092.0M $756.7M
$858.7M
$834.0M
$606.2M
98
124
129
121
112
2012
2013
2014
2015
2016
TA L E N T
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
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ED UCATION DTC70 Partnership Highlights National Recognition The Austin Chamber and its partners are working to achieve our goal of a regional 70 percent direct to college enrollment rate. The partnership has been recognized by the White House, ACCE, and NLC as a best practice or strong regional model in 2015 and 2016.
Improvement in Student Financial Aid Awards, Research Shows
Summer Melt Program Expands Support to 10,000 Graduates
Over the last two years, national researchers from leading universities partnered with the Austin Chamber and eight local school districts to conduct a study on the effectiveness of text messaging campaigns on FAFSA filings. They recently released a study finding that when Texas students were reminded by text message to complete key college financial aid completion steps, they filed their FAFSA earlier and received up to $2000 in additional aid.
To remove college enrollment barriers, last summer DTC70 partners in nine school districts supported 10,000 high school graduates. The collaboration provided ground-breaking, realtime data on student completion status of key Austin Community College enrollment milestones to school district counselors, to more effectively target assistance. Counselors also supported students heading to other in/ out of state colleges. Harvard University and UT-Austin Ray Marshall Center evaluations demonstrated DTC70 partners improved direct college enrollment rates for first generation, low income and underrepresented students who received summer college transition support by four to ten percentage points.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
DTC70 ISD Partners Led State on FAFSA filings Record Class of 2016 FAFSA filing rate. 80 percent of high school seniors who submit their FAFSA directly enroll in college. For over a decade, the Austin Chamber has worked with districts, businesses and over 150 volunteers to assist families in the FAFSA completion process through its Financial Aid Saturdays Program. This past spring, DTC70 partner districts achieved a 50 percent Q1 FAFSA filing rate for the Class of 2016 and topped the state in first-time FAFSA filings for this period.
Our volunteers worked with 16,000 high school students and their parents to complete the FAFSA which resulted in over $130 million in financial aid through the Financial Aid Saturdays program.
College In Sight The Chamber helped to create CollegeinSight.com in 2016 to make it even easier for students and families to pay for college, especially with new advance filing deadlines.
FINANCIAL AID IS CLOSER THAN YOU THINK
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Q1 First-Time FAFSA Filings 11,277
11,504
2011
2012
12,319 11,123
11,507
11,204
2014
2015
10,361 8,604 6,713 5,579
5,662
2006
2007
2008
2009
2010
2013
2016
Financial Impact of FAFSA Filings Based on Average Aid Award $133M $121.8M
$124.2M
2011
2012
$120.1M
$124.3M
$121M
$111.9M
$77.4M $60.4M $50.2M
$51M
2006
2007
2008
2009
2010
2013
2014
2015
2016
Source: U.S. Department of Education
PLACE
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
T R A N SPORTATI O N & IN FR ASTRUCTU RE Transportation Bond Package Austin voters approved largest bond package in history of Austin The Chamber, with financial support from Opportunity Austin investors, worked together with the Mayor, business, active transit and bicycle advocacy groups to raise $1 million to ensure the largest single transportation bond in Austin’s history passed overwhelmingly. This has already leveraged an additional quarter billion dollars from TXDOT for Highway 360. Austin Voters approved the $720 million roads-focused mobility bond package in November 2016 with 59.1% of the vote (passed by about 20 points) in favor of moving Austin forward. The important bond package was four times larger than any transportation bond previously approved in the City of Austin. The bond plan includes spending in three separate buckets: $101 million for suburban highway and road projects; $482 million for investments along identified and to-be-determined
corridors; and $137 million for local streets, pedestrian and bicycling infrastructure, and safety programs. Since Opportunity Austin began, our transportation advocacy efforts, along with others, have now resulted in more than $7 billion in funded road infrastructure projects either completed, under construction, or will begin construction soon.
