Austin, Texas - Microsoft · Austin, Texas International City #1 Boom Town ... BioTech and Tech...
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Austin, Texas International City #1 Boom Town - Forbes #2 Top Tech City to Move to in 2016 - Huffington Post #2 2015 America’s Fastest-Growing Cities -Forbes #5 Among America’s Most Future-Ready Cities - Harvard University Directly Connected Ausn Bergstrom Internaonal Airport London Frankfurt Miami Toronto 22.3% International Trade Share rank across 100 metros: 9 -Brookings Instute Cost Corporate Highest Individual of Living Tax Rate Income Tax Rate Index Ausn Denver Ft. Lauderdale San Francisco New York City Salt Lake City 96 109.6 114.2 176.4 227.4 96.4 0.75% 4.63% 5.50% 8.84% 7.10% 5.00% Zero 4.63% Zero 12.30% 8.82% 5.00% You know Austin as the “Live Music Capital of the World,” and it is. Yes, our residents are music-loving, arsc, and creave types. We are also proven business innovators, as evidenced in our technology industry, where we are home to tech start-ups like Indeed, Bazaarvoice, and RetailMeNot. These companies represent themes consistent with Ausn business culture: entrepreneurship, diversity, and hard work. 47% of residents have post-secondary education Residents are young and vibrant with a median age of 31.5
Transcript of Austin, Texas - Microsoft · Austin, Texas International City #1 Boom Town ... BioTech and Tech...
Austin, TexasInternational City
#1 Boom Town - Forbes
#2 Top Tech City to Move to in 2016 - Huffington Post
#2 2015 America’s Fastest-Growing Cities -Forbes #5 Among America’s Most Future-Ready Cities - Harvard University
Directly Connected Austin Bergstrom International Airport London FrankfurtMiamiToronto
22.3%International Trade Sharerank across 100 metros: 9-Brookings Institute
Cost Corporate Highest Individual of Living Tax Rate Income Tax Rate Index
Austin
Denver
Ft. Lauderdale
San Francisco
New York City
Salt Lake City
96
109.6
114.2
176.4
227.4
96.4
0.75%
4.63%
5.50%
8.84%
7.10%
5.00%
Zero
4.63%
Zero
12.30%
8.82%
5.00%
You know Austin as the “Live Music Capital of the World,” and it is. Yes, our residents are music-loving, artistic, and creative types. We are also proven business innovators, as evidenced in our technology industry, where we are home to tech start-ups like Indeed, Bazaarvoice, and RetailMeNot. These companies represent themes consistent with Austin business culture: entrepreneurship, diversity, and hard work.
47% of residents have post-secondary education Residents are young and vibrant with a median age of 31.5
Mega EventsWe are a hub for international economic activity. Conferences and events such as SXSW, MotoGP, Austin City Limits, X Games and Circuit of the Americas’ Formula 1 United States Grand Prix attract millions of dollars into the local economy. International acclaim, repeated event record attendance, and a continuous stream of workforce talent are only a few of the reasons to invest in Austin.
Plug In
State Incentives Texas Enterprise Zone - for local job creation and capital investment in economically distressed areas Skills Development Fund - customized training for businesses to increase skill levels and wages Research & Development Credit - sales or franchise tax exemption for engagment in qualified research Renewable Energy - property or franchise tax exemption on renewable energy production and distribution Moving Image Industry Incentive Program - payroll tax deductions for qualified film projects
Research & DevelopmentUNIVERSITY OF TEXAS AT AUSTIN
1.96 km2 of Research Facilities Including:
30 Austin Research SitesDell Medical School
Austin Technology Incubator Microelectronics Research Center
#1 Producing City for Patents in TX
100,000+ sq ft of Austin Film Studios
Economic Development DepartmentGlobal Business Recruitment & Expansion
Formula One
SXSW
MotoGP
X Games
Austin City Limits
Lonestar Le Mans
$1.4 BILLION
1.2 MILLION ATTENDEES
Choose a sector and we will show you innovation, investment opportunity and return of more than dollars: a quality of life that compares to none other in the world.
