Opportunity Austin 2020 | ANNUAL REPORT
1 Table of Contents
Economy
5 – 2020 Scorecard
8 – Relocations
10 – Expansions & Relocations
13 – Global Technology & Innovation
14 – ConnectFirst
Talent
16 – Education & Talent
Place
19 – Transportation
20 – Local Advocacy
21 – State & Federal Advocacy
OA 4.0
23 – Financials
24 – Regional Partners
28 – 2020 GAEDC Board of Directors
30 – Investors
For more information:
opportunityaustin.com Message to Investors
Without question, the 2020 calendar year was dominated by the pandemic and the numerous challenges associated with the disease. As we reflect on the past year, we recognize that many individuals and businesses are struggling to start anew in 2021. That said, it is a fact that the Austin region fared better than most in the country and we are poised to lead the nation in recovery during 2021. Central Texans owe a debt of gratitude to those who invest in Opportunity Austin 4.0.
Established in 2004, OA is now in the middle of its fourth five-year program of economic growth goals and objectives. As a result of your investment and personal involvement, we have much good news to share and to celebrate:
#1 year in OA history for combined total jobs announced
#1 year in OA history for jobs announced from relocations
#3 year in OA history for jobs announced and number of projects for expansions
138 venture capital deals
$1.78B for local companies
In addition to the announcement of Tesla’s Giga Texas, for which the Austin Chamber/Opportunity Austin was awarded Business Facilities’ 2020 Deal of the Year Gold Award, we also welcomed relocations and expansions from Oracle, Amazon, BAE Systems and numerous other great companies. This activity resulted in 22,114 jobs announced - real jobs for real people so they may provide for their families.
Recognition is appropriate for the entire Opportunity Austin staff for their tireless efforts to keep Austin working. The results of their labor underscore the importance of the Opportunity Austin mission and legacy. In fact, our success as a region is a testament to the support of our Opportunity Austin investors.
Thanks for your generosity and support which are making a positive impact in this place we call home.
Craig Enoch Gary Farmer 2020 Austin Chamber Board Chair 2020 Opportunity Austin Chair Economy
“Texas’ capital is attracting more corporate jobs and remote workers than ever before, lured by lower costs and lower taxes. Business relocations to Austin announced this year are expected to create nearly 10,000 jobs. That is the city’s highest figure on record for a single year.”
WALL STREET JOURNAL 2020 SCORECARD
2020 OA 4.0 GOAL CAMPAIGN (Year 2 of OA 4.0) (2019-2023) TO DATE
New Jobs -11,500 161,000 29,900
Corporate Relocation Announcements 45 300 103
Local Company Expansions 109 500 227
Out-of-Region Visits 147 1,125 453
Prospect Visits to Central Texas 107 625 246
Regional Retention Surveys 732 1,400 1,201
459,800 total jobs created since 2004
5 A winning year
There is no denying that 2020 was an extremely difficult year for many area businesses and families. The past year threw a lot of curveballs our way, but we also saw just how resilient the Austin-area economy has become.
Not only did 2020 exceed all Opportunity Austin goals and expectations; it was also was an award-winning year for the Chamber’s economic development team.
2020 Deal of the Year Gold Award
Business Facilities Business Facilities announced the Greater Austin Chamber of Commerce as the recipient of its 2020 Deal of the Year Gold Award for its work on bringing Tesla’s Giga Texas to the Austin region.
”The plant that will build Tesla’s first entry into the truck market was one of the most coveted projects of the year,” said Business Facilities Editor in Chief Jack Rogers. “The Cybertruck assembly plant vaults Austin into the top tier of automotive manufacturing hubs.”
2020 Mac Conway Award
Site Selection Magazine Site Selection Magazine announced the Greater Austin Chamber of Commerce as a recipient of the 2020 Mac Conway Award, which is bestowed annually to the top economic development organizations in the country.
“It is an honor to be recognized by Site Selection Magazine with the Mac Conway Award,” stated Opportunity Austin Chair Gary Farmer. “This award validates all the hard work and dedication of our investors, volunteers and staff in building one of the top economic development organizations in the country.”
6 The Chamber goes digital
It was Friday the 13th of March 2020 when the Chamber sent staff to work from home “until the pandemic blows over,” but the team left with the conviction that whatever happened, this was the time to do even more to support our community. That following Monday, March 16, the Chamber hosted the first of what would be over 50 virtual events in 2020, an overview of what businesses needed to know about the new government disaster declarations.
From organizing virtual meetings of the Opening Central Texas for Business Taskforce to creating an online economic recovery dashboard updated with real-time data, the Austin Chamber has embraced this new Zoom reality to continue to be a trusted resource for our business community.
Vice President, Economic Development, Roland Peña meets with a prospect from his home via Zoom.
