Austin Chamber of Commerce

12•07 State of the Economy

• Opportunity Austin •

As presented to the

Keller Williams Agent Leadership Council

Opportunity Austin

• February 2003—Opportunity Austin is created

• March 2003—Chamber commissions Market Street Services to evaluate Austin’s business climate and create an economic development strategy

• April-July 2003—Strategy development

• August 2003—Program review and budget creation

• September 2003—Official rollout of Opportunity Austin’s 5-year economic development “roadmap.”

Opportunity Austin—A 5-year, 5-county economic development initiative aimed at creating 72,000 jobs

Opportunity Austin

Strategy

• Capitalize on existing strengths

• Recruit & target diverse sectors

• Stimulate entrepreneurship & new enterprises

• Market Austin effectively

• Improve regional competitiveness

5-Year Goal

• Creation of 72,000 jobs and $2.9 billion in aggregate increase in payroll

Opportunity Austin

Capitalize on existing strengths

• Locally headquartered companies

• Computer software

• Digital media

• Wireless

• Semiconductors

• Tourism

Opportunity Austin

Recruit & target diverse sectors

• Automotive

• Medical products

• Regional offices & headquarters

• Transportation & logistics

Opportunity Austin

Stimulate entrepreneurship & new enterprises

• R&D & technology commercialization

• “Next Wave” sectors: nanotech, biotech, clean energy

• Export assistance

Opportunity Austin

Market Austin effectively

• Identity building

• Getting the word out that Austin is “in the game”

• Chamber positioning

Opportunity Austin

Improve our regional competitiveness

• Workforce quality

• Transportation system & infrastructure

• Permitting & regulatory climate

2006 Corporate LocationsAustinAMI Semiconductor

ANACS

Aruna Solutions

Asuragen

Austin Exploration

Aztek Systems

BazaarVoice

BioWare Corp.

CompassLearning

Compeat Restaurant Mgt Systems

Connecticut School of Broadcasting

CSIdentity

Dechert

Dimensional Fund Advisors

Exagen Diagnostics

Hewlett-Packard

IBM Corp.

Intelligentz Corp.

Medical Present Value

MJC Electronics Corp.

Mobile Evolution

Parrot

PRC

Rackspace Managed Hosting

ReachForce

Replicon

Reznik Group

Rimini Street

Samsung Austin Semiconductor

SolarWinds

The Onion

BastropBargas Medical Devices

ElginAccurate Elastomer Products

GeorgetownCesco Magnetics

Round RockTECO-Westinghouse

San MarcosMAxIMuS

2006 Corporate ExpansionsCity of Austin

21st Century Financial Ser.Advanced Micro DevicesAmerican Power ConversionAnyWareArthroCareBioWareBuildForgeBury+PartnersCalplyCirrus LogicColonial BankConseroConvioDelle-MDsEnterprise Rent-a-CarETIFarmers InsuranceFineToothFreescale Semiconductor

Gerson Lehrman Group

Grainger

Gunze Electronics USA

Hewlett-Packard

IBM

Integral Wave Technologies

Intel

Intrinsity

Jam Technologies

Kershner Trading Group

Kodiak Assembly Solutions

MessageOne

Motorola

Movero Technology

National Transcript Center

NetEffect

NetSpend

Newisys

Newmarket IT

nFusion Group

Old Dominion Freight Line

Pervasive

Progressive

PulseWave RF

Qualcomm

ReachForce

Samsung

SensorTran

Seton

Springbox

Tocquigny Advertising

Trillion Partners

University of Phoenix

Uplogix

Vcfo

Voxpath Networks

2006 Corporate ExpansionsBeyond Austin

BastropCoghlan Group

Cedar ParkETS Lindgren

KyleRSI

LockhartSerta Mattress

LulingSecurity Cameras Direct

Round RockCerilliantCo Com Cabling SystemsLone Star Circle of Care

San MarcosGrande CommunicationsHADCO

TaylorBurrows Manufacturing

Opportunity AustinGoals & Measurements

2006 Results 2004-2006 5-Year Goal

GOALS

Net increase in

non-farm employment33,100 80,900 72,000

Net increase in payroll* $1.4 billion $3.5 billion $2.9 billion

MEASUREMENTS

Corporate locations 36 93 100

Out of region visits 124 432 500

Prospect visits to Central Texas 133 275 250

Serious relocation inquiries 979 2,763 5,000

Regional retention visits 141 316 475

*Calculated based on TWC’s 3rd quarter average weekly wage for Austin MSA.

July 2007Year-to-

DateAnnual Goal

Campaign-to-Date

5-Year Goal

Out of region company visits 17 75 100 495 500

Serious relocation inquiries 111 715 1,000

3,417

5,000

Prospect visits to Austin 7 71 50 343 250

Corporate announcements/ relocations

2 19 20 111 100

Regional retention visits 19 96 100 412 475

Prospect Activity July 2007