City Services help you grow your company or expand your investment portfolio. Looking for office space for your start-up? Ask us about our Reciprocal Soft Landing Pads Program.
Struggling to determine which permits you need for your organization? Contact us and we will share BizAid resources.
Needing guidance for your growing workforce? Take us up on our expert business education training and workforce network.
Hiring a crew to launch your next digital media project? Ask us about our Creative Content Program.
CLEAN ENERGY & POWER TECHNOLOGY
Consists of clean/renewable energy technologies, storages/efficiency & management technologies, green industries, and traditional energy.
SAMPLE JOBS AND WAGESHydrologist: Entry: $52,823 Median: $72,141
Environmental Science and Protection Technician Entry: $30,150 Median: $47,523
ADVANCED MANUFACTURING
Consists of research and development/engineering centers, high tech manufacturing (esp. semiconductor, computer & electronics), and general manufacturing facilities.
SAMPLE JOBS AND WAGES
Electrical engineering technician Entry: $64,463 Median: $93,368
Electromechanical equipment assembler: Entry: $20,426 Median: $25,351
OPPORTUNITY AUSTIN TARGETED INDUSTRY SECTORS
Electric and Electric equipment assembler: Entry:$20,429 Median: $25,351
Semiconductor processor: Entry: $23,035 Median: $36,526
Machinists Entry: $29,111 Median: $44,136
Civil Engineer Entry: $64,465 Median: $88,605 Experience: $109,386
Natural Science Manager Entry:$91,440 Median: $116,572
Materials Scientist Entry: $57,862 Median: $79,707
Computer Programmer Entry: $56,116 Median: $79,210
Sound Engineering Technician Entry: $27,686 Median: $51,255
Software Developer, Applications Entry: $65,220 Median: $95,239
CREATIVE & DIGITAL MEDIA
Consists of eCommerce and (mobile) payment technology, education technology, game and mobile app
development, hardware/enabling technology, music and film technology, social media and
digital content, software/information technology, and visual effects/common gateway interface
(CGI)/animation
SAMPLE JOBS AND WAGESWeb Developers Entry: $40,639 Median: $62,265
Software Developer, Systems Software Entry: $64,803 Median: $101,266
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OPPORTUNITY AUSTIN TARGETED INDUSTRY SECTORS
CORPORATE HEADQUARTERS & REGIONAL OFFICES
Targets industry-wide corporate headquarters and regional offices.
LIFE SCIENCES
Consists of pharmaceutical & biotech development, medical device, and healthcare information
technology
SAMPLE JOBS AND WAGESBiomedical Engineers Entry: $66,536 Median:$97,914
Biochemist and Biophysicist Entry: $55,461 Median: $72,009
Life, Physical, And Social Science Occupations Entry:$35,811 Median:$57,520
Medical and Clinical Laboratory Technologist Entry:$26,348 Median:$49,316
Biological Technician Entry: $31,255 Median: $44,039
SPACE TECHNOLOGY AND EXPLORATION
Consists of companies in the field of satellites, launch providers, spacecraft components, in-space services, software and robotics.
SAMPLE JOBS AND WAGESMechanical Engineers Entry: $59,748 Median:$82,563
Electrical Engineer Entry: $65,471 Median: $93,295
Aerospace Engineer Entry:$65,450 Median:$103,720
Aerospace Engineering and Operations Technician Entry:$49,760 Median:$62,680
COA ECONOMIC DEVELOPMENT DEPARTMENT ADDITIONAL TARGETED INDUSTRY SECTORS
FASHION
Engages all aspects of the fashion supply chain: design, manufacturing, and distribution.
SAMPLE JOBS AND WAGESSewing Machine Operators Entry: $17,361 Median:$22,667
Pressers, Textile, Garment, and Related Materials Entry: $17,001 Median:$19,536
Tailors, Dressmakers, and Custom Sewers
Entry: $16,975 Median: $23,801
Textile, Apparel, & Furnishings Workers Entry: $16,822 Median: $18,769
Wholesale and Retail Buyers Entry: $31,992 Median: $50,276
ADVANCED MANUFACTURING, DISTRIBUTION & LOGISTICS
Consists of organizations that are engaged across all arrangements in the intermodal supply chain.
