Full Citation
Title: Preliminary Assessment of the Factors That Led Austin to Become a High-Tech Entrepreneurial City
Citation Type: Miscellaneous
Publication Year: 2016
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Abstract: The Austin–Round Rock metropolitan area2 was ranked first in 2015 and second in 2014 by the Kauffman Foundation for startup density among the largest U.S. metropolitan areas. Austin also ranks among the top high-tech city-regions in the United States as evidenced by several indicators. The growth of the technology economy in Austin has been extensively studied. In contrast, there is little scientific documentation of the factors that led Austin to become a vibrant entrepreneurial city. The main objective of this report is to fill this void by presenting reliable data on longitudinal entrepreneurial activity in the city and advancing some hypotheses on the factors that explain the accelerated growth of locally founded startups since 1990. This task is accomplished in several sections. Section one summarizes key events and the institutional development and interventions facilitating Austin’s transition from an economy based in two primary sectors—the University of Texas at Austin and state government—to a high-tech center. Section two describes Austin’s increasing high-tech specialization in four information and communications technologies (ICT) sectors and the benefits of spatial co-agglomeration. Section three uses full-time employment data to document Austin’s economic transition to a technology center and the increasing diversification of the ICT sector. Section four shows data on local . . .
Url: http://ic2.utexas.edu/ic2-prod/wp-content/uploads/echeverri-2016-austin-factors.pdf
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Authors: Echeverri-Carroll, Elsie; Oden, Michael
Publisher: University of Texas at Austin
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Other
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