2016 ANNUAL REPORT
OPPORTUNITY AUSTIN Economy Business Retention & Expansion | 5 Message to Investors Relocations | 6 To our Opportunity Austin Investors, Expansions & Relocations | 8 Innovation | 10 We are pleased to report another strong year of economic growth and development in 2016. Performance of the Austin area is especially encouraging as we Talent approach completion of our five-year plan focused on three strategic areas. They include growing our Education | 13 economy, increasing our talent and improving our infrastructure to ensure Austin remains a great place Place to work, live and play for everyone in our region.
Transportation & Infrastructure | 17 For more information on overall progress, Transportation Bond | 17 please see the Opportunity Austin 3.0 mid- Energy | 18 course highlights in this Annual Report. Air Services | 18 In the area of attracting and retaining companies, the Austin region turned in one of its strongest performances OA 3.0 on record. The combined number of relocations and expansions in 2016 was the highest ever tracked: Financials | 21 • 81 local businesses announced they were Mid-Course Assessment | 22 expanding workforces, 13 percent higher than Regional Partners | 24 the previous mark set in 2004. This translated OA 3.0 Board | 27 into the creation of more than 5,300 new jobs. OA 3.0 Investors | 28 • 50 companies new to the Austin region announced they were opening operations. This total ties the third strongest year (2013) and is expected to create 4,800 new jobs.
While attracting additional venture capital funding continues to be challenging, the region experienced 112 deals and about $834 million in funding – the most in Texas. The largest number of deals and dollars invested were in the Internet sector. In addition, Austin was ranked No. 1 in the annual index of the top performing metropolitan areas in America for entrepreneurial activity by the Kauffman Foundation.
Progress continued in the areas of talent and education. Our volunteers worked with about 16,000 high school students and their parents across the region to complete college financial aid forms (FAFSA), which generated over $130 million in financial aid for our students. More progress was made on expanding air continue working to ensure our region’s success. This travel options for the Austin region. New non- includes advocating for critical transportation projects stop service was announced to Frankfurt, in Austin and throughout the area as well as addressing Germany, and Guadalajara and Mexico City, mounting affordability concerns. In a recent survey Mexico. There are now 60 non-stop destinations sponsored by the Austin Chamber, 82 percent of Austin via ABIA, up from 51 the previous year. registered voters said the city has an affordability issue.
One of the most significant accomplishments in In addition, while the latest available data reveal 2016 came from advocacy efforts to help pass a adult and child poverty rates – key OA success historic transportation bond package for the City metrics – declining in the Austin MSA over of Austin. With financial support from Opportunity the past five years, there is more to be done, Austin investors, we worked together with the including additional funding and programs for mayor, business, active transit and bicycle advocacy workforce training, especially for those in need. groups to raise $1 million to promote and ensure the Lastly, the Greater Austin Economic Development largest single transportation bond in Austin’s history Corporation board approved efforts in 2016 to would be approved by voters overwhelmingly. consider and fund the next phase of Opportunity While approval of the mobility bond package was one Austin, currently labeled OA 4.0. We expect to of several major accomplishments, the need for our continue evaluating the fundamental needs of our community to stay focused and fight complacency community to position the business community with respect to economic development has likely to do all possible to ensure a prosperous regional never been greater. We have one of the strongest economy in Central Texas for years to come. economies in the country, but there are no guarantees Thank you for your continued support it will stay that way, so we must remain vigilant and of Opportunity Austin.
PHIL WILSON TONY BUDET 2016 Opportunity Austin Chair 2016 Austin Chamber Chair ECONOMY 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 5
2016 Scorecard for Relocations, BR&E
2016 RESULTS 2014-2016 OA 3.0 GOALS
New Jobs 32,200 111,500 102,663
Payroll Increase $1.86 billion $6.43 billion $7.08 billion
Corporate Relocation Announcements 50 167 150
Out of Region Visits 293 836 800
Prospect Visits to Central Texas 125 377 250
Regional Retention Surveys 446 1,088 1,500
Poverty Rates Declined Throughout Region
The most recent data available through 2015 show the estimated total poverty and child poverty rates declining throughout the Austin MSA, Travis County and City of Austin. More diligence is needed to remained focus on this important metric.