SAMPLE JOBS AND WAGESTransportation, Storage & Distribution Managers Entry: $60,424 Median: $88,413
Wholesale and Retail Buyers Entry:$31,992 Median:$50,276
Transportation and Material Moving Occupations Entry:$18,240 Median:$27,052
Logistician Entry:$55,833 Median: $78,433
Shipping, Receiving, Traffic Clerks Entry:$19,360 Median: $26,773
CREATIVE SECTOR
The Creative Sector is defined by six broad categories of activity: music, film and visual media, gaming
and digital media, not-for profit arts groups, visual arts, and culture-related tourism
SAMPLE JOBS AND WAGESAudio and Video Equipment Technician Entry: $16,127 Median: $34,352
Camera Operators, Television, Video & Motion Picture Entry: $20,709 Median: $36,610
Sound Engineering Technician Entry: $27,686 Median: $51,255
Graphic Designer Entry: $31,969 Median: $43,595
Computer Programmer
Entry: $56,116 Median: $79,210
COA ECONOMIC DEVELOPMENT DEPARTMENT ADDITIONAL TARGETED INDUSTRY SECTORS
LIFE SCIENCES AND TECHNOLOGY INTEGRATION
Life Sciences consist of pharmaceutical & biotech development, medical device, and healthcare
information technology
SAMPLE JOBS AND WAGESBiomedical Engineers Entry: $66,536 Median:$97,914
Biochemist and Biophysicist Entry: $55,461 Median: $72,009
Life, Physical, And Social Science Occupations Entry:$35,811 Median:$57,520
Medical and Clinical Laboratory Technologist Entry:$26,348 Median:$49,316
Biological Technician Entry: $31,255 Median: $44,039
MOBILITY INNOVATIONS: AUTOMOTIVE & AEROSPACE
Leverages existing assets and anchor firms in the automotive and aerospace sectors to increase Austin’s presence in developing advanced technologies and manufacturing within the industry. Consists of companies in the field of satellites, launch providers, spacecraft components, in-space services, software, robotics, electrical power systems, renewable fuels, and engine control systems.
SAMPLE JOBS AND WAGESMechanical Engineers Entry: $59,748 Median:$82,563
Electrical Engineer Entry: $65,471 Median: $93,295
Aerospace Engineer Entry:$65,450 Median:$103,720
Aerospace Engineering and Operations Technician Entry:$49,760 Median:$62,680
Engine and Other Machine Assembler Entry: $24,947 Median: $37,718
FOOD SECTOR
Includes agriculture, food-related manufacturing & distribution, food consumed at home, eating& drinking places, and food waste.
SAMPLE JOBS AND WAGESBakers Entry: $18,918 Median: $23,622
Food Batchmakers Entry: $18,004 Median: $22,808
Food Preparation & Serving Related Workers Entry: $16,732 Median: $17,999
Food-Line Supervisor/Managers of Food Preparation Entry: $20,982 Median: $29,191
Food Service Managers Entry: $35,363 Median: $50,687
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ZERO WASTE
Comprises all efforts around recycling, remanufacturing, and reducing dependence on raw materials. The Department intends to focus efforts on industry that utilize recyclables as raw materials in the production of new products.
