- Austin, Texas has experienced strong job growth over the past several years, with 44 consecutive months of total nonfarm job growth of 4.0% or better annually. The unemployment rate in Austin is currently the lowest it's been since the late 1990s. - Austin has gained many high-earning residents in recent years, with 39,197 new residents holding graduate degrees between 2006-2014. The city has also seen a 41% growth in households earning over $150,000 annually. - While Austin sees significant startup activity, businesses owned by women, Hispanics, Blacks tend to be smaller and earn less on average compared to those owned by

1. State of Small Business in Austin, Texas
Small Business Festival | 05/02/16

2. 2
Economic Summary
Source: US Bureau of Labor Statistics, State and Area Employment, Hours, and Earnings, Series ID SMS48124200000000001, Seasonally Adjusted, and Local Area Unemployment Statistics,
Series ID LAUCT480500000000003 and LAUMT481242000000003, Not Seasonally Adjusted. Data extracted on: Apr 26, 2016 (11:32:54 PM). See ATC website for tech methodology.
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
May-00
Mar-91
Dec-01
Mar-07
Sept-09
Mar-16
Total Nonfarm Job Growth, 12-Month % Change
Austin-Round Rock, TX MSA
March ’16 – 44 consecutive
months of total nonfarm job
growth of 4.0% or better on
12-month % change basis.
Unemployment rate in Austin
city (2.7%) and region (3.1%)
is lowest since late ‘99-early
‘00 before dot-com bust.
28% job growth in tech sector
during 2010-15, #2 among all
regions with 50,000 or more
tech employees (EMSI).
Employment in mobile/SaaS
approximately doubled.

3. 3
Source: Mike Maciag, Governing, The Counties Where Wealthier People Are Moving. Data in text box is from U.S. Census Bureau, 2014 American Community Survey, 1-Year Estimates.
The Human Capital
For every 4 people age 25+ that Austin (city) gained 2006-
2014, 1 of them had graduate degree – +39,197 graduate
degree holders with median earnings of $63,089 per year.
Austin (city) gained 13,770 households earning at least
$150,000/year 2006-2014 – 41% growth rate placing ATX
among national outliers like Washington DC (40%).

4. $40,434
$49,554
$59,739
$95,598
No HS Diploma
HS Diploma
Some College/Associate Degree
Bachelor's+
4
Economic Segregation
Average Annual Earnings and Maximum Affordable Monthly Housing Costs in Travis County
for Workers Age 25+ by Educational Attainment and Race/Ethnicity (2014)
Source: US Census Bureau, Quarterly Workforce Indicators. Average earnings include gross wages and salaries, bonuses, stock options, tips, and other gratuities, and the value of meals and lodging (no benefits); sometimes
referred to as unemployment insurance (UI) wages. Percentages are averages of quarterly data for 2014. Race categories (Asian, White, Black) are Race Alone and Hispanic/Latino is Any Race. Affordability is ≤ 30% income.
48% of Travis County residents age 25-64 do not have a completed postsecondary degree (2014 ACS, 1-Yr Estimates).
$40,020
$42,045
$62,079
$77,538
Black
Hispanic/Latino
White
Asian
$1,552
$1,051
$1,001
$1,938
$1,493
$1,239
$1,011
$2,390

5. 5
Source: Kauffman Foundation, Kauffman Index, Metropolitan Area Rankings for Startup Activity.

6. 6
Source: Kauffman Foundation, Kauffman Index, Metropolitan Area Rankings for Startup Activity.

7. 7
Source: Kauffman Foundation, Kauffman Index, Metropolitan Area Rankings for Startup Activity.
1. Miami 8.69%
2. Nashville 8.12%
3. Portland 8.02%
4. Austin 7.97%
5. LA 7.76%

8. 8
Source: Kauffman Foundation, Kauffman Index, Entrepreneurial Demographics, Austin-Round Rock MSA Profile.
Austin is top 5 in:
Female Biz Owners (#4)
Age 20-34 Biz Owners (#3)
Age 55-64 Biz Owners (#2)

9. 9
Small Business Development – An Equity Strategy?
Plenty of people starting businesses in
Austin, but not growing—by choice or
struggling to overcome barriers?
Source: US Census Bureau, 2012 Survey of Business Owners, Table SB1200CSA01. Release Date : 12/15/2015. Accessed: 04/27/2016.
*Includes all firms classifiable by gender, ethnicity, race, and veteran status and not total universe of firms (e.g., no publicly held firms).
Ownership Average Sales With Employees Average Pay
Asian $398,063 29% $35,171
Male $673,168 23% $44,219
White $501,880 20% $42,141
Female $150,694 12% $31,600
Hispanic $103,386 8% $34,105
Black $111,324 7% $25,813
All Firms* $456,346 19% $41,441
Characteristics of Business Owners in Austin (city), 2012

10. 4101 Medical Parkway
Suite 116
Austin, TX 78756
civicanalytics.com
Brian Kelsey, Principal
brian@civicanalytics.com