Sept. 20, 2022

How Resilient is Austin to an Economic Downturn with Roland Pena, SVP of Global Technology and Innovation from the Greater Austin Chamber of Commerce

The US and perhaps the world’s economies seem to be headed for a rough patch. Given the growth of the Austin/Central Texas area over the past couple of years, the question is how resilient is the Austin economy, and are we ready for what comes next? Today, we’re joined by Roland Pena, Senior VP Global Technology & Innovation with Opportunity Austin at the Austin Chamber of Commerce and we dive into the data to see how Austin might respond to this downturn.

A resilient ecosystem is What's Next Austin?

Podcast Production Services by EveryWord Media

Our music is “Tech Talk” by Kevin MacLeod. Licensed under Creative Commons 4.0 License


Episode Highlights

  • Austin made up all of the 2020s pandemic job loses by May 2021 and ranks #1 for job growth since February 2020
  • Opportunity Austin, is the regional development initiative here, and came about following the dot com bust, when we lost 45,000 jobs
  • There are currently 267 active relocation/expansion projects looking at to make a decision on Austin within the 6 to 18 months. They range from manufacturing, cleantech, automotive, semiconductor, software, life science, food and beverage, defense, data centers, and more
  • Austin is truly emerging as a global city has hosted 43 international delegations so far this year to learn more about what we are doing and how we are growing
  • What’s for Next Austin, “ Watch, for more passion and watch for extensiveness because you can't measure extensiveness and that's what you need to see and look out for in the next Austin.”

 

Episode Links

 

Austin Next Links

 

Podcast Production Services by EveryWord Media

Our music is “Tech Talk” by Kevin MacLeod. Licensed under Creative Commons 4.0 License