SAMPLE JOBS AND WAGESHydrologist: Entry: $52,823 Median: $72,141
Environmental Science and Protection Technician Entry: $30,150 Median: $47,523
Conveyor Operators and Tenders Entry: $26,313 Median: $29,571
Extruding, Forming, Pressing & Compacting Machine Settlers, Operators. & Tenders Entry: $20,664 Median: $28,032
Industrial Truck and Tractor Operators Entry: $20,466 Median:$27,631
COA ECONOMIC DEVELOPMENT DEPARTMENT ADDITIONAL TARGETED INDUSTRY SECTORS
City of Austin | Economic Development
Revised: 11/03/2015
3 Day Startup
3925 W Braker Lane, Austin, TX 78759 www.3daystartup.org
Focus: University Students
Austin Technology Incubator HUB Austin Coworking
West Pickle Research Center 3925 West Braker Lane, Austin, TX 78759 (512) 305-0000 www.ati.utexas.edu Focus: Biotech, Clean Energy, IT/Wireless, and Water Tech
Bunker Labs
701 Brazos Street, Ste 500, Austin, TX 78702
https://bunkerlabs.org/our-locations/austin/
Capital Factory
701 Brazos Street, Ste 500, Austin, TX 78757
www.capitalfactory.com
Focus: Tech
Economic Growth Business Incubator
1144 Airport Blvd, Ste 260, Austin, TX 78702
(512)928-2594 |[email protected]
www.egbi.org
Focus: Underrepresented entrepreneurs
EdTech Action
701 Brazos Street, Ste 500, Austin, TX 78757
http://www.edtechaustin.com/edtech-action-
incubator
Emergent Incubator
7500 Rialto Blvd, Bldg 2, Ste 260, Austin, TX
78738
(512)263-3232 | [email protected]
www.etibio.com
Focus: BioTech and Tech
Greater Austin WEN
www.wenbiz.org
Focus: not identified
IC2 Institute
2815 San Gabriel St.
Austin, Texas 78705
(512)560-3717 | [email protected]
http://ic2.utexas.edu/
Impact Hub Austin
411 W. Monroe St. Austin, Texas 78704
http://impacthubaustin.com/
Incubators & Accelerators in Austin
Incubators and Accelerators support entrepreneurs and their companies quickly advance
through various development stages. Often, but not always, Incubators and Accelerator programs
have access to investors and growth financing. The services provided by the Incubators and
Accelerators varies, and is best to inquire with each program. Please Note: The City of Austin is
unable to endorse, with the exception of the City of Austin Small Business Development Program’s
Business Solutions Center, the organizations listed below. In addition, this list may not contain all
available Incubators & Accelerators in the City of Austin.
City of Austin | Economic Development
Revised: 11/03/2015
IBM PartnerWorld
(800)426-9990
www.ibm.com/partnerworld
Focus: Tech
Impact Lab
http://www.impactlab.us/
International Accelerator
8121 Bee Cave Road, Ste 150, Austin, TX 78746
(512)225-9320 |
www.internationalaccelerator.com
Focus: International Founders
Pike Powers Laboratory & Center for
Commercialization Lab
3925 West Braker Lane, Austin, TX 78759
(512)782-9213 | [email protected]
www.pecanstreet.org
Focus: Water and Energy
SKU
620 Congress Avenue, Ste 320, Austin, TX 78701
www.sku.is
Focus: Consumer Products
SXSW Accelerator
400 Bowie Street, Austin, TX 78704
www.sxsw.com/interactive/accelerator
Focus: Tech
TechRanch
8920 Business Park Drive, Ste 250, Austin, TX
78759
www.techranchaustin.com
Focus: Tech and Global Scale
TechStars
(303)720-6559
www.techstars.com/programs/austin-program
Focus: Tech
Texas Life-Sciences Collaboration
Center
111 Cooperative Way, Ste 200, Georgetown, TX
(512)864-1891 |
www.texaslifesciences.org
Focus: BioTech
Texas Venture Labs
1900 University Avenue, Level M1, Austin, TX
78705
(512)232-78705 |[email protected]
www.mccombs.utexas.edu/centers/texas-
venture-labs
Focus: not identified
Thinktiv
1011 san Jacinto Blvd, Ste 202, Austin, TX 78701
(512)745-8100
www.thinktiv.com
Focus: not identified
Incubators & Accelerators in Austin cont’d
Incubators and Accelerators support entrepreneurs and their companies quickly advance
through various development stages. Often, but not always, Incubators and Accelerator programs
have access to investors and growth financing. The services provided by the Incubators and
Accelerators varies, and is best to inquire with each program. Please Note: The City of Austin is
unable to endorse, with the exception of the City of Austin Small Business Development Program’s
Business Solutions Center, the organizations listed below. In addition, this list may not contain all
available Incubators & Accelerators in the City of Austin.
