Five County Initiative for Job Creation in Central Texas
Opportunity Austin was a five-year, five-county economic development initiative aimed at fostering job-creating investment in Central Texas. Launched in 2004, this regional strategy aimed to create 72,000 regional jobs and increase regional payroll by $2.9 billion. To implement the strategy, the regional business community committed to invest $14.4 million.
Opportunity Austin has registered solid success. Regional employment growth has surpassed even the most optimistic scenarios. Since 2004, an estimated 168,500 new jobs have been added to Austin's regional economy. Regional payroll increased by $8.46 billion (as of December 12, 2012). Per capita income and average annual wages also increased.
To learn more about Opportunity Austin, contact Mike Rollins, President, Greater Austin Chamber of Commerce, at 512.322.5615 or Dave Porter, Senior Vice President, Economic Development, at 512.322.5650
Opportunity Austin 3.0
The Greater Austin Chamber unveiled the next 5 year phase of its Opportunity Austin strategy, 2014-2018. Business and community leaders joined the Chamber and its regional partners as it announced the new program of work and the funding campaign to support it on December 12, 2012
Opportunity Austin 3.0 will focus on initiatives for the economy, talent, and place. Top priorities include boosting economic diversification to proactively strengthen the economy, deepening the talent pool through development and attraction, and keeping the Greater Austin region attractive to entrepreneurs, business leaders and site selectors through expanded advocacy on issues such as a comprehensive regional transportation system and regional collaboration.
Opportunity Austin 3.0 is targeting over eight key industries for future economic development, including: Clean Technology, Data Centers, Digital Media, HQ/Regional Office, Medical Device/Biosciences, Semiconductor, Software, Wireless, and other IT. The goal of Opportunity Austin 3.0 is to work toward measureable and impactful goals through a set of metrics which include Total Private Employment, Average Annual Wages, Per Capita Income, Poverty Rate, Child Poverty Rate, Educational Attainment (BA or higher), Commuters Who Drive Alone, and Congestion Index.
The Chamber and its regional partners will continue to execute on the existing Opportunity Austin plan through 2013.
Opportunity Austin 2.0
The most competitive communities are those with a steadfast commitment to improving their work force, quality of life and business climate through aggressive, proactive programming. The professional staff at the Austin Chamber of Commerce knows that boosting the greater Austin economy is our number one priority and our Opportunity Austin 2.0 action plan works aggressively to ensure the economic prosperity for Central Texas through job growth and creation.
Working with Market Street, an independent firm focusing solely on community and economic development issues, we are specifically targeting five industries for growth: convergence technologies, creative media, green industries, corporate/professional headquarters/offices, healthcare and life sciences.
Among the target-related infrastructure developments we are actively supporting: prioritizing the funding, development and construction of a top-tier medical school in Austin and securing the development of the TxAN research lab in Central Texas.