7 Relocations
EMPLOYEE TOTAL COMPENSATION ECONOMIC IMPACT COMPANY EMPLOYMENT (MILLIONS) (MILLIONS)
Indirect/ Indirect/ Direct Induced Total Direct Induced Total
8VC 15 21 36 $0.78 $1.11 $1.89 $2.96
AgencyKPI 30 26 56 3.62 1.32 4.94 10.93
Airbrake Technologies 10 9 19 1.21 0.44 1.65 3.64
Airtable 100 88 188 12.06 4.41 16.47 36.43
Amazon Buda Delivery Station 200 93 293 4.31 4.09 8.39 13.54
Amazon Kyle Sortation Center 200 93 293 4.31 4.09 8.39 13.54
Amazon Pflugerville Fulfillment Center 1,000 466 1,466 21.54 20.43 41.97 67.68
Amazon Round Rock Delivery Station • 900 419 1,319 19.38 18.39 37.77 60.91
Assurely 15 34 49 1.17 2.07 3.24 5.29
Astute Electronics • 36 69 105 5.94 3.47 9.41 16.44
Athlete Performance Solutions 12 13 25 0.74 0.72 1.46 2.25
BAE Systems • 700 1,182 1,882 99.10 65.25 164.35 348.13
The Boring Company • 75 90 165 5.57 4.68 10.24 17.05
Boston Consulting Group • 60 55 115 4.51 2.70 7.21 10.44
Canva • 60 53 113 7.23 2.65 9.88 21.86
Citadel Securities 15 12 27 1.50 0.58 2.08 2.75
CKD Corporation • 70 58 128 4.36 3.10 7.46 11.82
Curative • 200 139 339 12.64 6.98 19.62 33.48
DanceFight (Virtual Arts) • 20 145 165 2.63 8.41 11.04 19.51
Ethos Technologies 25 57 82 1.95 3.45 5.40 8.81
FileTrail 25 22 47 3.01 1.10 4.12 9.11
Flex Health • 600 777 1,377 37.26 46.01 83.26 162.64
Gecko Technology Partners • 25 48 73 4.13 2.41 6.54 11.42
GOTHAMS • 20 28 48 1.04 1.48 2.52 3.94
8 EMPLOYEE TOTAL COMPENSATION ECONOMIC IMPACT COMPANY EMPLOYMENT (MILLIONS) (MILLIONS)
Indirect/ Indirect/ Direct Induced Total Direct Induced Total
HumanCo 10 14 24 0.52 0.74 1.26 1.97
Investex (Triple Temp Cold Storage) • 60 73 133 2.50 3.33 5.83 10.49
Iron Ox 28 9 37 0.57 0.33 0.91 1.95
Jump Trading • 35 27 62 3.50 1.35 4.84 6.42
Kitchen United 30 37 67 1.25 1.67 2.91 5.24
Lowe’s • 70 33 103 1.51 1.43 2.94 4.74
LPL Financial 20 16 36 2.00 0.77 2.77 3.67
Momentum Extraction 65 184 249 4.00 8.81 12.80 24.87
Ooni • 25 74 99 3.90 3.73 7.62 17.07
Oracle Corp. 2,000 1,570 3,570 199.75 76.97 276.72 366.67
QuestionPro 100 88 188 12.06 4.41 16.47 36.43
Saleen Performance Parts • 150 214 364 16.95 11.29 28.25 61.80
Shell (Studio X) • 90 142 232 10.46 7.55 18.01 30.95
Simpatico Consulting • 10 9 19 0.75 0.45 1.20 1.74
Skimmer 10 9 19 1.21 0.44 1.65 3.64
Special Products & Mfg. • 30 24 54 1.85 1.32 3.16 4.61
Tesla • 5,000 8,519 13,519 352.58 478.25 830.83 5,895.38
Tomo Networks 50 69 119 5.77 3.54 9.31 13.27
Vilua Healthcare 25 15 40 1.41 0.75 2.16 3.28
Volcon • 100 116 216 7.18 6.37 13.54 23.71
TOTAL 12,421 15,308 27,729 895.98 826.32 1,722.30 7,429.20
• Projects directly assisted by the Austin Chamber. Impacts are derived from the IMPLAN modeling application based on announced direct job creation in the associated IMPLAN industry sector.