Total Poverty Rate Childhood Poverty Rate Source: U.S. Census Bureau, American Community Survey Source: U.S. Census Bureau, American Community Survey
30% 30% 25% 25%
20% 20% 15% 15%
10% 10%
5% 5% 0% 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
CITY OF AUSTIN TRAVIS COUNTY AUSTIN MSA 6 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
RELOCATIONS
TOTAL ECONOMIC EMPLOYEE COMPENSATION IMPACT EMPLOYMENT (MILLIONS) COMPANY (MILLIONS)
Indirect/ Indirect/ Direct Induced Total Direct Induced Total Abel Design Group 20 30 50 $1.84 $1.29 $3.12 $4.37
Aliya Financial * 15 23 38 0.51 1.09 1.60 2.80
Alpine Consulting * 35 56 91 3.79 2.39 6.19 9.75
Amazon * 500 620 1,120 54.18 26.56 80.74 101.40
Automic Software 20 36 56 2.51 1.71 4.22 8.44
Baker Tilly * 100 59 159 4.52 2.44 6.96 12.48
Best Buy 50 32 82 1.21 1.30 2.51 8.06
Blue Apron * 300 191 491 7. 23 7.82 15.05 48.33
Blueshift * 25 93 118 2.14 4.41 6.55 18.54
CipherLoc 40 71 111 5.02 3.42 8.45 16.87
ClearDATA * 100 245 345 11.98 11.13 23.11 35.17
Comprehensive Healthcare Management 50 30 80 2.26 1.22 3.48 6.24
Condé Nast * 50 215 265 4.29 10.12 14.41 24.41
Creative Alignments 20 9 29 0.82 0.36 1.18 1.89
Credit Risk Management Analytics * 40 71 111 5.02 3.42 8.45 16.87
Dominion Payroll Services 10 6 16 0.45 0.24 0.70 1.25
Duo Security 30 53 83 3.77 2.57 6.34 12.66
Eseye 12 15 27 1.30 0.64 1.94 2.43
Express Scripts * 100 178 278 12.56 8.56 21.12 42.19
Facebook 500 2,154 2,654 42.89 101.18 144.07 244.06
Flint Hills Resources 12 18 30 1.16 0.78 1.94 4.13
GE Aviation 50 62 112 5.42 2.66 8.07 10.14
HeartFlow * 125 222 347 15.70 10.70 26.40 52.73
Hello Soda 20 36 56 2.51 1.71 4.22 8.44
Home Depot Technology Center * 600 1,468 2,068 71.90 66.75 138.65 210.99
Hyperwallet Systems 100 178 278 12.56 8.56 21.12 42.19
InnowaveRF * 20 40 60 3.79 1.85 5.63 9.89 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 7
TOTAL ECONOMIC EMPLOYEE COMPENSATION IMPACT EMPLOYMENT (MILLIONS) COMPANY (MILLIONS)
Indirect/ Indirect/ Direct Induced Total Direct Induced Total KOMPAN Playground Solutions * 40 45 85 2.20 2.04 4.24 7.64
Kuka Robotics * 200 435 635 19.60 19.04 38.65 66.34
Ledcor Technical Services 100 66 166 3.72 2.94 6.65 14.17
Lightspeed Systems * 80 142 222 10.05 6.85 16.90 33.75
LKQ * 250 374 624 24.27 16.21 40.48 86.06
Logical Position 50 73 123 2.76 2.78 5.54 13.06
Magic Leap * 60 74 134 6.50 3.19 9.69 12.17
Namely * 30 53 83 3.77 2.57 6.34 12.66
Noren Products 40 46 86 1.73 2.35 4.08 8.23
Outdoor Voices * 20 30 50 1.94 1.30 3.24 6.88
Performance Services * 70 103 173 6.43 4.50 10.93 15.31
Promimic U.S. * 10 15 25 0.97 0.65 1.62 3.44
Ride Fare 30 15 45 1.03 0.66 1.69 2.99
Rocket Software 35 62 97 4.40 3.00 7.39 14.77
Seed Sumo 10 10 20 0.60 0.40 1.00 1.52
Shopgate * 75 133 208 9.42 6.42 15.84 31.64
SolarCity * 120 79 199 4.46 3.52 7.98 17.01
SpeachMe 10 18 28 1.26 0.86 2.11 4.22
Superior HealthPlan * 500 1,651 2,151 47.96 79.45 127.41 249.34
ThousandEyes 30 53 83 3.77 2.57 6.34 12.66
Twitch * 10 18 28 1.26 0.86 2.11 4.22
USAA 100 245 345 11.98 11.13 23.11 35.17
TOTAL 4,814 9,948 14,762 $451.41 $458.15 $909.56 $1,609.95
* Projects directly assisted by Austin Chamber
Note: One company is not reflected in the chart above as they were not known to have created at least 10 jobs. The company is reflected in 2016’s total relocations because they took more than 10,000 square feet. 8 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
EXPANSIONS & RELOCATIONS
81 Companies 81 expanded in 69 the region 62 55 55 52 54
OA 2.0 35
OA 3.0
2009 2010 2011 2012 2013 2014 2015 2016
5,353 Direct New Jobs were added to the region 5,353
4,470 3,955 3,520 OA 2.0 3,072 2,568 2,307 OA 3.0 2,115
2009 2010 2011 2012 2013 2014 2015 2016 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 9
50 Companies relocated to 64 the region 53 50 50
OA 2.0 34 31 29 OA 3.0
17
2009 2010 2011 2012 2013 2014 2015 2016
4,814 Direct
New Jobs were 8,380 brought to 7,047 the region
5,131 5,098 4,814
OA 2.0 3,779 3,128 OA 3.0
547
2009 2010 2011 2012 2013 2014 2015 2016 10 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
INNOVATION
2016 A-List Winners
EMERGING GROWTH Received less than $1M in funding or Received funding between $1M-$10M revenue under $1M or revenue of $1M-$20M
EMBARK VETERINARY IDEALSPOT ESO SOLUTIONS Leverages the newest DNA, A commercial real estate Builds software that helps tech, and biotech technologies application that matches tenants healthcare and public safety to provide owners and to their ideal locations and building professionals improve community veterinarians individualized pet owners and managers to their health through the power of data. care products and services. ideal tenants by applying machine- learning, predictive algorithms FIREFLY SPACE SYSTEMS to real-time market data. FACTOM A satellite launch company Brings honesty and transparency that provides low-cost, high to data systems using the block RE:3D performance space launch chain. With their tools, you can Gigabot, re:3D’s flagship capability for the underserved publish a mathematical proof technology, enables industrial small satellite market, where for any event or record. strength, large format 3D printing secondary payload launches at an affordable price point. are often the only option.
