A Texas City's Named One of the Most High-Tech Cities in the World, But it's Not the City You Think: The True Tomorrowland's a Surprise (2024)

FAQs

Which city in Texas has the most tech companies? ›

While a certain city tends to draw all the buzz as the top Texas tech hub — especially since Elon Musk moved there — Houston has just emerged as No. 1 in the Lone Star State regarding tech jobs.

A new report from Dice, an online platform for tech professionals, shows Houston No. 5 among major U.S. cities for the growth of tech job postings from the first half of 2021 to the first half of 2022. Houston, says the Dice report, registered an increase of 83% - making it tops in Texas.

The prominent business site ranks Dallas-Fort Worth as one of the most high-tech cities in the world – and it's the only Texas spot to make the cut.

Austin is the technological hub of Texas, boasting high wages and low unemployment. Austin's growing tech sector and diverse economy make it one of the biggest tech hubs in the US and an ideal spot to search for jobs.

Austin has been surging as one of the most popular tech hubs in the country for several years, and some experts already compare the city to Silicon Valley for its tech prowess.

1. Austin, Texas. For three years in a row (2019, 2020, and 2021), Austin has been ranked number one on CompTIA's Tech Town Index, and it's easy to see why. Over the last few years, some of the largest tech companies in the world have relocated or expanded to Austin, including Tesla, Apple, Google, and Amazon.

Austin already acts as a tech hub to some of the largest tech companies in the world. The world's largest tech companies, including NXP Semiconductor, Dell, Samsung, IBM, and Apple, employ 30,000 employees in Austin, and tech giants Amazon, Google, Facebook, and Apple have invested heavily in regional real estate.

With projects related to crucial tech resources like high-speed internet, Dallas continues to build connections within and between communities.

Is Houston a tech city? ›

Houston is among the leading U.S. cities when it comes to tech job growth, according to a new report.

Southlake has been named the richest city in Texas for 2023 in a recent study.

1) Texas has a thriving economy with a low unemployment rate. 2) The cost of doing business in Texas is very affordable. 3) Texas has a favorable tax climate for businesses. 4) The workforce in Texas is skilled and plentiful.

As of October 2022, Austin, Texas, was the second fastest-growing city in the United States. The American Growth Project report identified those booming cities based on “industry growth potential; labor flexibility and readiness; skills levels and gaps; and the urban/rural economic divide.”

Low Tax Rates & Tons of Business Incentives

The state of Texas has neither corporate or personal income tax — a boon for businesses and their employees. Business incentives range from sales tax and franchise tax exemptions for qualified businesses.

San Antonio's stature as a hub for cybersecurity is boosting its profile as a hub for tech employment. A new report from Dice, an online platform for tech professionals, shows San Antonio ranked sixth among major U.S. cities for the growth of tech job postings from the first half of 2021 to the first half of 2022.

Austin is also home to secondary offices of many of the largest tech companies in the world, including Google, Apple, Oracle, Amazon, Facebook and SpaceX. Venture capitalists from both coasts are also increasingly drawn to the city.

While Austin is not Silicon Valley, technology companies from that area and other major U.S. hubs are taking notice of Austin's growing tech scene. The lower cost of living and doing business, combined with a smaller size, are among the reasons that people and companies are attracted to Austin.

Who is the largest high-tech? ›

Apple, the world's largest tech company by revenue, generated $378.7 billion in 2022.

The Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is an Indian information technology, engineering, health informatics, and bioinformatics, financial business district located in Hyderabad, Telangana, India.

Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley.

Tesla, Oracle, Caterpillar, and Hewlett Packard are just some of the big names that are moving to Texas, and it is not just a corporate, bottom-line decision. It has as much to do with lifestyle.

Austin is currently the hotbed in Texas tech, with over two thousand tech companies and startups, the city is the beating heart of the state's tech scene.

Texas is now home to four of the nation's largest cities, with Austin finally joining Houston, San Antonio and Dallas on the list of top 10 most populous cities.

Google (Alphabet), Amazon, Facebook (Meta), and Apple are commonly referred to as the Big Four or GAMA. They have also been referred to as "The Four", the "Gang of Four", and the "Four Horsem*n". The GAMA were known as GAFA before Facebook rebranded to Meta in 2021.

The region is now home to 24 Fortune 500 companies, according to the DRC's 2023 annual report. New research shows Dallas-Fort Worth leads the nation in the growth of high-tech jobs.

"Austin is, in my opinion, in the sweet spot." The city had the fifth-highest number of job postings of all tech cities in 2022, according to the Dice report, up 9.6% from 2021. In May alone, Austin had more than 7,000 tech job postings.

Which city is the fastest growing tech hub? ›

Bengaluru has emerged as the world's fastest growing tech ecosystem in the world since 2016. Following Bengaluru, London, Munich, Berlin and Paris top the list too.