City of Austin | Small Business Program
Revised: 11/02/2015
Coworking Spaces in Austin Co-working spaces offer small business owners a short term option for office space. This
provides the amenities of an office without the long term commitment found in traditional lease
agreements. During your time of need, these organizations can provide reasonable means to help fyou
get reestablished. Small business owners would be able to utilize the services of computer resources,
internet, conference room, and in some co-working establishments, free telephone services. Please
Note: The City of Austin is unable to endorse, with the exception of the City of Austin Small Business
Development Program’s Business Solutions Center, the organizations listed below. In addition, this list
may not contain all available co-working spaces in the City of Austin.
Small Business Program Createscape Coworking
505 Barton Springs Rd., 1st Floor Floor2108 M Franklin Ave., #100 Austin, TX 78704 Austin, TX 78723 (512) 974-7800 │ [email protected] (512) 524-0207 │ [email protected] http://SmallBizAustin.org http://createscapework.co/
ATX Hacker Space HUB Austin Coworking
9701 Dessau Rd., Bldg. 3 Ste. 304 706 W. Ben White Blvd., Ste. 230B Austin, TX 78754 Austin, TX 78704 (512) 501-6806 │ [email protected] (512)900-1482 │ [email protected] http://atxhackerspace.org/wiki/CoWorking http://hubaustin.com/
Center 61 Launch Lab Capital
2921 E. 17th Street, 2nd Floor 6805 N. Capital of TX HWY, Ste. 312 Austin, TX 78702 Austin, TX 78731 (512) 222-8761 │ [email protected] [email protected] http://www.center61.com http://www.launchlabcapital.com/
Chicon Collective Link Coworking
301 Chicon St., Ste. D 2700 W. Anderson Lane, Ste. 205 Austin, TX 78702 Austin, TX 78757 [email protected] (512) 814-5465 │ http://chicon.co/ http://www.linkcoworking.com/
CRAFT Makeshift ATX
1628 S. 1st Street 8204 N. Lamar, Ste. B16 Austin, TX 78704 Austin, TX 78753 [email protected] (512) 537-6146 │ [email protected] http://craft-austin.com/creative-coworking http://www.makeshiftatx.com
City of Austin | Small Business Program
Revised: 11/02/2015
Coworking Spaces (Continued) Page 2
Opportunity Space Vessel Coworking 2125 E. Cesar Chaves St. 500 E. Street Johns Ave., Ste. 2201 Austin, TX 78702 Austin, Austin TX 78752 (512) 271-2000 │ [email protected] (512) 381-7142 │ [email protected] http://opportunityspace.com/ http://www.vesselcoworking.com
Orange Coworking Vuka 2110 W. Slaughter Ln., #160 411 West Monroe Austin, TX 78748 Austin, TX 78704 (512) 522-7730 │ [email protected] (512) 761-3842 │ [email protected] http://www.orangecoworking.com http://www.vukaaustin.com/
Patch Work We Work 4600 Mueller Blvd., Ste. 1003 600 Congress Ave. Austin, TX 78723 Austin, TX 78701 (512) 200-3111 │ [email protected] (877) 819-4011 http://www.patchworkaustin.com https://www.wework.com/locations/austin/
Perch Coworking Fibercove 2235 E. 6th Street, Unit 7 1700 S. Lamar Blvd., Ste. 338 Austin, TX 78702 Austin, TX 78704 (512) 779-3046 │ [email protected] (512) 596-2683 │ [email protected] http://www.perchcoworking.com/ http://www.fibercove.com/en
Posh Urban Co-Lab 3027 N. Lamar Blvd., Ste. 202 1818 E 12th St Austin TX, 78705 Austin, TX 78702 (512) 696-1433 │ [email protected] http://www.urbanco-lab.com/ http://www.poshcoworking.com/
Somavida 1210 Rosewood Ave. Austin, TX 78702 (512) 628-1580 │ [email protected] http://www.somavida.net
Tech Ranch Austin 8920 Business Park Dr., Ste. 250 Austin, TX 78759 (512) 339-3242 │ [email protected] http://www.techranchaustin.com/
Foreign Trade Zones (FTZ) are areas physically located in the U.S. but considered outside of U.S. Customs territory. FTZ encourage investment in the U.S. and the creation of American jobs by equalizing the customs treatment of the U.S. activity with similar activities occurring offshore. In 2012, the Foreign Trade Zone of Central Texas (FTZ 183) received approval from the federal government to operate under streamlined procedures designed to make FTZ geographic approval much faster and less expensive for businesses who wish to utilize a FTZ. Under this alternative site framework designation, the entire Austin-Round Rock-San Marcos MSA (Bastrop, Caldwell, Hays, Travis and Williamson counties) has been preapproved by the federal government as FTZ eligible.