NSS LABS A world leading security product testing laboratory, offering in-depth security product test reports, research, and analyst services.
OJO LABS A world class team of engineers, data scientists, product gurus, and proven entrepreneurs who are building an artificial intelligence technology that replicates, adapts, and scales human conversations. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 11
SCALE Received funding above $10M or revenue of $20M+
THE ZEBRA CIVITAS LEARNING A car insurance comparison Provides a scalable analytics marketplace and digital agency. infrastructure for colleges With just a zip code and car model, and universities to transform drivers can shop quotes in real disconnected data into time from over 200 insurance actionable insights that help companies, learn about coverage every student succeed. options, and secure policies. MODERNIZE TRENDKITE Connects homeowners with the Helps PR professionals build best pros specializing in four areas a timely, highly accurate of exterior home improvements: picture of their brands’ media solar panel installations, roofing coverage with ease. repair and installation, window replacement and HVAC solutions.
Funding Activity Dollars Deals
$1,092.0M
$858.7M $834.0M $756.7M $606.2M
98 124 129 121 112
2012 2013 2014 2015 2016 TALENT 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 13
EDUCATION
DTC70 Partnership Highlights
National Recognition Improvement in Student Summer Melt Program Financial Aid Awards, Expands Support to The Austin Chamber and its Research Shows 10,000 Graduates partners are working to achieve our goal of a regional 70 percent Over the last two years, national To remove college enrollment direct to college enrollment researchers from leading barriers, last summer DTC70 rate. The partnership has been universities partnered with the partners in nine school districts recognized by the White Austin Chamber and eight local supported 10,000 high school House, ACCE, and NLC as a school districts to conduct a graduates. The collaboration best practice or strong regional study on the effectiveness of provided ground-breaking, real- model in 2015 and 2016. text messaging campaigns on time data on student completion FAFSA filings. They recently status of key Austin Community released a study finding that College enrollment milestones when Texas students were to school district counselors, to reminded by text message to more effectively target assistance. complete key college financial Counselors also supported aid completion steps, they filed students heading to other in/ their FAFSA earlier and received out of state colleges. Harvard up to $2000 in additional aid. University and UT-Austin Ray Marshall Center evaluations demonstrated DTC70 partners improved direct college enrollment rates for first generation, low income and underrepresented students who received summer college transition support by four to ten percentage points. 14 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
DTC70 ISD Partners Led State on FAFSA filings
Record Class of 2016 FAFSA filing rate. 80 percent of high school seniors who submit their Our volunteers worked with 16,000 FAFSA directly enroll in college. For over a decade, high school students and their the Austin Chamber has worked with districts, parents to complete the FAFSA businesses and over 150 volunteers to assist families which resulted in over $130 in the FAFSA completion process through its million in financial aid through the Financial Aid Saturdays Program. This past spring, Financial Aid Saturdays program. DTC70 partner districts achieved a 50 percent Q1 FAFSA filing rate for the Class of 2016 and topped the state in first-time FAFSA filings for this period.
College In Sight
The Chamber helped to create CollegeinSight.com in 2016 to make it even easier for students and families to pay for college, especially with new advance filing deadlines.
FINANCIAL AID IS CLOSER THAN YOU THINK 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 15
Q1 First-Time FAFSA Filings
12,319 11,504 11,507 11,277 11,123 11,204 10,361
8,604
6,713 5,579 5,662
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Financial Impact of FAFSA Filings Based on Average Aid Award
$133M $124.2M $124.3M $121.8M $120.1M $121M $111.9M
$77.4M
$60.4M $50.2M $51M
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Source: U.S. Department of Education PLACE 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 17
TRANSPORTATION & INFRASTRUCTURE
Transportation Bond Package
Austin voters approved largest bond package in history of Austin
The Chamber, with financial corridors; and $137 million support from Opportunity Austin for local streets, pedestrian investors, worked together with the and bicycling infrastructure, Mayor, business, active transit and and safety programs. bicycle advocacy groups to raise $1 Since Opportunity Austin began, million to ensure the largest single our transportation advocacy transportation bond in Austin’s efforts, along with others, history passed overwhelmingly. have now resulted in more This has already leveraged an than $7 billion in funded road additional quarter billion dollars infrastructure projects either from TXDOT for Highway 360. completed, under construction, Austin Voters approved the $720 or will begin construction soon. million roads-focused mobility bond package in November 2016 with 59.1% of the vote (passed by about 20 points) in favor of moving Austin forward. The important bond package was four times larger than any transportation bond previously approved in the City of Austin.