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18
Austin Energy Rate Settlement We advocated on behalf of members to propose new energy rates to help the business community and consumers. This led to the Austin Energy rate case settlement, approved by Austin City Council, which cut base electric rates paid by almost all customers, including large and small businesses, starting on January 1, 2017. Through a yearlong process, the city-owned utility worked with two-dozen parties to reduce Austin Energy’s revenue by a total of $42.5 million. Included in that was a reduction in commercial rates by about $37.5 million.
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Air Services Through our Air Services Task Force, we continue work throughout the year to further expand international non-stop flight options for Austin, such as Frankfurt, Germany; and Guadalajara and Mexico City, Mexico. AUS continues to enjoy a healthy mix of air service offerings. There are 60 nonstop destinations, up from 51 last year, including seasonal and announced services. British Airways added a first class option to London-Heathrow with the Boeing 787-9 aircraft, and the flight performance continues to exceed expectations.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Austin is the Best Place for Small Business in the U.S. American City Business Journals
Austin is No. 1 on Kauffman Index of Startup Activity. Kauffman Foundation
Austin tops “America’s Cities of the Future” ranking of cities most likely to prosper over the next decade. Forbes
OA 3.0
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
FINA NC IAL S PROGRAM EXPENSES TO DATE (2014-2016) $10,947,277 TOTAL
5 YEAR PLAN $20,000,000 TOTAL
ECONOMY (Recruiting, Business Retention & Expansion, Technology)
$5,554,649
$9,706,929
TALENT (Education/Talent Attraction)
$3,470,680
$922,477
PLACE (Advocacy, Mobility, Infrastructure)
$2,517,053
$639,545
INVESTOR RELATIONS $1,066,429
$359,926
OPPORTUNITY FUND $550,000
$6,159,590
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
MID - COURSE A S S E S S M E NT
Opportunity Austin 3.0 In September of 2016, Market Street Services provided a detailed assessment of programming for the purpose of reviewing progress and recommending adjustments since the start of Opportunity Austin 3.0 in 2014.
For this effort, quantitative data was married with qualitative input from top Chamber leaders and staff and representative from public and private partner entities. These included 15 interviews, two focus groups, and an online survey of OA investors and partners that garnered nearly 100 responses.
Key Assessment findings Overall rankings show that Greater Austin has maintained its position as one of the nation’s top performing metropolitan areas. Across six key areas that measure greater Austin’s economic entrepreneurship, business climate, quality of place, and overall performance, the Austin region finished at or near the top of the rankings. Greater Austin’s private sector employment growth outpaced all of its peers over a one- and fiveyear period. From 2010 to 2015 the region added approximately 170,000 private sector jobs – a gain of 25.5%. Only San Jose (20.5%) saw five-year job growth above 20 percent. Likewise, year-over-year job growth in greater Austin (3.7%) outpaced all of its peer metros – only Raleigh (3.2%) and San Jose (3.1%) experienced year-over-year growth above three percent.
Opportunity Austin’s six target sectors have experienced considerable growth over the last five years. Compared to its peer metros, greater Austin ranked first in employment growth in all but three sectors: advanced manufacturing, creative and digital media, and corporate and regional headquarters. Overall, employment in Opportunity Austin’s target sectors grew by 33.4% – adding nearly 33,000 jobs to the regional economy since 2010. Greater Austin is making strides in its efforts to slow the rise of poverty. While the region’s total and youth poverty rates still rank among the top third of comparison geographies, poverty in both categories rose at slower rates than all but two competitor metros in the previous five-year period.
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
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Transportation is a key competitive concern for the greater Austin region. Public input participants frequently cited greater Austin’s growing congestion as undermining business competitiveness and diminishing the region’s quality of life. Various data measuring congestion and commute time substantiate stakeholder concern. As was highlighted by stakeholders during public input, addressing greater Austin’s transportation challenges will require public and private consensus around both short- and long-term solutions.
Entrepreneurship is thriving in the greater Austin region. Whether it is academic spending on research and development or the percentage of greater Austin area workers who were self-employed, the regional innovation and entrepreneurship ecosystem ranked favorably against many of its peer metros. As new startups continue to fuel growth, Opportunity Austin has the potential to elevate its visibility and continue to expand its ecosystem through investments in South by Southwest Interactive, Innovate Austin, and Austin A-initiatives.