9 Expansions & Relocations
LOCAL COMPANY EXPANSIONS & ANNOUNCED NEW JOBS
COMPANIES JOBS OA 1.0 OA 2.0 OA 3.0 OA 4.0
COMPANIES JOBS
130 18,000
17,000 120
118 16,000
110 15,000 110 109
100 14,000
13,000 90 12,000 87
80 82 10,639 11,000 10,212 9,693 10,000 70 72 71 70 9,000 8,904 60 62 63 61 8,000
55 55 50 52 53 7,000
48 6,000 40 4,970 4,616 5,423 5,000 35 3,955 30 3,590 3,520 4,000 3,152 3,000 20 3,122 2,787 2,690 2,568 2,307 2,000 2,115 10 1,000
0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
10 COMPANY RELOCATIONS & ANNOUNCED NEW JOBS
COMPANIES JOBS OA 1.0 OA 2.0 OA 3.0 OA 4.0
COMPANIES JOBS
70 20,000
19,000
64 18,000
60 17,000
58 16,000
15,000 53
50 51 50 50 14,000
13,000 46 45
12,421 12,000 40 11,000
36 9,424 10,000 34 8,380 9,000 30 31 31 31 29 8,000 7,047 26 7,000
6,000 20 21 4,814 5,000 5,131 5,098 17 3,878 4,658 4,000 3,125 3,128 3,779 3,000 10 3,050
1,512 2,000
1,282 1,000 1,120 547 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
11 Welcoming Tesla
12 Technology & Innovation
The Chamber’s Global Technology & Innovation team works closely with our region’s tech ecosystem to:
• attract capital, both domestic and international; • connect tech and innovative companies with potential investors; • convene investors and business leaders to strengthen the tech ecosystem; • expand and diversify the ecosystem to attract investors and promote job growth; • leverage local universities to increased commercialization; and • connect and expand the region’s global footprint.
2020 AUSTIN TECH BY THE NUMBERS 250+ $1.8B 4 Exits Requests / Intros in VC Funding by A-LIST Companies to Investors and Tech Ecosystem 32 Deals 3 Unicorns 138 with A-LIST Companies ($1B+ valuation, privately deals held) of A-LIST Companies $852MM to A-LIST Companies
2020 INTERNATIONAL OUTREACH
Singapore Canada
Hong Kong Poland $40MM+ 55+ Dubai UK raised (follow-on funding confirmed, Virtual Meetings / Intros amounts confidential) Israel
13 ConnectFirst
The businesses that are already creating jobs across our region are incredibly important. ConnectFirst is a Chamber/Opportunity Austin initiative that strengthens relationships with and supports the success and growth of these companies.
BUSINESS RETENTION & EXPANSION (BRE) We work with all sizes of employers in the Austin region to understand the challenges facing their businesses and help them continue creating jobs.
109 148 732 Businesses expanding Chamber surveys Surveyed regionwide (exclusive of pandemic related surveys)
BEATING THE ODDS IN 2020 In 2020, expansion projects resulted in 9,693 new jobs announced for our region. This was the third best year for expansions in Opportunity Austin history.
From Oracle to Whole Foods to Realtor.com to PIMCO to Texas Children’s Hospital, our team helps to keep businesses growing. We support regional expansion projects by creating pipelines for talent through connections with universities and organizations such as Workforce Solutions, assisting with real estate RFIs, connecting with CapMetro, and connecting businesses with potential government incentive programs. We celebrate every win on our relocations and expansions log.
14 Talent
“Like everything else in life, there are still good things to focus on. For those fortunate to call Austin home, there are area companies hiring and looking to fill roles to help keep the local economy moving.”
PATCH.COM
15 Education & Talent
HIGHLIGHTS
Helping more families access postsecondary education in an especially tough year
Throughout the pandemic, the Chamber and its school district partners actively worked on college and career readiness and placement initiatives to expand college and career preparation options for Central Texas students.
CLASS OF 2020*
73% 13,320 Completed the Free Application for Federal High school seniors Student Aid (FAFSA) (highest ranking in Texas)
77% $200+ Submitted a college application Million in federal, state, and institutional aid received
*Final enrollment outcomes are pending release in April 2021.
CLASS OF 2020 COLLEGE-READINESS RATES Continuing to lead the state in high school students who graduated college and career-ready
65% 42% DTC70 School District Partners State of Texas
16 ADVANCING REGIONAL TALENT
We help people gain the skills they need to be successful and help businesses connect to the talent they need to grow.
Advocating for education and our economy As part of our economic development endeavors, we facilitated discussions with Tesla, schools, higher education, and county and state officials to adopt agreements and partnerships that develop future talent and create jobs. The Chamber also adopted policy priorities to preserve HB3 legislative gains, reducing the impact of state recapture of Central Texas local tax dollars in area schools; protect financial incentives for schools whose graduates are college, career and military ready; and maintain funding to make higher education more affordable to Central Texas families.
Taking college & career readiness 0nline to expand opportunity for all The Chamber partnered with the Texas Workforce Commission on a variety of virtual conversations on topics like labor and employment laws, child care assistance and the high school workforce counselor pilot program. We also helped connect businesses to regional school districts to numerous virtual career engagement events to educate and continue students’ focus on postsecondary opportunities and demands. Through the Opening Central Texas for Business Taskforce, we addressed challenges and made recommendations to improve access to childcare and help employers, school, and higher education providers to track digital divide barriers to remote learning. We also brought in partners like Google to highlight how their certificate program can foster opportunity for non-traditional IT workers to kickstart a technical career.