The bond plan includes spending in three separate buckets: $101 million for suburban highway and road projects; $482 million for investments along identified and to-be-determined 18 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Austin Energy Air Services Rate Settlement Through our Air Services Task Force, we continue We advocated on behalf of work throughout the year to members to propose new energy further expand international rates to help the business non-stop flight options for community and consumers. This Austin, such as Frankfurt, led to the Austin Energy rate case Germany; and Guadalajara settlement, approved by Austin and Mexico City, Mexico. City Council, which cut base electric rates paid by almost all AUS continues to enjoy a healthy customers, including large and mix of air service offerings. There small businesses, starting on are 60 nonstop destinations, January 1, 2017. Through a yearlong up from 51 last year, including process, the city-owned utility seasonal and announced services. worked with two-dozen parties to British Airways added a first class reduce Austin Energy’s revenue by option to London-Heathrow with a total of $42.5 million. Included in the Boeing 787-9 aircraft, and that was a reduction in commercial the flight performance continues rates by about $37.5 million. to exceed expectations. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 19
Austin is the Best Place for Small Business in the U.S.
American City Business Journals
Austin is No. 1 on Kauffman Index of Startup Activity.
Kauffman Foundation
Austin tops “America’s Cities of the Future” ranking of cities most likely to prosper over the next decade.
Forbes OA 3.0 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 21
FINANCIALS
PROGRAM EXPENSES TO DATE (2014-2016) 5 YEAR PLAN $10,947,277 TOTAL $20,000,000 TOTAL
ECONOMY (Recruiting, Business Retention & Expansion, Technology) $5,554,649 $9,706,929
TALENT (Education/Talent Attraction) $3,470,680 $6,159,590
$922,477
PLACE (Advocacy, Mobility, Infrastructure) $2,517,053
$639,545
INVESTOR RELATIONS
$1,066,429
$359,926
OPPORTUNITY FUND
$550,000 22 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
MID-COURSE ASSESSMENT
Opportunity Austin 3.0
In September of 2016, Market Street Services For this effort, quantitative data was married with provided a detailed assessment of programming qualitative input from top Chamber leaders and staff for the purpose of reviewing progress and and representative from public and private partner recommending adjustments since the start of entities. These included 15 interviews, two focus Opportunity Austin 3.0 in 2014. groups, and an online survey of OA investors and partners that garnered nearly 100 responses.
Key Assessment findings
Overall rankings show that Greater Austin has Opportunity Austin’s six target sectors have maintained its position as one of the nation’s experienced considerable growth over the last top performing metropolitan areas. Across six five years. Compared to its peer metros, greater key areas that measure greater Austin’s economic Austin ranked first in employment growth in all but entrepreneurship, business climate, quality of place, three sectors: advanced manufacturing, creative and overall performance, the Austin region finished at and digital media, and corporate and regional or near the top of the rankings. headquarters. Overall, employment in Opportunity Austin’s target sectors grew by 33.4% – adding nearly Greater Austin’s private sector employment growth 33,000 jobs to the regional economy since 2010. outpaced all of its peers over a one- and five- year period. From 2010 to 2015 the region added Greater Austin is making strides in its efforts to approximately 170,000 private sector jobs – a gain of slow the rise of poverty. While the region’s total 25.5%. Only San Jose (20.5%) saw five-year job growth and youth poverty rates still rank among the top above 20 percent. Likewise, year-over-year job growth third of comparison geographies, poverty in both in greater Austin (3.7%) outpaced all of its peer metros categories rose at slower rates than all but two – only Raleigh (3.2%) and San Jose (3.1%) experienced competitor metros in the previous five-year period. year-over-year growth above three percent. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 23
Transportation is a key competitive concern Entrepreneurship is thriving in the greater Austin for the greater Austin region. Public input region. Whether it is academic spending on research participants frequently cited greater Austin’s and development or the percentage of greater growing congestion as undermining business Austin area workers who were self-employed, the competitiveness and diminishing the region’s quality regional innovation and entrepreneurship ecosystem of life. Various data measuring congestion and ranked favorably against many of its peer metros. As commute time substantiate stakeholder concern. new startups continue to fuel growth, Opportunity As was highlighted by stakeholders during public Austin has the potential to elevate its visibility input, addressing greater Austin’s transportation and continue to expand its ecosystem through challenges will require public and private consensus investments in South by Southwest Interactive, around both short- and long-term solutions. Innovate Austin, and Austin A-initiatives.