Greater Austin’s population growth over the last five years is the fastest among its competitor metros. Over a five-year period (2010-2015), the greater Austin region added roughly 270,000 new residents. Domestic and international migration continues to be a driving force propelling growth in greater Austin. From 2010 to 2015, the region attracted nearly 200,000 net domestic and international migrants.
Opportunity Austin, the Austin Chamber, and the regional business community face a challenging political landscape in the City of Austin. While many feel that the shift demands the business community’s voice grow louder, others feel outreach and advocacy efforts must be more nuanced, inclusive and acknowledge that there is a “new day” for economic development within the city of Austin.
Despite greater Austin’s ability to attract and retain talent, workforce shortages in particular skills sets are a persistent challenge. While the Austin Chamber’s partnership with the education community is cited as a model to follow, stakeholders noted that the Chamber’s approach to workforce development may be due for adjustment.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
R EGIONAL PAR TNE RS 2016 Highlights Austin • Austin-based Indeed plans to hire 1,000 additional employees. Indeed moved into a new building in Northwest Austin, as well additional space Downtown. • Another half dozen employers announce new or expanded operations each creating 500 or more jobs including Amazon, Apple, Facebook, Home Depot and Superior HealthPlan. • Samsung Semiconductor announces plans to invest another $1 billion in its Austin manufacturing facilities and add hundreds of new jobs.
Buda • Deep Eddy closes on a 197,000 square foot manufacturing facility in Buda. • Chip Semiconductor constructs a new 45,000 square foot facility in Buda. • Speed Tech Lights expands with an additional 25,000 square feet. • Two Wheel Brewing Company moves into 10,000 square feet.
Cedar Park • TIG Real Estate completes two spec buildings (25,000 & 30,000 square feet) in Scottsdale Crossing. • Comprehensive Healthcare Management relocates their headquarters creating 50 jobs. • Industrial Group Southwest breaks ground on 230,000 square feet of spec office/ logistics/manufacturing space.
Bastrop • Single-family housing permits hit five-year high in the Greater Bastrop area. • AEI Technology to relocate medical device headquarters and assembly operations to Bastrop Business Industrial Park. • Bastrop EDC acquires a downtown Bastrop property to develop as mixeduse retail/office infill. • Hunter’s Crossing announces new 182-unit multifamily development.
Elgin • Elgin City Council approves the construction of a new five lane boulevard to open up an area along highway 290 for retail, residential and business development. • ATX Jerky locates to Elgin creating 7 new jobs. • A new job grants program to assist new and existing businesses.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Georgetown
Hutto
Jarrell
• Opens its first EB-5 project, the Sheraton Georgetown Hotel & Conference Center.
• H-E-B anchors masterplanned retail development completed in just 7 months.
• Sun Fresh Markets breaks ground on 28,000 Sq. ft. grocery store in Jarrell Town Center.
• Georgetown is ranked the fastest-growing city in 2016 with a population of 50,000+.
• A 150% increase in site visits last year confirms new development is coming our way.
• Tractor Supply to open in late 2017 in Jarrell Town Center.
• Rentsch Brewery, Georgetown’s first micro-brewery, expands in 2016 to increase production by 10-fold and to add canning.
• Ranks #2 Safest City in Texas.
Kyle • High tech manufacturer, RSI Inc., announces expansion bringing 82 more jobs to the city. • Kyle annexes 7,000 acres in the Summer of 2016, increasing the city limits by 50%. • Austin Community College Hays Campus in Kyle announces $22.4 million expansion that includes a first responders training center.
• City Council makes economic development the #1 priority.
Leander • Austin Community College breaks ground on 100-acre Transit Oriented District (TOD) campus; Classes begin fall 2018. • St. David’s Hospital commits to build a 51-acre health service campus in the TOD. • The city initiates small business grant program for Old Town development with three grants awarded.
• Major infrastructure improvements: new interstate overpass at Bud Stockton Loop, increased water storage capacity and added ground storage water capacity.