Connecting employers to future talent The Talent Ambassador program now has a growing list of over 70 participating companies that provide learning opportunities aligned with their company’s talent needs or corporate social responsibility priorities. Talent Ambassador feature stories: • Talent Ambassador TEL has a culture of giving back
• Talent Ambassador Accenture provides skills to succeed
• Talent Ambassador TDIndustries develops talent through community initiatives
Data driven by demand The Chamber’s monthly job posting report helps employers track available job openings by occupational group, median wages, and top skills with labor market demand.
17 Place
“As we open up businesses, let’s open up a new day of mutual respect—that while we are all different, there is an ‘us’ in Austin. A mask on each of us is a win for all of us. Let’s be that city of us.”
OPENING CENTRAL TEXAS FOR BUSINESS TASK FORCE “CITY OF US” CAMPAIGN Transportation
IH-35 CAPITAL EXPRESS In April 2020, the Texas Transportation Commission approved $3.4B of funding for the IH 35 Capital Express. In addition to key Chamber staff and volunteers testifying in favor of the funding, the Chamber mobilized its membership; members sent out hundreds of comments urging approval of funding.
In June 2020, the Capital Area Metropolitan Planning Organization (CAMPO) Policy Board passed a vote that deferred over $600M of regional projects in order to fulfill the local funding piece of IH 35. The Chamber Regional Mobility Committee hosted CAMPO staff to solicit information on the projects and spoke with members of the CAMPO board to urge passage.
PROJECT CONNECT In November 2020, Austin voters approved Proposition A, aka Project Connect. Project Connect, a long-term vision of Capital Metro, provides for two new light rail lines, upgrades to existing commuter rail, one new bus rapid transit line, and numerous other upgrades.
This ballot measure was supported by the Chamber board of directors. Additionally, the Chamber’s Regional Mobility Committee worked closely with Capital Metro and City of Austin officials to discuss all aspects of the plan.
CAMPO 2045 Every five years, the Chamber works with the Capital Area Metropolitan Planning Organization (CAMPO) and partners to ensure the successful passage of the federally mandated 25-year plan. The CAMPO 2045 plan comprises all mobility improvements in the six county region for the next 25 years and serves as a road map of priorities for the region.
In May 2020, the CAMPO Policy Board unanimously passed the 2045 plan, which included many Chamber priority projects and additional planning documents that will assist the region in the coming years including the 2045 Arterials Inventory.
19 Local Advocacy
LEADING AT THE LOCAL LEVEL
OPENING CENTRAL TEXAS FOR BUSINESS TASK FORCE In April 2020, at the request of the City of Austin and Travis County, the Chamber formed the Opening Central Texas for Business task force. This task force, made up of nearly 200 community and business leaders from a cross-section of industries, provided guidance on how to reopen our regional economy, including key areas of childcare, digital access, PPE access, and financial resources.
MOBILIZING TO KEEP AUSTIN WORKING The Chamber successfully advocated for construction and manufacturing industries to remain open as consistent with federal CISA guidelines. In conjunction with our regional partners, the Chamber also helped organize and support the manufacturing sector to pivot and quickly develop and deliver PPE. The Chamber also worked to establish COVID-19 protocols in order to keep job sites safe and secure for the construction workers who provide a foundation for Austin’s strong economy.
CITY OF US An output of the Opening Central Texas for Business Task Force, the City of US campaign encouraged mask wearing and social distancing as integral to safely reopening businesses, showing that a mask on each of us is a win for all of us.
20 State & Federal Advocacy
REPRESENTING AUSTIN AT THE STATE & FEDERAL LEVELS
STANDING UP FOR ESSENTIAL BUSINESSES The Chamber helped ensure Austin’s critical infrastructure businesses were deemed essential when the pandemic hit – including those that manufactured PPE and other products that helped combat COVID-19.
A TRUSTED RESOURCE FOR BUSINESS Starting mid-March 2020, we hosted virtual conversations with Senator John Cornyn, Congressman Michael McCaul and Congressman Roger Williams on the Paycheck Protection Program and other resources available for small businesses.
AT THE STATE LEGISLATURE The Chamber’s state legislative agenda supports policies that improve the overall job creation, health and prosperity of the Texas economy.
The Chamber is in favor of reauthorizing Chapter 313 agreements—a critical tool to attract new capital investment to Texas—and continues to advocate in favor of maintaining sufficient funding in the Texas Enterprise Fund to keep our state competitive for major economic development opportunities.
The Chamber also supports legislation that addresses businesses’ concerns about liability protections while operating during a pandemic. Specifically, we support safe harbor laws that ensure businesses are held harmless when operated in a good faith effort to comply with government provided COVID protocols.
21 OA 4.0
“[W]hile the skyline can’t compete with the likes of New York City (few can), for those of us who live in Austin, it’s not only a beautiful visual landmark welcoming people to downtown, but a clear symbol of the immense growth the city has experienced over the past few years.”
