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Month Yar | | Austin Wind Energy Economy Robust
The Chamber
August 2010
Texas has the largest wind industry in the country with over 10 gigawatts of wind energy installed. "Austin's wind energy economy is particularly robust," said Jose Beceiro, the Austin Chamber's Economic Development Director of Clean Energy.
More than 20 companies comprise the wind energy industry in Austin, focusing on wind farm project development, wind turbine manufacturing, transmission line infrastructure, and wind energy R&D. Austin Energy draws 12% of its energy needs from wind power and beta-tests micro-wind turbines on city buildings. UT Austin's Center for Electromechanics allocates significant resources to cutting edge wind energy research. TECO-Westinghouse manufactures utility scale wind turbines at their facility in Round Rock.
The U.S. was one of the fastest-growing wind power markets in the world in 2009, second only to China, according to a report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory. |
Best Cities To Find a Job
By Jenna Goudreau
Forbes
August 20, 2010
Jobless claims are again on the rise, returning last week to levels not seen since November 2009. Meanwhile, the national unemployment rate remains at a historically high 9.5%, and analysts foresee more layoffs as the economic recovery stalls. Many job seekers are desperate for the secret to beating out competition and landing those now-rare positions. The answer may be as simple as the old saying: location, location, location.
Job-search site Juju.com compiled a ranking of the best cities in the U.S. to find a job. The researchers compared the number of job seekers in each of the largest 50 cities in the country, provided by the Bureau of Labor Statistics (BLS), with the number of job openings per city from its comprehensive database. The result? A pocket guide to an increasingly complicated market.
Read More: http://www.forbes.com/2010/08/20/best-cities-to-find-a-job-washington-dc-forbes-woman-leadership-employment.html?partner=email |
Austin Austin's Office Net Absorption is Positive in Q2
Net absorption for the overall Austin office market was positive 583,980 square feet in the second quarter 2010. That compares to negative (182,113) square feet in the first quarter 2010, negative (154,476) square feet in the fourth quarter 2009, and positive 628,586 square feet in the third quarter 2009.
Tenants moving out of large blocks of space in 2010 include: Tipping Point Technologies Inc. moving out of 43,959 square feet at Reserve at Bull Creek - Building C; Tipping Point Technologies Inc. moving out of 43,713 square feet at Reserve at Bull Creek - Building B; and Alliance Tech, Inc. moving out of 40,806 square feet at Bridgepoint Square 5.
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Dotzour Delivers Mid-Year Economic Forecast August 2010
Dr. Mark Dotzour, the Chief Economist for the Real Estate Center at Texas A&M, was in Austin on Tuesday, August 24, 2010 to address RECA at its 10th annual Mid-Year Economic Forecast. Dotzour told the sold out crowd that the U.S. economy would begin to produce jobs in the next 12 months and that Austin would outperform the nation in job growth. Currently, Austin's job rate growth is 2.3 percent. Dr. Dotzour forecasted Austin job growth to be three percent in the next 12 months. He also forecasted that the Austin population will grow two percent in the next 12 months. Dr. Dotzour also made the following predictions for the retail, office, multi-family, and industrial real estate markets in Austin:
Read More: http://www.recaonline.com/events/EconForecastsDotzour/2010/2010DotzourPresentation.ppt |
13 Austin Companies make Inc. 500 List
Austin Business Journal
August 24, 2010
Thirteen Austin companies were recognized on Inc. magazine's fastest-growing list. The publication's 29th annual Inc. 500 list ranks businesses with the highest percentage revenue growth across three years. Dallas-based energy reseller Ambit Energy took the crown this year, reporting $325 million in revenue last year representing 20,369 percent growth. It was the only Texas company in the top 10. The magazine said this year's class is smaller in total revenue, but faster in overall growth. Median three-year growth was 1,231 percent, substantially up from last year's 880.5 percent. Advertising and marketing companies were the most well represented on the 2010 ranking, though computer hardware companies were faster growing.
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Austin Among Top Cities for Young Adults
Austin Business Journal
July 30, 2010
Austin was picked as one of 10 cities best suited for young adults, according to Kiplinger.com.
The business forecast and finance publisher chose 10 U.S. cities with higher-than-normal, youth-friendly factors such as low cost of living, rich culture and an active nightlife. Statistics such as percent of people younger 35 were also considered on list.
Austin was picked for having one of the highest percentages of Generation Y residents in the U.S., about 30 percent of Austinites. The city has the fourth-lowest jobless rate (7.4 percent in June) among metros with more than one million people and cost of living is below the norm, according to Kiplinger's. Austin is home to eight colleges and universities and hosts two huge music festivals - South-by-Southwest and Austin City Limits. Read More: http://austin.bizjournals.com/austin/stories/2010/07/26/daily52.html#ixzz0xAFt3hto |
The Changing Face of Texas
By Gary Maler and Harold D. Hunt, Tierra Grande
July 2010
Forty years ago, the population of Texas was largely rural and white. Forty years from now, it will be largely urban and Hispanic. The state's demographics will shiftdramatically during the next several decades. The face of Texas will change. And with change comes oppurtunity. Where will future Texas residents come from? Where will they want to live and why? How will this affect residential real estate markets?
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