Greater Austin’s population growth over the last five Opportunity Austin, the Austin Chamber, and the years is the fastest among its competitor metros. regional business community face a challenging Over a five-year period (2010-2015), the greater political landscape in the City of Austin. While Austin region added roughly 270,000 new residents. many feel that the shift demands the business Domestic and international migration continues community’s voice grow louder, others feel outreach to be a driving force propelling growth in greater and advocacy efforts must be more nuanced, Austin. From 2010 to 2015, the region attracted nearly inclusive and acknowledge that there is a “new day” 200,000 net domestic and international migrants. for economic development within the city of Austin.
Despite greater Austin’s ability to attract and retain talent, workforce shortages in particular skills sets are a persistent challenge. While the Austin Chamber’s partnership with the education community is cited as a model to follow, stakeholders noted that the Chamber’s approach to workforce development may be due for adjustment. 24 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
REGIONAL PARTNERS
2016 Highlights
Austin Bastrop
• Austin-based Indeed plans to • Single-family housing hire 1,000 additional employees. permits hit five-year high in Indeed moved into a new the Greater Bastrop area. building in Northwest Austin, as • AEI Technology to relocate well additional space Downtown. medical device headquarters • Another half dozen employers and assembly operations to announce new or expanded Bastrop Business Industrial Park. operations each creating 500 • Bastrop EDC acquires a or more jobs including Amazon, downtown Bastrop property Apple, Facebook, Home Depot to develop as mixed- and Superior HealthPlan. use retail/office infill. • Samsung Semiconductor announces plans to invest • Hunter’s Crossing announces another $1 billion in its Austin new 182-unit multi- manufacturing facilities and add family development. hundreds of new jobs.
Buda Cedar Park Elgin
• Deep Eddy closes on a 197,000 • TIG Real Estate completes • Elgin City Council approves square foot manufacturing two spec buildings (25,000 the construction of a new facility in Buda. & 30,000 square feet) in five lane boulevard to open Scottsdale Crossing. up an area along highway • Chip Semiconductor 290 for retail, residential and constructs a new 45,000 • Comprehensive Healthcare business development. square foot facility in Buda. Management relocates their headquarters creating 50 jobs. • ATX Jerky locates to Elgin • Speed Tech Lights expands with creating 7 new jobs. an additional 25,000 square feet. • Industrial Group Southwest breaks ground on 230,000 • A new job grants program • Two Wheel Brewing Company square feet of spec office/ to assist new and moves into 10,000 square feet. logistics/manufacturing space. existing businesses. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 25
Georgetown Hutto Jarrell
• Opens its first EB-5 project, • H-E-B anchors master- • Sun Fresh Markets breaks the Sheraton Georgetown planned retail development ground on 28,000 Sq. ft. grocery Hotel & Conference Center. completed in just 7 months. store in Jarrell Town Center.
• Georgetown is ranked the • A 150% increase in site • Tractor Supply to open in late fastest-growing city in 2016 visits last year confirms new 2017 in Jarrell Town Center. with a population of 50,000+. development is coming our way. • Major infrastructure • Rentsch Brewery, Georgetown’s • Ranks #2 Safest City in Texas. improvements: new interstate first micro-brewery, expands overpass at Bud Stockton • City Council makes economic in 2016 to increase production Loop, increased water storage by 10-fold and to add canning. development the #1 priority. capacity and added ground storage water capacity.
Kyle Leander Lockhart
• High tech manufacturer, RSI Inc., • Austin Community College • Lockhart attracts 3 industrial announces expansion bringing breaks ground on 100-acre projects adding over 100 jobs. 82 more jobs to the city. Transit Oriented District (TOD) • SH-130/FM-142 west of Lockhart campus; Classes begin fall 2018. • Kyle annexes 7,000 acres in the historic district attracts over $30 Summer of 2016, increasing the • St. David’s Hospital commits million of new capital investment city limits by 50%. to build a 51-acre health including healthcare, logistics service campus in the TOD. and new housing projects. • Austin Community College Hays Campus in Kyle announces • The city initiates small • The “BBQ Capital of Texas” $22.4 million expansion that business grant program for continues to attract over includes a first responders Old Town development with 1 million tourists annually. training center. three grants awarded. 26 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Pflugerville Round Rock San Marcos
• EOS, an industrial 3D • New $350 million Kalahari • Amazon opens new manufacturing company, Resort to provide 975 hotel 855,000-square-foot locates their North American rooms and 150,000 square fulfillment center creating headquarters to Pflugerville foot convention center. over 1,000 new jobs. creating 75 jobs. • UPS to invest $70 million to • Best Buy opens its first and • Medway Plastics locates their construct a new distribution only Texas E-Commerce Sales southwest manufacturing plant center in Round Rock. Operation Center in San Marcos. and R&D lab to Pflugerville. • Insys Therapeutics completes • Forbes hails Austin-San • Living Spaces to construct a third expansion with additional Antonio MSAs as America’s 650,000 square foot fulfillment 30,000 square foot building Next Great Metropolis centered center creating 100 jobs. and $20 million investment on San Marcos region. in new equipment.