CRUNCHBASE Financials
Program Expenses to Date: $6,958,310 TOTAL
2020 EXPENSES
ECONOMY TALENT PLACE Recruiting, Business Retention Education/Talent Attraction Advocacy/Mobility/Infrastructure & Expansion, Technology $1,090,689 $479,338 $1,539,244
INVESTOR RELATIONS OPPORTUNITY FUND $156,653 $20,090
ECONOMY $1,539,244
TALENT $1,090,689
PLACE $479,338
INVESTOR $156,653 RELATIONS
OPPORTUNITY $20,090 FUND
0 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 1,750,000 2,000,000
23 Regional Partners
Austin Jarrell Pflugerville Bastrop Kyle Round Rock Buda Lago Vista San Marcos Cedar Park Leander Taylor Elgin Liberty Hill Georgetown Lockhart HIGHLIGHTS
Austin Cedar Park
› Tesla chose Del Valle in East Travis County as the location › Rose City Management announced plans to build of its new Gigafactory, which will bring 5,000 direct jobs 400,000 square feet of Class-A office space. and $1 billion in capital investment to the region. › Momentum Extraction announced a new 45,000-square-foot › Oracle relocated its headquarters from California manufacturing and extraction facility, creating 65 new jobs. to Austin. Its campus on East Riverside has › Hellas Construction broke ground on 35,000 capacity to grow to 10,000 employees. square feet of headquarter office space. › The City of Austin launched 11 COVID-19 financial › Cedar Park Regional Medical Center was awarded an assistance and support programs. Collectively, these Enterprise Zone designation, creating 61 new jobs and programs distributed $32 million to 4,800 individuals, generating a capital investment of $13.25 million. non-profit organizations, and businesses. › Other companies, including BAE Systems, Realtor. com, Flex Health, PIMCO and Tata Consultancy Elgin Services, announced expansions. › YERICO announced plans to expand to a 20,000-square- foot manufacturing facility, creating 10 new jobs. Bastrop › Elgin EDC developed new marketing materials, including videos and printed material, for the Bastrop EDC announced The Art Institute of Austin › Elgin Business Park, downtown, and visitor has completed 9,000-square-foot campus that attractions to be rolled out in January 2021. will commence operations in Spring 2021. › Elgin EDC hired CBRE to market the 70-acre Bastrop EDC broke ground on several developments › Elgin Business Park to end users. including the Bastrop Advancement Center in conjunction with the Deep in the Heart Art Foundry, Austin Community College and Workforce Solutions. Georgetown
› Titan Development broke ground on NorthPark35, Buda a new 150-acre Class A industrial park. › Ascension Seton announced plans for a new › Baylor Scott & White constructed a $35 medical office building complex in Wolf Lakes. million, 70,000-square-foot hospital. › Champion Site Prep broke ground on a new › Amazon leased a new 305,000-square-foot headquarter office facility, creating 270 new jobs. delivery station, creating over 200 new jobs. › WBW Development is nearing completion on › Buda EDC and the City of Buda established the a new mixed-use office building that will also Still Budaful Stimulus Program, providing $850,000 be the company’s new headquarters. to 119 businesses and saving over 700 jobs. › Sunfield Station opened a new 65,000-square- foot fitness, event, and competition facility.
25 Regional Partners
Hutto Leander
› “Brushy Creek Amphitheater quickly adapted to host social › The City of Leander broke ground on the $715 million distanced concerts featuring Grammy nominated artists. 115-acre mixed-use Northline project that will include retail, office, residential, hotel and civic spaces. › Sales tax revenue increased at a record 31% in 2020. › Leander was named the fastest-growing large › Innovation Business Park III, a new class A commercial city in America by the U.S. Census Bureau. development, completed construction in 2020 with over 440,000 square feet of industrial space. › Leander Springs announced a 78-acre, mixed-use project with retail, restaurant, entertainment, hospitality, office › The Co-Op, a dynamic 35-acre mixed-use development, welcomed and residential components that will begin development Southside BBQ and laid infrastructure for future tenants.” in 2021. A four-acre lagoon, hotel and conference center will be the center of the proposed project. Jarrell
› The City of Jarrell announced sales tax revenue Liberty Hill Increased 44% from 2018 to 2020. Sales tax collections increased 32.4% from the › The City of Jarrell announced the completion of six new › previous year and is up 57.3% since 2018. subdivisions, which, if combined with existing developments, could produce 7,000 homes over the next three years. › The Economic Development Corporation funded over $50,000 in COVID-19 relief grants throughout the business community. › The City of Jarrell broke ground on a new industrial development site complete with speculative 5,000-square- › New stores, including Higginbotham’s, Mrs. Amy’s foot buildings, 20-foot clear height, and a large secured yard. Adventures and Texas Honey Hole, opened their doors. › A new splash pad opened as the city’s focus on Kyle community and family amenities remains a priority.
