Austin ranked No. 6 in US for major capital projects
A March ranking by Site Selection magazine showed the Austin metro ranked sixth last year in the nation for total active capital projects with 84. That tied the Phoenix metro in Arizona. Ahead of Austin and Phoenix were Chicago (327), Dallas-Fort Worth (262), the Houston area (213), Atlanta (206) and Indianapolis (94).
But when it came to pound-for-pound rankings, the Austin metro came in second with 43.2 projects per capita last year.
In Site Selection's state rankings by number of projects underway in 2020, Texas easily beat out its competitors with 781 total projects. For reference, Ohio came in second with 419 projects underway. Texas has held the top spot on Site Selection's annual rankings for nine years in a row.
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@Neil Narayan
If all quoted capital projects are private sector, it may have more meaning and benefit to residential real estate investors looking to be in a steadily growing market, but if there is a large portion of public works projects in this mix it could simply mean that’s where your high property and sales tax dollars are going towards. Either way these projects, whether private or public, do promote job creation and job growth.