Taylor West Lake Hills, Rollingwood & West • Noren Products relocates from Travis County CA and constructing a 35,000 square foot headquarters • Two Class A office buildings providing 75 new jobs. under construction at Overlook at Barton Creek and at Walsh • Summit Manufacturing to Tarlton Overlook, and 189 construct a 44,000 square foot townhomes under construction facility providing 75 new jobs. at The Walsh. • Texas Beer Company opens • Eanes ISD and all 9 schools a brew pub in downtown and recieve top rankings by research to construct a manufacturing site Niche, including Westlake facility with national distribution. H.S. named 4th best high school in Texas. Eanes ISD was 2nd in the nation, No. 1 in the state. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 27
2016 BOARD
Chairman Terms Expiring Terms Expiring Terms Expiring Phil Wilson December 31, 2016 December 31, 2017 December 31, 2018 General Manager Paul Bury Mark Curry Tim Crowley Lower Colorado River Community Bank Regional President – Authority (LCRA) Gary Farmer President Austin Region President Vice Chairman Wells Fargo Frost Heritage Title Company Kerry Hall Casey Dobson Matthew Dow President – Austin Region Rob Golding Partner Partner Texas Capital Bank Principal Scott, Douglass & Jackson Walker LLP Boyd Creek Capital Treasurer McConnico Greg Fenves Donnie Williams Kerry Hall Adam Hauser President President/Austin Area President – Austin Region President & CEO The University of Texas at Sovereign Bank Texas Capital Bank Meals on Wheels & More Austin General Counsel/ David Huffstutler Jim Jarrett Laura Gottesman Assistant Secretary President/CEO Vice President - Owner Matthew Dow St. David’s HealthCare Operations Gottesman Residential Partner Texas Gas Service Real Estate Jackson Walker LLP Bart Matheney Principal Chuck Lipscomb Tim Hendricks President/Secretary AQUILA Commercial Vice President – Business Senior Vice President Mike Rollins Development Director Cousins Properties LP President Donnie Williams President/Austin Area JE Dunn Construction Greater Austin Chamber Joe Holt Sovereign Bank of Commerce Elysia Ragusa Chairman, Austin Region Austin Chamber Howard Yancy International Director JPMorgan Chase Bank President Jones Lang LaSalle Chairman Chad Marsh Zydeco Development Tony Budet Don Reese Managing Principal President/CEO Principal/President Endeavor Real Estate University Federal Credit Riverside Resources Group Union Richard Ridings Rick Whiteley Chamber Immediate Vice President Executive Director Past Chair HNTB Corporation Cushman & Wakefield Gene Austin CEO Pete Winstead Bazaarvoice Shareholder Winstead PC
Director Emeritus Pike Powers 28 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
INVESTORS
Lead Investors $100,000 and up ($20,000 minimum/year)
3M Cushman & Wakefield
AQUILA Commercial, LLC Cypress Real Estate Advisors, Inc.
Armbrust & Brown, PLLC D.R. Horton – Austin
Austin American-Statesman Data Foundry
Austin Board of Realtors Delaware North Companies
Austin Commercial, LP Dimensional Fund Advisors, LP
Austin Community College District DivcoWest Services LLC
Avison Young Downtown Austin Alliance
Baker Botts, LLP DPR Construction
Bank of America Dynamic Systems, Inc.
BBVA Compass Edgenuity
The Beck Group Endeavor Real Estate Group
Benchmark Development & Momark Development Forestar Group, Inc.
Brandywine Realty Trust Friends of Austin Opera
Brookfield Residential Frost
Capital Metropolitan Transportation Authority Garza EMC
CapRidge Partners, LLC Goveia Commercial Real Estate
CBRE, Inc. & Trammell Crow Company Graves, Dougherty, Hearon & Moody, PC
Central Texas Regional Mobility Authority Greenberg Traurig, LLP
Cielo Property Group Hanger, Inc.
Cintra US H-E-B Austin Regional Office
Circuit of the Americas Hensel Phelps Construction Company
City of Austin / Austin Energy Heritage Title Company of Austin
CleanScapes, LP HFF
Clinical Pathology Laboratories, Inc. Hill & Wilkinson Construction Group
Cousins Properties LP HNTB Corporation 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 29
HPI Real Estate Services and Investments Samsung Austin Semiconductor
Husch Blackwell, LLP Scott, Douglass & McConnico, LLP
IBC Bank Seton Healthcare Family
Independence Title Silverback Enterprise Group
Jackson Walker, LLP Simon Property Group
JE Dunn Construction Sovereign Bank
JMI Realty SpawGlass Contractors, Inc.