› The City of Kyle announced that 650,000 square feet of industrial spec space was leased in the second Lockhart half of 2020, creating hundreds of jobs. › Lockhart EDC adopted a strategic plan to guide its The City of Kyle broke ground on a 444,000-square-foot › economic development efforts over the next five years. industrial spec facility and announced plans to develop an additional 382,000 square feet in the future. › Iron Ox announced plans to expand operations to Lockhart with a hybrid robotic greenhouse breaking ground in 2021. › The City of Kyle announced a sales tax revenue increase of 12% from 2019 to 2020. It also reported an › Lockhart is developing its third and largest industrial 8% increase in square footage and 38% increase in park along SH 130 with 75 acres of new shovel-ready valuation of commercial construction year over year. industrial land for development within the city limits.
Lago Vista Pflugerville › Lago Vista Village Retail Center announced Anytime Fitness as › Amazon broke ground on 3.8 million square one of four new tenants leasing space at the retail complex. feet of industrial space, creating 1,000 jobs. › The City of Lago Vista announced a sales tax › Curative opened a third COVID-19 testing facility revenue increase of 38% from 2019 to 2020. in the United States, creating 300 jobs. › The City of Lago Vista officially opened Sunset Park › Pflugerville’s new and expanded companies include to the public and announced that Phase 2 of the Amazon, Curative, Cowboys Fit, Armbrust American, project is currently in the engineering stage and is Home Depot, Essentium, Commercial Van Interiors, set to begin construction this calendar year. and Flooring Services, creating 1,478 total jobs. 26 Round Rock
› Saleen Performance Parts relocated its manufacturing operations from California to Round Rock, creating 150 new jobs. › Amazon leased an additional 442,000 square feet of distribution space and expects to hire 900 employees at the location. › In November 2020, Kalahari Resorts & Convention opened a resort that includes a 223,000-square-foot indoor waterpark, 200,000-square-foot convention center, 80,000-square- foot theme park, and 10,000 square feet in retail space.
San Marcos
› Sportsplex on CenterPoint is a $108 million sports complex that is expected to bring 143 new jobs to San Marcos. › Bearden Investment broke ground on 175,000 square feet of mid-sized industrial space, valued at $10 million. › ZOOP, a plastics manufacturer, announced it relocated to Clovis Baker Road in San Marcos.
Taylor
› Hart Components completed the construction of a 60,000-square-foot building on 28-acres for its Truss Manufacturing facility. › Masterson Hard Chrome completed construction of a 6,000-square-foot building on two acres in the Mustang Creek Industrial Park. › RCR Taylor Logistics Park opened with dual Class 1 rail service from Union Pacific and BNSF Railroads. The 755-acre site, located in the City of Taylor, offers transloading, manifest, unit train and storage for national and international firms in the Central Texas region. 2020 Greater Austin Economic Development Corporation Board of Directors
EXECUTIVE COMMITTEE
Chair Treasurer Gary Farmer Cindy Matula President Managing Director, Heritage Title Company of Austin Central Texas Region Manager Chase Bank
Vice Chairman General Counsel/Assistant Secretary Casey Dobson Matthew Dow Partner Partner Scott, Douglass & McConnico Jackson Walker LLP
Immediate Past Chair President/Secretary Kerry Hall Laura Huffman President, Austin Region President Texas Capital Bank Greater Austin Chamber of Commerce
EX-OFFICIO DIRECTORS
Chamber Chair Chamber Immediate Past Chair Craig Enoch Brian Cassidy Justice (Retired) Managing Partner – Austin Office Enoch Kever PLLC Locke Lord LLP
Director Emeritus Pike Powers
28 Terms Expiring Terms Expiring Terms Expiring December 31, 2020 December 31, 2021 December 31, 2022
Andy Davis Tim Crowley Lorinda Holloway CEO, Ascension Texas Regional President Office Managing Partner, Austin Region, Frost Bank Husch Blackwell, LLP Sylvia Maggio Market Executive, Wells Fargo Matthew Dow David Huffstutler Partner, Jackson Walker LLP President/CEO, Casey Dobson St. David’s HealthCare Partner, Scott, Douglass Greg Fenves & McConnico LLP President, The University Seth Johnston of Texas at Austin Vice President, Marketing, Shantel Norman Lincoln Property Company Vice President – Operations, Laura Gottesman Texas Gas Service Owner/Broker, Gottesman Bart Matheney Residential Real Estate Principal, AQUILA Commercial Chuck Lipscomb Sr. Vice President – Regional Tim Hendricks Bill Redd Director of Client Solutions, Senior Vice President, Executive Vice President JE Dunn Construction Cousins Properties Incorporated and Senior Managing Director, Don Reese Cindy Matula Brandywine Realty Trust Principal/President, Central Texas Region Manager, James Dyess Riverside Resources Chase Bank CEO, Horizon Bank
Richard Ridings Chad Marsh Matt Williamson Senior Vice President, Managing Principal, Managing Director and HNTB Corporation Endeavor Real Estate Group Regional Director, Austin, Todd Wallace Rick Whiteley The Beck Group Senior Managing Director, JLL Executive Director, Howard Yancy Cushman & Wakefield President, Zydeco Development Pete Winstead Founding Shareholder, Winstead PC
29 Investors
OPPORTUNITY AUSTIN 4.0 LEAD INVESTORS $100,000 and up ($20,000 minimum/year)
ACC (Austin Community Castletop Capital / Milestone DPR Construction College District) Community Builders, LLC Dynamic Systems, Inc. Alliance Residential Company CBRE Endeavor Real Estate Group AQUILA Commercial, LLC CBTX Capital Eureka Holdings, Inc. Armbrust & Brown, PLLC Cielo Property Group Frost Ascension Seton Circuit of the Americas Garza EMC, LLC Aspen Heights Partners City of Austin Generational Commercial Austin American Statesman CleanScapes, LP Properties
Austin Board of Realtors Corridor Title Co. Griffis Residential
Austin Commercial, LP Cousins Properties Incorporated HDR Engineering, Inc.