Lockhart • Lockhart attracts 3 industrial projects adding over 100 jobs. • SH-130/FM-142 west of Lockhart historic district attracts over $30 million of new capital investment including healthcare, logistics and new housing projects. • The “BBQ Capital of Texas” continues to attract over 1 million tourists annually.
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Pflugerville • EOS, an industrial 3D manufacturing company, locates their North American headquarters to Pflugerville creating 75 jobs. • Medway Plastics locates their southwest manufacturing plant and R&D lab to Pflugerville. • Living Spaces to construct a 650,000 square foot fulfillment center creating 100 jobs.
Taylor • Noren Products relocates from CA and constructing a 35,000 square foot headquarters providing 75 new jobs. • Summit Manufacturing to construct a 44,000 square foot facility providing 75 new jobs. • Texas Beer Company opens a brew pub in downtown and to construct a manufacturing facility with national distribution.
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Round Rock
San Marcos
• New $350 million Kalahari Resort to provide 975 hotel rooms and 150,000 square foot convention center.
• Amazon opens new 855,000-square-foot fulfillment center creating over 1,000 new jobs.
• UPS to invest $70 million to construct a new distribution center in Round Rock.
• Best Buy opens its first and only Texas E-Commerce Sales Operation Center in San Marcos.
• Insys Therapeutics completes third expansion with additional 30,000 square foot building and $20 million investment in new equipment.
• Forbes hails Austin-San Antonio MSAs as America’s Next Great Metropolis centered on San Marcos region.
West Lake Hills, Rollingwood & West Travis County • Two Class A office buildings under construction at Overlook at Barton Creek and at Walsh Tarlton Overlook, and 189 townhomes under construction at The Walsh. • Eanes ISD and all 9 schools recieve top rankings by research site Niche, including Westlake H.S. named 4th best high school in Texas. Eanes ISD was 2nd in the nation, No. 1 in the state.
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
2 016 B OARD Chairman Phil Wilson General Manager Lower Colorado River Authority (LCRA)
Vice Chairman Kerry Hall President – Austin Region Texas Capital Bank
Treasurer
Terms Expiring December 31, 2016
Terms Expiring December 31, 2017
Terms Expiring December 31, 2018
Paul Bury
Mark Curry Community Bank President Wells Fargo
Tim Crowley Regional President – Austin Region Frost
Casey Dobson Partner Scott, Douglass & McConnico
Matthew Dow Partner Jackson Walker LLP
Gary Farmer President Heritage Title Company Rob Golding Principal Boyd Creek Capital
Donnie Williams President/Austin Area Sovereign Bank
Kerry Hall President – Austin Region Texas Capital Bank
General Counsel/ Assistant Secretary
David Huffstutler President/CEO St. David’s HealthCare
Matthew Dow Partner Jackson Walker LLP
President/Secretary Mike Rollins President Greater Austin Chamber of Commerce
Austin Chamber Chairman Tony Budet President/CEO University Federal Credit Union
Chamber Immediate Past Chair Gene Austin CEO Bazaarvoice
Bart Matheney Principal AQUILA Commercial Donnie Williams President/Austin Area Sovereign Bank Howard Yancy President Zydeco Development
Adam Hauser President & CEO Meals on Wheels & More
Greg Fenves President The University of Texas at Austin
Jim Jarrett Vice President Operations Texas Gas Service
Laura Gottesman Owner Gottesman Residential Real Estate
Chuck Lipscomb Vice President – Business Development Director JE Dunn Construction
Tim Hendricks Senior Vice President Cousins Properties LP
Elysia Ragusa International Director Jones Lang LaSalle
Joe Holt Chairman, Austin Region JPMorgan Chase Bank
Don Reese Principal/President Riverside Resources
Chad Marsh Managing Principal Endeavor Real Estate Group
Richard Ridings Vice President HNTB Corporation
Rick Whiteley Executive Director Cushman & Wakefield
Pete Winstead Shareholder Winstead PC Director Emeritus Pike Powers
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2016 OPPORTUNITY AUSTIN ANNUAL REPORT
I NVESTORS Lead Investors $100,000 and up ($20,000 minimum/year)
3M
Cushman & Wakefield
AQUILA Commercial, LLC
Cypress Real Estate Advisors, Inc.