The oldest and largest TTUS campus is Texas Tech University (TTU) which is located in Lubbock and home to almost 40,000 undergraduate, graduate, law and health sciences students. TTU occupies 1,900 acres making it the second largest contiguous campus in the United States.

Overview. Texas Tech University is a very large, 4-year, public university. This coed college is located in a city in an urban setting and is primarily a residential campus. It offers bachelor's, certificate, master's, and doctoral degrees.

With 1,839 acres (744 ha), it has the second largest contiguous campus in the United States and is the only school in Texas to house an undergraduate institution, law school, and medical school at the same location.

Texas is one of the most vibrant tech hubs in the United States. The largest tech firms including Dell and Tesla have facilities in Texas.

The Los Angeles metro area was home to 88,000 engineers in 2021, the highest number of any metro area in the United States. Higher education institutions in Los Angeles County graduate 6,600 engineering majors a year, the highest of any county in the United States.

San Francisco, California

San Francisco, California has long served as the home base for major tech companies.

Forbes lists 72 billionaires in Texas.

Among the wealthiest Texans are Michael Dell, chairman and CEO of Dell Technologies; Jerry Jones, owner of the Dallas Cowboys; spouses Stanley Kroenke and Ann Walton Kroenke (though ranked separately); Tilman Fertitta, owner of the Houston Rockets; Airbnb co-founder Joe Gebbia; and Mark Cuban, owner of the Dallas ...

In Texas, Midland County situated in the Permian Basin claims the No. 1 spot with a $59,283 per capita investment income, $279,569 median home value and $126,631 per capita income.

What is the poorest city in Texas? ›

Nearly all residents of Carrizo Hill live below the poverty line. The local poverty rate in the town stands at a staggering 96.9%, compared to the statewide poverty rate of 14.0%. All data in this story are five-year estimates from the U.S. Census Bureau's 2021 American Community Survey.

New York is the richest state in the US, with a GDP per capita at $96,5k. This means that New York is responsible for around 9% of America's entire economic output, the highest percentage amongst the 50 states.

Energy is a major component of the state economy. Texans consume the most energy in the nation both in per capita and as a whole. The state is also the nation's largest energy producer, producing twice as much energy as Florida, the state with the second-highest production.

According to the list, the richest school district in Texas is Friendswood Independent School District. This district is found in Galveston County. The average household income for families in this school district is $167,090 per year. The graduation rate is 97%.

The country's second-most populous state, Texas, is also its second-richest state in terms of GDP. Texas's GDP is $2,355,960,000,000. Texas's median household income is $63,826, just below the national median.

Silicon Hills is a nickname for the cluster of high-tech companies in the Austin metropolitan area in the U.S. state of Texas.

Austin, a longtime tech hub, continued to attract startups, while Dallas and Houston built out their respective tech communities. According to the latest CompTIA Tech Jobs Report, Dallas and Houston saw the biggest gain in tech job postings between March and April, outpacing tech hubs such as Boston and Seattle.

The top US metro area for tech jobs and business opportunities is Austin, Texas, according to CompTIA, a nonprofit association for the global technology industry and workforce. For tech workers, Austin offers the most appealing combination of opportunity and livability, according to CompTIA's 2020 Tech Town Index.

Overview of the Texas Economy

The top three sectors by total employment are Manufacturing, Real Estate and Rental and Leasing, Mining, while the unemployment rate across the state in 2022 was 4.2%.

San Francisco has the largest concentration of tech companies in the United States and Silicon Valley remains a top innovation hub.

How is the tech industry in Texas? ›

There are now 44,330 tech businesses in the state, including 2,310 that opened in 2022, the second highest total among all states. The tech industry delivers an economic impact of more than $158.7 billion, or 7.7% of the state's total economy.

High housing costs, high tax rates, and strict regulations have made it challenging to live, work, and do business in the area. More tech companies are opting to move operations to Texas and other states with lower costs of living and more-favorable tax laws.

Tesla, Oracle, Caterpillar, and Hewlett Packard are just some of the big names that are moving to Texas, and it is not just a corporate, bottom-line decision. It has as much to do with lifestyle.

There are 44,330 tech businesses in Texas, including 2,310 that opened in 2022, the second highest total among all states, the report said.

1) Texas has a thriving economy with a low unemployment rate. 2) The cost of doing business in Texas is very affordable. 3) Texas has a favorable tax climate for businesses. 4) The workforce in Texas is skilled and plentiful.

San Francisco, California

San Francisco, California has long served as the home base for major tech companies. Many top companies in San Fran need tech employees, including Amazon, Facebook, Wells Fargo, and Deloitte.

California's Silicon Valley is famous for its technology sector, and many of the world's biggest tech companies, including Apple, Alphabet, Intel, and Meta, are based in this region.