Avison Young CTRMA (Central Texas Regional Hensel Phelps Construction Co. Mobility Authority) Baker Botts, LLP Heritage Title Company Cumby Group of Austin, Inc. Balfour Beatty Construction, Inc. Cushman & Wakefield Hill & Wilkinson Bank of America Construction Group Cypress Real Estate Advisors, Inc. Baylor Scott & White Health HNTB Corporation Data Foundry BBVA USA Horizon Bank Delaware North Companies - The Beck Group Travel Hospitality Services HPI Real Estate Services Brandywine Realty Trust and Investments Dimensional Fund Advisors, LP Brookfield Residential Husch Blackwell, LLP Downtown Austin Alliance Capital Metropolitan Transportation Authority
30 Investors as of December 31, 2020 IBC Bank Pape-Dawson Engineers, Inc. Stream Realty Partners, LP
Independence Title Company Pearlstone Partners Swinerton Builders
Inspire Development Pioneer Bank SXSW
Jackson Walker, LLP Presidium Group Texas Capital Bank
Jacobs Engineering Group Inc. Professional Janitorial Service Texas Gas Service
JE Dunn Construction Randolph-Brooks Federal Texas Mutual Insurance Company Credit Union JLL Texas State University RECA (Real Estate JPMorgan Chase Trammell Crow Company Council of Austin) Kuper Sotheby’s University Federal Credit Union Riverside Resources International Realty The University of Texas at Austin Ryan Companies US, Inc. LCRA (Lower Colorado Upland Software Inc River Authority) Samsung Austin Velocity ATX Semiconductor, LLC Lincoln Property Company Vista Equity Partners Scott Douglass & McConnico, LLP Live Oak Wells Fargo Bank Shorenstein Locke Lord, LLP White Construction Company Square One Consultants Marbella Interests LLC White Lodging Services St. David’s HealthCare Maxwell Locke & Ritter LLP Winstead PC Stantec MET Center / Zydeco Development STG Design, Inc. Momark Development, LLC Stonelake Capital Partners Norton Rose Fulbright Stratus Properties, Inc. Page
31 OPPORTUNITY AUSTIN 4.0 ADVANCED INVESTORS $50,000 to $99,999 ($10,000 minimum/year)
ABC Home & Commercial Services HID Global Silicon Labs
AMD Hilton Austin Slack Davis Sanger LLP
American Bank, N.A. KVUE Southside Bank
American Campus Communities LegalZoom, Inc. StoryBuilt
Apple, Inc. Lennar Homes Taylor Economic Development Corporation Atlassian LoneStar Airport Holdings TEL Austin Regional Clinic Luminex Corporation Terracon Consultants, Inc. Austin White Lime Co. Metcalfe, Wolff, Stuart & Williams LLP TRANSWESTERN Bartlett Cocke General Contractors Miller Imaging and US Anesthesia Partners Bastrop Economic Digital Solutions Development Corporation Vinson & Elkins LLP Newmark Bazaarvoice Workplace Resource NI CapRidge Partners, LLC Zapalac/Reed Construction Ottobock Company, L.P. Catellus Development Corporation Pedernales Electric Cedar Park Economic Cooperative, Inc. Development Corporation Pflugerville Community Cirrus Logic Development Corporation City of Georgetown - Economic PIMCO Development Department The Porter Company City of Hutto Raba Kistner Consultants, Inc. Flextronics America LLC Regions Bank Google, Inc. Round Rock Chamber Gottesman Residential Real Estate RubiCrown Commercial Real Estate Greater San Marcos Partnership Sabot Development H-E-B Austin Regional Office Schlosser Development HealthCare Facilities Corporation Development Corporation
32 Investors as of December 31, 2020 OPPORTUNITY AUSTIN 4.0 INVESTORS Up to $49,000 ($9,999 maximum/year)
Accenture LLP Borgelt Law CREI Partners, LLC
Access to Culture / Bridgepoint Consulting, LLC Cushing Terrell Sharon Schweitzer Broaddus & Associates CWS Apartment Homes Alliant Broadway Bank Danze & Davis Architects, Inc. American Bank of Commerce Buda Economic Development Datum Engineers, Inc. American Constructors Corporation DEN Property Group Amplify Credit Union Buie & Co. Development 2000, Inc. Applied Materials, Inc. Capform, Inc. Don Hewlett Chevrolet-Buick Inc. Ardent Residential Capital Pumping, LP DuBois Bryant & Campbell, LLP Ardurra Capitol Chevrolet Dunaway Associates Asuragen, Inc. Cardno ECR - Equitable Commercial Realty Atwell, LLC. Carollo Engineers Inc. Elgin Economic Development Austin Business Journal Cathy Coneway Corporation
