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Executive Summary
Round Rock, Texas, a northern suburb of Austin, has been recorded as the second-fastest growing city in America, with a population exceeding 100,000. With an estimated $1.3 billion in economic impact from developments completed between 2011 and 2014, it is clear that Round Rock is an attractive and prosperous city. As the site of Dell’s world headquarters, Round Rock is recognized as a driving force for economic development in Central Texas and frequently appears on lists of the best cities in the United States.
GDP Growth: Austin's GDP grew by 46 percent from 2018 to 2022, including a 7.4 percent increase in 2022 compared to the previous year.
Median Earnings: Median earnings for Austin residents increased by 32 percent from 2018 to 2022. The expansion and relocation of global companies, such as Tesla and Samsung, have contributed to Austin's economic boom. Austin's central location in Texas provides access to major roadways and the Austin-Bergstrom International Airport.
The city’s vibrant and educated workforce attracts employers and creates new growth opportunities, and the state’s pro-business climate provides a strong runway for economic growth. Austin's thriving economy has earned the city an impressive ranking of No. 5 on a new list analyzing the best U.S. cities for economic growth. A staggering 465 headquarters have moved out of California since 2018, with Texas welcoming the most—209 relocations