Overview
Elimination of Duties
When goods are manufactured into other products within the
FTZ, the importer may elect to pay the duty rate applicable to
either the imported part or the finished product, whichever is
lower.
Customs duties are eliminated entirely on goods/merchandise
re-exported either in their original form or as components of
finished products produced in the zone. Special rules apply for
manufactured goods leaving the US for Canada or Mexico. Duties
are also avoided on imported goods/merchandise which become
defective, damaged or obsolete. Duty may also be avoided or
reduced for waste or scrap.
Inverted Tariff Deferral of Duties
Inventory Tax Elimination
Inventory that has either been imported into a
zone or is being held in a zone for export is
exempt from personal property tax. Unlike
Freeport, there is no requirement on goods
leaving the State and how long goods may be
kept within a FTZ.
Customs duties on imported goods/
merchandise are paid only when merchandise
leaves the FTZ. This often provides companies
with significant operational cash flow relief.
Corporate Benefits from FTZ Designation FTZ enables approved companies to defer, reduce or eliminate U.S. Customs duties and inventory tax on merchandise
Reduction in Merchandise Processing Fee
CBP assesses a merchandise processing fee (MPF) for each
entry of merchandise into the US. FTZ regulations provide for
“weekly entry procedures” that combine FTZ activity into a single
Customs entry document. A single weekly entry is subject to only
one MPF, capped at $485. Assuming cap is reached, the annual
MPF payment in a FTZ is only $25,220.
Reduction in Brokerage Fees
Brokerage fees are normally negotiated and applied on a
per-transaction basis. The use of FTZ weekly entry procedures
reduces the amount of documentation filed with U.S. customs and
corresponding broker fees.
Additional Corporate Benefits
Elimination of Drawback
The duties paid on exported merchandise may be
refunded through a process called drawback.
Through the use of a FTZ, the need for drawback
process and cost may be eliminated.
Quota Alleviation
U.S. quota restrictions do not apply to merchandise
admitted to a FTZ. Most merchandise subject to
quota, may be held in FTZ, even if it is subject to
U.S. quota restriction. When the next quota
period opens, the merchandise may be shipped
into customs territory.
Additional Resources
Several existing industrial building and land sites within central Texas have been pre-designated as FTZ magnet sites. These
magnet site parks are open to multiple users, or build to suit end users. Magnet sites do not require an application to the
federal FTZ board, which allows companies to immediately start working on activation of the zone site with US Customs.
Magnet site activation in FTZ 183 must be completed prior to July 31, 2017. The most common activities in magnet sites are
warehousing and distribution.
Magnet Sites
Contact Information
Visit www.ftzcentraltexas.com for more information including:
Map of designated magnet sites in central Texas
FTZ Savings Calculator for Warehousing/Distribution Companies
FTZ Savings Calculator for Manufacturing Companies
FTZ Handbook (Ernst & Young LLP)
Ben Ramirez
Administrator, Foreign Trade Zone of Central Texas
(512) 595-0741
One Example of How FTZ Works