Austin Civil Engineering Central National Bank Elizabeth Christian Public Relations, LLC Austin Habitat for Humanity Cherry Bekaert LLP Elliott Stratmann, PLLC Austin Hotel & Lodging Association Christianson Air Conditioning & Plumbing, LLC Emerson Baker Drywall Austin CIBC Private Wealth Management Encotech Engineering Balcones Resources, Inc. Consultants, Inc. City of Kyle Ball Associates Energy Engineering Associates, Inc. City of Lago Vista BancorpSouth Enoch Kever, PLLC City of Leander The Bank of Austin Envolve Communities Coleman & Associates Barshop & Oles Company ETS-Lindgren Community Impact Newspaper Benchmark Bank First United Bank Concordia University Texas Berkadia Commercial Focus Strategies Mortgage, LLC Consort, Inc.
Bonner Carrington LLC CPM Texas
33 OPPORTUNITY AUSTIN 4.0 INVESTORS Up to $49,000 ($9,999 maximum/year)
Investment Banking Investors Alliance, Inc. McCoy Rockford
Four Seasons Hotel Austin Ironwood Real Estate McGarrah Jessee
FourT Realty, LLC J.R. Schneider Construction, Inc. McKinsey & Company
Frontier Bank of Texas Jarrell Economic Development McLean & Howard, LLP Corporation Frost Insurance Meador & Jones, LLP JMEG, LP FSG Electric Mechanical Reps, Inc. Journeyman Construction, Gensler Moody National Bank Inc./JCI Hospitality LLC Goodwill Central Texas Moreland Properties, Inc. Kerbey Lane Cafe - Southwest Growth Acceleration Partners Morrison & Head, LP Keystone Bank Guaranty Bank & Trust Mtech-Icon Kimley-Horn and Associates, Inc. Haegelin Construction Co., Ltd. NorthMarq Knight Office Solutions of Austin Hahn Public Communications Norwood Tower KPMG LLP Harvey-Cleary Builders NXP Semiconductor Larry Peel Company Heldenfels Enterprises, Inc. The Nyle Maxwell Family LASCO Acoustics and Drywall, Inc. of Dealerships HFF, L.P. Levy Properties O’Connell Robertson Higginbotham Liberty Hill Economic Development OakPoint Real Estate Highland Resources, Inc. Corporation (LHEDC) Oden Hughes, LLC Holtzman Partners, LLP Lockhart Economic Perkins+Will Huston-Tillotson University Development Corporation Personal Administrators, Inc. Hyatt Regency Austin Luther King Capital Management Pierpont Communications IE2 Construction, Inc. Manifold Real Estate PlainsCapital Bank Independent Bank / The Marek Companies Independent Financial Power Design, Inc. Marsh & McLennan Agency Intertech Flooring Prism Electric, Inc. Marsh Wortham Intracorp / 44 East Avenue Prosperity Bank Mathias Partners Intrepid Equity Investments Commercial Real Estate R Bank
34 Investors as of December 31, 2020 Rand Construction Corporation Time Insurance Agency, Inc.
Redbud Realty Partners, LLC Tramor Properties
RedLeaf Partners, LLC Trimbuilt Construction, Inc.
Rifeline Trinity Real Estate Finance
RKB Contractors, Inc. Truist
Robert & Amy Thomas Urbanspace Real Estate + Interiors
Rogers-O’Brien vcfo, Inc. Construction Company View Inc. Rose City Partners, LLC Visit Austin Sabre Commercial, Inc. Walker Engineering, Inc. Saunders, Norval, Walter P Moore Pargaman & Atkins, LLP Watkins Insurance Group Skybeck Construction LLC Wilson & Goldrick Realtors, Inc. SOAL Technologies
Spirit of Texas Bank
Stanley Consultants, Inc
The Steam Team Cleaning and Restoration
Steve T. Matthews Company
Studio 8 Architects, Inc.
Summit Commercial
SynerMark Properties, Inc.
TDIndustries
Teeple Partners, Inc.
Terry McDaniel & Company
Texas Star Alliance Public Affairs
Tiff’s Treats
35
Thank You!
Your investment and commitment to Opportunity Austin has helped make our region a better place. 535 East 5TH St. | Austin, TX 78701 www.opportunityaustin.com