Economic Impact SummaryMay 8, 2013
Methodology2 Technology sector definition from TechAmericaFoundation’s annual Cyberstates report 52 industries—manufactu...
Overview (2012)3Austin Tech ShareGRP $97 billion $21 billion 21%Employment 1,142,396 105,667 9%Establishments 44,623 3,787...
Austin’s Economic DriversEstimated Value Added , 2012 ($B)4Source: Civic Analytics LLC, EMSI$1.41$1.47$1.50$1.62$1.63$1.82...
Silicon Hills: Rebranding Time?Share of Total Employment in Tech Sector (2012)516%20%40%24%44%56%0%10%20%30%40%50%60%70%Ma...
Jobs: Software/Systems Design Driving GrowthChange in Total Employment, 2001-20126Source: Civic Analytics LLC, EMSI7,7375,...
Key Takeaways7 Austin is maintaining competitive advantage intraditional strengths and developing new areasof specializat...
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Economic Impact of Austin's Technology Sector

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Brian Kelsey's presentation at the Austin Technology Council's CEO Summit held on May 8, 2013

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Economic Impact of Austin's Technology Sector

  1. 1. Economic Impact SummaryMay 8, 2013
  2. 2. Methodology2 Technology sector definition from TechAmericaFoundation’s annual Cyberstates report 52 industries—manufacturing, communications,software, engineering & tech services (R&D) Adapted for Austin by including Computer andComputer Peripheral Equipment and SoftwareMerchant Wholesalers (Dell, IBM, etc.)
  3. 3. Overview (2012)3Austin Tech ShareGRP $97 billion $21 billion 21%Employment 1,142,396 105,667 9%Establishments 44,623 3,787 9%Source: Civic Analytics LLC, EMSITech Jobs Multiplier: 3.5
  4. 4. Austin’s Economic DriversEstimated Value Added , 2012 ($B)4Source: Civic Analytics LLC, EMSI$1.41$1.47$1.50$1.62$1.63$1.82$2.68$2.81$2.93$4.88$0 $1 $2 $3 $4 $5 $6Lessors of Residential PropertiesOffices of LawyersGeneral Medical & Surgical HospitalsOffices of PhysiciansCustom Computer ProgrammingEngineering ServicesCrude Petroleum & Natural Gas ExtractionSemiconductor & Related Device ManufElectronic Computer ManufacturingCPE & Software Merchant WholesalersTech
  5. 5. Silicon Hills: Rebranding Time?Share of Total Employment in Tech Sector (2012)516%20%40%24%44%56%0%10%20%30%40%50%60%70%ManufacturingDell categoryServicesSource: Civic Analytics LLC, EMSI
  6. 6. Jobs: Software/Systems Design Driving GrowthChange in Total Employment, 2001-20126Source: Civic Analytics LLC, EMSI7,7375,1954,253767-1,981-2,322-6,615-7,867-10,000-8,000-6,000-4,000-2,00002,0004,0006,0008,00010,000ComputerSystems DesignEngineeringServicesCPE & SoftwareWholesalersMeasuring &ControlInstrumentsCommunicationsEquipmentElectronicComponentsComputer &PeripheralEquipmentSemiconductorsManufacturingServices
  7. 7. Key Takeaways7 Austin is maintaining competitive advantage intraditional strengths and developing new areasof specialization that will drive future growth Austin economy has diversified but tech is stillfuel for wealth creation—e.g., annual earningsestimated to be > 4x City of Austin budget Talent availability is biggest challenge—Austinexpected to have 2,400 openings for softwaredevelopers 2012-17 and < 25% could be filledwith regional graduates at current rateSource: Civic Analytics LLC, EMSI, National Center for Education Statistics

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