JPMorgan Chase Spear Street Capital
Kuper Sotheby’s International Realty Spire Realty Group, LP
Lincoln Property Company St. David’s HealthCare
Live Oak – Gottesman Stantec
Locke Lord, LLP Stratus Properties
Lower Colorado River Authority Stream Realty Partners – Austin, LP
Maxwell Locke & Ritter LLP / ML&R Wealth Tenura Holdings, Inc. Management Texas Gas Service MET Center / Zydeco Development Texas Mutual Insurance Company Milestone Community Builders, LLC & Topfer Family Texas State University Foundation TIER REIT, Inc. Newmark Grubb Knight Frank United Heritage Credit Union Norton Rose Fulbright University Federal Credit Union NXP Semiconductors The University of Texas at Austin Professional Janitorial Service Wells Fargo Randolph-Brooks Federal Credit Union (RBFCU) White Construction Company RANGER Excavating, LP Winstead PC Real Estate Council of Austin, Inc. WP Glimcher Riverside Resources 30 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Advanced Investors $50,000 to $99,999 ($10,000 minimum/year)
ABC Home & Commercial Services Howdy Honda
American Bank, NA Hutto Economic Development Corporation
American Campus Communities Intertech Flooring
AT&T JLL
Austin Regional Clinic Kinnser Software
Bartlett Cocke General Contractors LegalZoom
Bastrop Economic Development Corporation Luminex Corporation
Bazaarvoice Metcalfe Wolff Stuart & Williams, LLP
Berkadia Commercial Mortgage LLC Moore & Associates, Inc.
Capital One Bank Munday Enterprises
Capitol Anesthesiology Association nFusion
Catellus Development Corporation Pflugerville Community Development Corporation
Cenpatico PlainsCapital Bank
Charter Communications Regions Bank
Cirrus Logic Round Rock Chamber
City of Georgetown- Economic Development Schlosser Development Corporation Department Slack & Davis, LLP Comerica Bank STG Design, Inc. Cypress Semiconductor Swinerton Builders Deloitte, LLP Taylor Economic Development Corporation DLA Piper, LLP (US) Terracon Consultants First State Bank Central Texas Texas Capital Bank Gemalto Tokyo Electron US Holdings Greater San Marcos Partnership TRANSWESTERN GSC Architects Vinson & Elkins LLP HDR Engineering, Inc. Workplace Resource HID Global Wortham Insurance & Risk Management Hilton Austin Zapalac/Reed Construction Company, L.P. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 31
Investors Up to $49,000 ($9,999 maximum/year)
360 Electrical Contractors, Inc. Bay & Associates, Inc.
9Gauge Partners, LLC BB&T
A+ Federal Credit Union Mr. Rudy Belton/Belco Equities, Inc.
Active Power Benchmark Bank
ADP Bergelectric Corporation
Airco Mechanical, Ltd. Berkshire Realty Holdings, LP
Amelia Bullock Realtors, Inc. Biggs Plumbing and Mechanical Inc.
American Bank of Commerce Blazier, Christensen, Browder & Virr, P.C.
American Constructors, Inc. Bonner Carrington LLC
AmeriFirst Insurance Agency, LLC Borgelt Law
Ameripro Funding, Inc. The Brandt Companies, LLC
Amplify Federal Credit Union Bridgepoint Consulting, LLC anthonyBarnum Public Relations, LLC Broaddus & Associates
Applied Materials, Inc. Broadway Bank
Approved By Jake Buda Economic Development Corporation
ARA, A Newmark Company Buena Vista Foundation
Ardent Residential Buffington Homes
Asuragen, Inc. BuildASign
Austin Business Journal Burks Digital Reprographics
Austin Convention & Visitors Bureau, Inc. The Burt Group
Austin Hotel & Lodging Association CalAtlantic Homes
Austin Ventures CAM-I
Baker Drywall Austin Capform, Inc.
Balcones Resources Capital Pumping, LP
Ball Peoples Capitol Chevrolet
BancVue Cappello Capital Corporation
Bank SNB Cardno Haynes Whaley
Barshop & Oles Company Carollo Engineers, Inc. 32 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Carr, Riggs & Ingram, LLC Elizabeth Christian Public Relations, LLC
Catapult Systems, LLC Ellis & Salazar Garage and Body Shop
Cedar Park Economic Development Corporation Emerson Process Management
Central National Bank Enoch Kever, PLLC
Christianson Air Conditioning & Plumbing, LLC Equitable Commercial Realty (ECR)
City of Kyle Ernst & Young, LLP
City of Leander ETS-Lindgren
CLS Partners Farmers Insurance Group of Companies
Coleman & Associates First United Bank
Community Impact Newspaper Flieller, Kruger, Skelton & Plyler, PLLC
Concordia University Texas Flynn Construction, Inc.
Cathy Coneway, Stanberry & Associates Focus Strategies Investment Banking
Mr. Jimbo Cotton Four Seasons Hotel Austin
CTA Architects & Engineers FourT Realty
Customer Research International Fox Service Company
CWS Apartment Homes Mr. Jerry M. Frey
CWS Corporate Housing Frost Insurance
Danze & Davis Architects, Inc. Gensler
David Petrick Company, Inc. Glass & Company, Certified Public Accountants, PC
David Weekley Homes Google, Inc.
