It's no surprise that Austin is a booming city for young entrepreneurs, new firms and new jobs. With the massive increase in popularity for Austin's annual attraction, SXSW, more companies have noticed the superb conditions for raising a startup in the city. Austin has grown in every way over the last ten years with an annual increase of population growth at 3%, job growth at 3%, and an ever expanding economy. It is continually ranked on Forbes' America's Fastest Growing Cities list.
Austin's big name high-tech firms such as Apple, Google, Facebook, eBay, Cisco and HP have made the area an international hub of innovation. Paired with a low cost of living and an all around "cool" vibe, Austin is a fantastic city for young entrepreneurs.