Armbrust & Brown, PLLC
D.R. Horton – Austin
Austin American-Statesman
Data Foundry
Austin Board of Realtors
Delaware North Companies
Austin Commercial, LP
Dimensional Fund Advisors, LP
Austin Community College District
DivcoWest Services LLC
Avison Young
Downtown Austin Alliance
Baker Botts, LLP
DPR Construction
Bank of America
Dynamic Systems, Inc.
BBVA Compass
Edgenuity
The Beck Group
Endeavor Real Estate Group
Benchmark Development & Momark Development
Forestar Group, Inc.
Brandywine Realty Trust
Friends of Austin Opera
Brookfield Residential
Frost
Capital Metropolitan Transportation Authority
Garza EMC
CapRidge Partners, LLC
Goveia Commercial Real Estate
CBRE, Inc. & Trammell Crow Company
Graves, Dougherty, Hearon & Moody, PC
Central Texas Regional Mobility Authority
Greenberg Traurig, LLP
Cielo Property Group
Hanger, Inc.
Cintra US
H-E-B Austin Regional Office
Circuit of the Americas
Hensel Phelps Construction Company
City of Austin / Austin Energy
Heritage Title Company of Austin
CleanScapes, LP
HFF
Clinical Pathology Laboratories, Inc.
Hill & Wilkinson Construction Group
Cousins Properties LP
HNTB Corporation
29
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
HPI Real Estate Services and Investments
Samsung Austin Semiconductor
Husch Blackwell, LLP
Scott, Douglass & McConnico, LLP
IBC Bank
Seton Healthcare Family
Independence Title
Silverback Enterprise Group
Jackson Walker, LLP
Simon Property Group
JE Dunn Construction
Sovereign Bank
JMI Realty
SpawGlass Contractors, Inc.
JPMorgan Chase
Spear Street Capital
Kuper Sotheby’s International Realty
Spire Realty Group, LP
Lincoln Property Company
St. David’s HealthCare
Live Oak – Gottesman
Stantec
Locke Lord, LLP
Stratus Properties
Lower Colorado River Authority
Stream Realty Partners – Austin, LP
Maxwell Locke & Ritter LLP / ML&R Wealth Management
Tenura Holdings, Inc.
MET Center / Zydeco Development Milestone Community Builders, LLC & Topfer Family Foundation Newmark Grubb Knight Frank Norton Rose Fulbright NXP Semiconductors Professional Janitorial Service Randolph-Brooks Federal Credit Union (RBFCU) RANGER Excavating, LP Real Estate Council of Austin, Inc. Riverside Resources
Texas Gas Service Texas Mutual Insurance Company Texas State University TIER REIT, Inc. United Heritage Credit Union University Federal Credit Union The University of Texas at Austin Wells Fargo White Construction Company Winstead PC WP Glimcher
30
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Advanced Investors $50,000 to $99,999 ($10,000 minimum/year)
ABC Home & Commercial Services
Howdy Honda
American Bank, NA
Hutto Economic Development Corporation
American Campus Communities
Intertech Flooring
AT&T
JLL
Austin Regional Clinic
Kinnser Software
Bartlett Cocke General Contractors
LegalZoom
Bastrop Economic Development Corporation
Luminex Corporation
Bazaarvoice
Metcalfe Wolff Stuart & Williams, LLP
Berkadia Commercial Mortgage LLC
Moore & Associates, Inc.
Capital One Bank
Munday Enterprises
Capitol Anesthesiology Association
nFusion
Catellus Development Corporation
Pflugerville Community Development Corporation
Cenpatico
PlainsCapital Bank
Charter Communications
Regions Bank
Cirrus Logic
Round Rock Chamber
City of Georgetown- Economic Development Department
Schlosser Development Corporation
Comerica Bank Cypress Semiconductor Deloitte, LLP DLA Piper, LLP (US) First State Bank Central Texas Gemalto Greater San Marcos Partnership GSC Architects HDR Engineering, Inc. HID Global Hilton Austin
Slack & Davis, LLP STG Design, Inc. Swinerton Builders Taylor Economic Development Corporation Terracon Consultants Texas Capital Bank Tokyo Electron US Holdings TRANSWESTERN Vinson & Elkins LLP Workplace Resource Wortham Insurance & Risk Management Zapalac/Reed Construction Company, L.P.