DCA Construction, LP Gottesman Residential Real Estate
Documation Grande Communications
Dominion Advisors Granite Properties of Texas
Don Hewlett Chevrolet Buick Inc. Gray Engineering, Inc.
Door Number 3 A Greater Austin Development Company, Ltd.
Doucet & Associates Group Solutions RJW
DuBois Bryant & Campbell GSD&M
Elgin Economic Development Corporation Haegelin Construction Company, Ltd. 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 33
Hagler & Kerr, LLC K Friese & Associates
Hahn Public Communications Karlin Real Estate
Harvey-Cleary Builders Kennedy Wilson Austin, Inc.
Hawkeye Partners, LP KEYE-TV Channel 42/CBS
HealthCare Facilities Development Corporation Kimley-Horn and Associates, Inc.
Heldenfels Enterprises, Inc. KMD Studley
Higginbotham Knight Office Solutions of Austin
Highland Resources, Inc. KPMG LLP
Hill Country Electric Supply Land Strategies, Inc.
The Historic Norwood Tower Larry Peel Company
Holtzman Partners, LLP LASCO Acoustics and Drywall, Inc.
Home Builders Association of Greater Austin LEDIC Realty Company, LLC
Horizon Bank Lennar Homes
The HT Group LNV, Inc.
Hulsey Hunt IP Lawyers Lockhart Economic Development Corporation (LEDC)
Huston-Tillotson University Lott Brothers Construction Company, Ltd.
Hyatt Regency Austin Luther King Capital Management
ICON Plumbing, Heating & Air LTD The Marek Companies
Imagecraft Exhibits Marsh & McLennan Agency
Independent Bank Mathias Partners Commercial Real Estate
Investors Alliance, Inc. McGarrah Jessee
Ironwood Real Estate McGuyer Homebuilders, Inc. “MHI”
J.R. Schneider Construction McKinney Drilling Company
Jack Nash & Wayne Burklund McLean & Howard, LLP
Jarrell Economic Development Corporation Meador & Jones
JMEG, LP Mechanical Reps, Inc.
Jones & Carter, Inc. Moreland Properties
Journeyman Construction, Inc. Morrison & Head, LP 34 2016 OPPORTUNITY AUSTIN ANNUAL REPORT
Mtech/Comfort Systems USA SACHEM, Inc.
Northstar Fire Protection Saunders, Norval, Pargaman & Atkins, LLP
The Nyle Maxwell Family of Dealerships Seaholm Power, LLC Commercial Developer
O’Connell Robertson Siemens Industry, Inc.
Oden Hughes, LLC Silicon Valley Bank
Office Furniture NOW! SkylesBayne Company
Pape-Dawson Engineers, Inc. Santa Rita Ranch
Pfluger Associates Architects Southside Bank
PMB Helin Donovan, LLP Staats Falkenberg & Partners, Inc.
Post Properties, Inc. The Steam Team Cleaning and Restoration
Private Label Realty Stellargy Services, LLC
Prosperity Bank Steve T. Matthews Company
Protocol & Etiquette Worldwide / Sharon Schweitzer Stewart Title of Austin, LLC
PulteGroup Strait Music Company
R & R Limousine & Bus Studio 8 Architects, Inc.
Realty Austin Summit Commercial
Reliant Title TBG Partners, Inc.
Rhode Partners TDIndustries
Rifeline Teeple Partners, Inc.
RKB Contractors, Inc. Terry McDaniel & Company - Investment Counsel
Rockford Business Interiors Texas Document Solutions, Inc.
Rogers-O’Brien Construction Company Texas DPS Credit Union
Rollingwood Community Development Corporation Texas Engineering Solutions
RPS Klotz Associates Texas Realty Capital, LP
RS&H Thomas Graphics, Inc.
Ryan Companies US, Inc. Robert & Amy Thomas
Sabre Commercial, Inc. Thrive, FP 2016 OPPORTUNITY AUSTIN ANNUAL REPORT 35
ThyssenKrupp Elevators America
TIG Real Estate Services Inc. Time Insurance Agency, Inc. Austin is the No. 2 Best- Titus Electrical Contracting, LP, a Division of the Titus Performing City in annual Industrial Group assessment of Where Tramor Properties America’s Jobs are Trinity Real Estate Finance Created & Sustained. TyRex Group, Ltd. Milken Institute United Commercial Realty
Urbanspace Real Estate + Interiors vcfo, Inc. Austin is America’s Walmart Fastest-Growing City. Walters Southwest Forbes Watkins Insurance Group
Wattinger Company, Inc. Weaver Austin is America’s Best Wes Peoples Homes Place to Start a Business. Westlake Chamber of Commerce CNBC Yellow Cab Austin
As of December 1, 2016. Austin is No. 2 on global ranking of the Top cities to Live & Work in Tech.
Fast Company OPPORTUNITY AUSTIN
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