It's a great long term trend for Austin, Tx!
It's a great long term trend for Austin. Knowledge workers will increasingly play a strong role in the economic health of a community. Startups and company growth depend on having a well educated work force and Austin is well positioned with 120,000 students enrolled in some type of upper education program. That number grows to 300,000 when you look at a 200 mile radius – all of whom would probably choose to live in Austin given the opportunity!
Remember, I'm never too busy for your referrals of contracts!
Allison
Wednesday, September 30, 2009, 1:33pm CDT
Austin cited as one of the next youth-magnet cities
Austin Business Journal
What do Washington D.C., Seattle, New York, Portland and Austin all have in common? They are the five cities that top a new Wall Street Journal poll on where young people are likely to flock once economic recovery takes hold.
The Journal polled a panel of experts, from demographers to economists, on where young college graduates are likely to congregate in coming years. Austin ranked fifth on the list with the lowest unemployment rate of the five cities and a relatively high median household income. The Capital of Texas didn't fare quite so well as the others on the education front, with 41.8 percent of 25-35 year olds holding a bachelors degree or higher compared with 61.3 percent in Washington and 64.2 percent in Seattle.
According to the Journal, 'Austin has become a gathering place for tech- and arts-conscious young adults.' The paper also lauded Austin for its cultural attractions like the Austin City Limits Music Festival and South by Southwest. But some of those polled by the Journal expressed concern over how strongly Austin will bounce back from the recession.
The top 10 post-recession boom towns for the young and ambitious:
1. (tie) Washington D.C.
1. Seattle
3. New York
4. Portland
5. Austin
6. San Jose, Calif.
7. Denver
8. Raleigh-Durham, N.C.
9. Dallas
10. Chicago
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