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News::

Perryman: Austin economy will remain strong

Austin Business Journal by Vicky Garza, Staff Writer
Date: Wednesday, January 25, 2012, 2:45pm CST

The area, which includes San Marcos and Round Rock, has been slow coming out of the recession, gaining only 10,000 jobs in 2011, but is expected to build momentum and gain about 20,000 a year for the next five years, he said.

Perryman predicts an annual increase of 2.4 percent in jobs and 4.5 percent in output from $81.7 billion in real gross product in 2011 to $101.8 billion in 2016.

Williamson County will continue to grow the most, while Bastrop and Hays counties will see significant growth as well, he said.

Austin will continue to remain a leader in the technology industry, with growth expected from gaming, software and clean energy, he said. Perryman expects universities and the services sector will also play a major role in Austin’s growth.

The biggest challenge Central Texas businesses will face in the coming years is increasing energy costs. Although the housing market is stabilizing and credit conditions are improving, they will still remain challenges as well, Perryman said.

Perryman recently wrote a guest editorial in the print edition of the Austin Business Journal regarding the slow recovery of the U.S. economy.

Austin launches program to reduce traffic downtown

Austin Business Journal Date: Friday, January 20, 2012, 1:42pm CST The city of Austin is launching a pilot program to encourage its 450 downtown employees to choose an alternative means of transportation versus driving their own vehicles to work. Think Outside the Car is an effort by the Downtown Austin Transportation Management Association, a newly
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Austin sees positive trend in home sales

Austin Business Journal by Cody Lyon, Staff writer Date: Thursday, January 19, 2012, 11:37am CST Single-family home sales grew by 11 percentage points in December when compared to the same month in 2010, the Austin Board of Realtors .. said Thursday. In December 2011, a total of 1,581 single-family homes were sold and the median
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