31
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Investors Up to $49,000 ($9,999 maximum/year)
360 Electrical Contractors, Inc.
Bay & Associates, Inc.
9Gauge Partners, LLC
BB&T
A+ Federal Credit Union
Mr. Rudy Belton/Belco Equities, Inc.
Active Power
Benchmark Bank
ADP
Bergelectric Corporation
Airco Mechanical, Ltd.
Berkshire Realty Holdings, LP
Amelia Bullock Realtors, Inc.
Biggs Plumbing and Mechanical Inc.
American Bank of Commerce
Blazier, Christensen, Browder & Virr, P.C.
American Constructors, Inc.
Bonner Carrington LLC
AmeriFirst Insurance Agency, LLC
Borgelt Law
Ameripro Funding, Inc.
The Brandt Companies, LLC
Amplify Federal Credit Union
Bridgepoint Consulting, LLC
anthonyBarnum Public Relations, LLC
Broaddus & Associates
Applied Materials, Inc.
Broadway Bank
Approved By Jake
Buda Economic Development Corporation
ARA, A Newmark Company
Buena Vista Foundation
Ardent Residential
Buffington Homes
Asuragen, Inc.
BuildASign
Austin Business Journal
Burks Digital Reprographics
Austin Convention & Visitors Bureau, Inc.
The Burt Group
Austin Hotel & Lodging Association
CalAtlantic Homes
Austin Ventures
CAM-I
Baker Drywall Austin
Capform, Inc.
Balcones Resources
Capital Pumping, LP
Ball Peoples
Capitol Chevrolet
BancVue
Cappello Capital Corporation
Bank SNB
Cardno Haynes Whaley
Barshop & Oles Company
Carollo Engineers, Inc.
32
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Carr, Riggs & Ingram, LLC
Elizabeth Christian Public Relations, LLC
Catapult Systems, LLC
Ellis & Salazar Garage and Body Shop
Cedar Park Economic Development Corporation
Emerson Process Management
Central National Bank
Enoch Kever, PLLC
Christianson Air Conditioning & Plumbing, LLC
Equitable Commercial Realty (ECR)
City of Kyle
Ernst & Young, LLP
City of Leander
ETS-Lindgren
CLS Partners
Farmers Insurance Group of Companies
Coleman & Associates
First United Bank
Community Impact Newspaper
Flieller, Kruger, Skelton & Plyler, PLLC
Concordia University Texas
Flynn Construction, Inc.
Cathy Coneway, Stanberry & Associates
Focus Strategies Investment Banking
Mr. Jimbo Cotton
Four Seasons Hotel Austin
CTA Architects & Engineers
FourT Realty
Customer Research International
Fox Service Company
CWS Apartment Homes
Mr. Jerry M. Frey
CWS Corporate Housing
Frost Insurance
Danze & Davis Architects, Inc.
Gensler
David Petrick Company, Inc.
Glass & Company, Certified Public Accountants, PC
David Weekley Homes
Google, Inc.
DCA Construction, LP
Gottesman Residential Real Estate
Documation
Grande Communications
Dominion Advisors
Granite Properties of Texas
Don Hewlett Chevrolet Buick Inc.
Gray Engineering, Inc.
Door Number 3
A Greater Austin Development Company, Ltd.
Doucet & Associates
Group Solutions RJW
DuBois Bryant & Campbell
GSD&M
Elgin Economic Development Corporation
Haegelin Construction Company, Ltd.
33
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Hagler & Kerr, LLC
K Friese & Associates
Hahn Public Communications
Karlin Real Estate
Harvey-Cleary Builders
Kennedy Wilson Austin, Inc.
Hawkeye Partners, LP
KEYE-TV Channel 42/CBS
HealthCare Facilities Development Corporation
Kimley-Horn and Associates, Inc.
Heldenfels Enterprises, Inc.
