Jobs created through corporate relocations and expansions reaches

[Neil Narayan]

A record-breaking number of new jobs attributable to corporate relocations and expansions have been announced in Austin this year, even during the Covid-19 pandemic.

That's according to a tally from Opportunity Austin — the economic development initiative of the Greater Austin Chamber of Commerce — indicating 35 companies have announced in 2020 plans to create roughly 9,790 jobs across the metro. That tops the 2018 record of 9,424 jobs announced by 46 companies, according to Opportunity Austin, which has been tracking job creation since it launched in 2004. The jobs are largely from companies new to the area, though a few already had a presence in Austin but are launching new operations.

Fast-growing Austin has been on the radar of many C-suite executives for several years, with its growing tech and manufacturing sectors, and it doesn't appear the pandemic has put a halt on economic development. In fact, the health crisis may have accelerated the trend, with many companies and professionals seeking lower-cost locales now that they're suddenly free to work remotely.

https://www.bizjournals.com/au...