Having the reputation of a must-go destination for those who are certain to launch a new business in the IT sector, the city of Austin has been the nation’s fastest growing dream locations for tech startups for several consecutive years. As of now, Austin is home to more than 147 companies securing almost $1 billion in funding just in 2015. Along with fresh entrepreneurs, giants like Amazon, Google, and Facebook have also opened offices in town. Having a vision of upscale, ecologically-minded, yet affordable, homes for the burgeoning new professional class, Marcus Hiles and his company, Western Rim Property Services have built more than 15,000 residential units throughout Texas.
“It’s really an ideal combination of factors behind the tech boom,” said Marcus Hiles. “Texas, of course, is a very business friendly state with zero personal income and corporate taxes. Besides economic incentives, Austin is also renowned for its culture and art, relaxed healthy lifestyle and great weather. Additionally, the University of Texas at Austin brings in many talented young people from all over the world who make the city their home.” Austin is overall proving to be a city of innovators and risk-takers. According to the data released by the Ewing Marion Kauffman Foundation, roughly 555 out of every 100,000 adults in the Austin region became entrepreneurs in any given month during the past five years, on average.