KMD Studley
Higginbotham
Knight Office Solutions of Austin
Highland Resources, Inc.
KPMG LLP
Hill Country Electric Supply
Land Strategies, Inc.
The Historic Norwood Tower
Larry Peel Company
Holtzman Partners, LLP
LASCO Acoustics and Drywall, Inc.
Home Builders Association of Greater Austin
LEDIC Realty Company, LLC
Horizon Bank
Lennar Homes
The HT Group
LNV, Inc.
Hulsey Hunt IP Lawyers
Lockhart Economic Development Corporation (LEDC)
Huston-Tillotson University
Lott Brothers Construction Company, Ltd.
Hyatt Regency Austin
Luther King Capital Management
ICON Plumbing, Heating & Air LTD
The Marek Companies
Imagecraft Exhibits
Marsh & McLennan Agency
Independent Bank
Mathias Partners Commercial Real Estate
Investors Alliance, Inc.
McGarrah Jessee
Ironwood Real Estate
McGuyer Homebuilders, Inc. “MHI”
J.R. Schneider Construction
McKinney Drilling Company
Jack Nash & Wayne Burklund
McLean & Howard, LLP
Jarrell Economic Development Corporation
Meador & Jones
JMEG, LP
Mechanical Reps, Inc.
Jones & Carter, Inc.
Moreland Properties
Journeyman Construction, Inc.
Morrison & Head, LP
34
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Mtech/Comfort Systems USA
SACHEM, Inc.
Northstar Fire Protection
Saunders, Norval, Pargaman & Atkins, LLP
The Nyle Maxwell Family of Dealerships
Seaholm Power, LLC Commercial Developer
O’Connell Robertson
Siemens Industry, Inc.
Oden Hughes, LLC
Silicon Valley Bank
Office Furniture NOW!
SkylesBayne Company
Pape-Dawson Engineers, Inc.
Santa Rita Ranch
Pfluger Associates Architects
Southside Bank
PMB Helin Donovan, LLP
Staats Falkenberg & Partners, Inc.
Post Properties, Inc.
The Steam Team Cleaning and Restoration
Private Label Realty
Stellargy Services, LLC
Prosperity Bank
Steve T. Matthews Company
Protocol & Etiquette Worldwide / Sharon Schweitzer
Stewart Title of Austin, LLC
PulteGroup
Strait Music Company
R & R Limousine & Bus
Studio 8 Architects, Inc.
Realty Austin
Summit Commercial
Reliant Title
TBG Partners, Inc.
Rhode Partners
TDIndustries
Rifeline
Teeple Partners, Inc.
RKB Contractors, Inc.
Terry McDaniel & Company - Investment Counsel
Rockford Business Interiors
Texas Document Solutions, Inc.
Rogers-O’Brien Construction Company
Texas DPS Credit Union
Rollingwood Community Development Corporation
Texas Engineering Solutions
RPS Klotz Associates
Texas Realty Capital, LP
RS&H
Thomas Graphics, Inc.
Ryan Companies US, Inc.
Robert & Amy Thomas
Sabre Commercial, Inc.
Thrive, FP
35
2016 OPPORTUNITY AUSTIN ANNUAL REPORT
ThyssenKrupp Elevators America TIG Real Estate Services Inc. Time Insurance Agency, Inc. Titus Electrical Contracting, LP, a Division of the Titus Industrial Group Tramor Properties Trinity Real Estate Finance TyRex Group, Ltd. United Commercial Realty
Austin is the No. 2 BestPerforming City in annual assessment of Where America’s Jobs are Created & Sustained. Milken Institute
Urbanspace Real Estate + Interiors vcfo, Inc. Walmart Walters Southwest Watkins Insurance Group
Austin is America’s Fastest-Growing City. Forbes
Wattinger Company, Inc. Weaver Wes Peoples Homes Westlake Chamber of Commerce Yellow Cab Austin
As of December 1, 2016.
Austin is America’s Best Place to Start a Business. CNBC
Austin is No. 2 on global ranking of the Top cities to Live & Work in Tech. Fast Company
OPPORTUNITY AUSTIN 535 East 5TH St. | Austin, TX 78701