All Forum Posts by: Neil Narayan

Top metros for job growth

A review of the latest Bureau of Labor Statistics data shows only 12 of 389 metro areas posted a decline in job growth between May 2021 and May 2022.

The average metro recorded a 3% increase, and 38 metros had year-over-year job growth of at least 5%.

Illustrating the tourism industry’s continued recovery from the pandemic, Orlando, Las Vegas and Atlantic City, New Jersey, ranked among the top five metros for job growth.

Best states for job growth

All 50 states and Washington, D.C., experienced year-over-year job growth of at least 1%.

The Sun Belt once again led the way, with Nevada, Texas and Florida topping the list for percentage growth

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

They are still hiring based on the job postings listed online. 

Less than a year after Tesla opened its factory just outside Austin, the maker of electric vehicles is already plotting an expansion.

A permit application filed June 29 with the City of Austin and approved July 1 shows Austin-based Tesla plans to build a two-floor, 500,000-square-foot space to enlarge its General Assembly 2 and General Assembly 3 operations. Currently, Tesla produces Model Y vehicles at the 2,500-acre site, which is along State Highway 130 near State Highway 71 East.

The 500,000-square-foot expansion, first reported by Tesla watcher Sawyer Merritt, would grow the size of the factory by more than 11 percent.

https://austin.culturemap.com/...

Construction work is underway on one of the Austin area's largest projects: Samsung Electronic Co. Ltd.'s $17 billion next generation chipmaking facility in Taylor.

Drone photos taken by the Austin Business Journal in late June show initial site work being done at the roughly 1,200-acre site for the project in Taylor, about 40 miles northeast of Austin. The facility is rising near the former intersection of County Roads 401 and 404 and is expected to be 6 million square feet when completed.

The start of construction marks a major milestone for the project, which is expected to have ripple effects across the whole region.

A handful of Samsung suppliers have revealed potential projects in the region. Applied Materials Inc. (Nasdaq: AMAT), which supplies almost every major semiconductor company in the world with equipment and software, is eyeing a massive project in Hutto that could create 500 jobs and result in $2 billion in capital investment. United Kingdom-based Linde PLC (Nasdaq: LIN), the largest industrial gas company in the world, is looking to build on the Samsung campus in Taylor in an investment that could top $300 million. Valex Corp., which makes ultra-high purity process components used in semiconductor production, is opening a facility in Round Rock. Toppan Photomasks Inc. recently had an application for school district incentives denied in Round Rock, but is still eyeing expansion in the city, which is just down the road from Taylor.

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

Texas now leads the nation in the number of Fortune 500 companies that are headquartered in the state, it was revealed this week. As many as 53 highly profitable businesses—from Exxon Mobil to AT&T to the recently relocated Tesla and Hewlett Packard Enterprise—choose to hang their hat in the Lone Star State, beating New York and California.

This is no accident. As I like to say, money flows where it’s respected most. If that’s true, then we should continue to see Texas, which has among the most business-friendly policies in the U.S., take additional market share of corporate headquarters away from other states.

That’s precisely what it’s been doing in recent years, of course. In 2021, some 62 companies relocated their HQs to Texas from 17 states and three countries, according to the just-released Relo Tracker Report. California was the origin state to 25 of those companies, more than any other state, with Tesla being the biggest and most noteworthy.

https://www.forbes.com/sites/g...

78641 in Leander landed at No. 6 among the country’s 20 hottest ZIP codes for homebuyers.


According to the U.S. Census Bureau, Leander ranked second for population growth from July 2020 to July 2021 in cities with at least 50,000 residents. The Austin suburb saw its population grow by 10.1 percent during the one-year period, winding up at 67,124.

In all, 10 ZIP codes in Texas appear in the ranking. Aside from 78641 in Leander, they are:

• 78130 ZIP code in New Braunfels lands at No. 4
• 77494 ZIP code in Katy (Houston) lands at No. 7.
• 75126 ZIP code in Forney (Dallas-Fort Worth) lands at No. 8.
• 77493 ZIP code in Katy (Houston) lands at No. 9.
• 77433 ZIP code in Cypress (Houston) lands at No. 10.
• 78253 ZIP code in San Antonio lands at No. 11.
• 76227 ZIP code in Aubrey (Dallas-Fort Worth) lands at No. 15.
• 78245 ZIP code in San Antonio lands at No. 16.
• 78254 ZIP code in San Antonio lands at No. 18.

https://austin.culturemap.com/...

SpaceX recently received permits from Texas Commission on Environmental Quality. Known as “Project Echo” the construction of the warehouse will be in Bastro County, Central Texas. This is the same location where Elon Musk’s other companies including The Boring Company and Neuralink are also having a presence.

SpaceX acquired 46.5 acres of land along with a permit to construct warehouse at 816 FM 1209 in Bastrop. Construction expected to complete by March 2023

https://techstory.in/spacex-ge... 

Fueled by growing corporate behemoths such as Samsung, Amazon, Texas Instruments and Intel, the Lone Star State has now been recognized for an entire decade of economic development wins by a respected publication on the topic.

Site Selection magazine awarded Texas the 2021 Governor's Cup on March 1 for having the most capital investment projects in the United States. The state had roughly 1,123 projects underway in 2021, according to Site Selection's annual rankings, which is 342 more projects than the year prior. 

Texas' project count was more than double the 507 projects counted in No. 2 Ohio and 480 counted in No. 3 Illinois last year, according to the magazine

It marked 10 straight years of Texas' reign atop the cup standings, representing the immense corporate wealth being poured into the state and reflecting its rising status as both a population and business powerhouse.

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

Astin’s job market continues to be on a roll. For the third consecutive year, a study by The Wall Street Journal and Moody’s Analytics crowns Austin the country’s hottest job market among major metro areas.

In ranking the 55 metros with at least 1 million residents, the study looked at five attributes: job growth, unemployment rate, share of adults working or looking for work, change in the size of the workforce, and change in average weekly wages. Austin ranked first for job growth and share of adults working or looking for work, third for change in the size of the workforce, fourth for change in average weekly wages, and 17th for unemployment rate.

A ranking published in January by WalletHub, a personal finance website, put Austin at No. 5 among the best cities for jobs in 2022. A

According to the Greater Austin Chamber of Commerce, Austin ranked as the best-performing job market among the 50 biggest metro areas from February 2020 to March 2022.

https://www.wsj.com/articles/c...

I typically provide refrigerator but not washer and dryer. The tenant can rent them from a 3rd party company easily