Austin, Texas
The Greater Austin metropolitan statistical area had a gross domestic product (GDP) of $86 billion in 2010. Austin is considered to be a major center for high tech. Thousands of graduates each year from the engineering and computer science programs at the University of Texas at Austin provide a steady source of employees that help to fuel Austin's technology and defense industry sectors. The region's rapid growth has led "Forbes" to rank the Austin metropolitan area number one among all big cities for jobs for 2012 in their annual survey and WSJ Marketwatch to rank the area number one for growing businesses. By 2013, Austin was ranked No. 14 on "Forbes"' list of the Best Places for Business and Careers (directly below Dallas, No. 13 on the list). As a result of the high concentration of high-tech companies in the region, Austin was strongly affected by the dot-com boom in the late 1990s and subsequent bust. Austin's largest employers include the Austin Independent School District, the City of Austin, Dell, the U.S. Federal Government, NXP Semiconductors, IBM, St. David's Healthcare Partnership, Seton Family of Hospitals, the State of Texas, the Texas State University, and the University of Texas at Austin.
Austin, Texas
The growth and popularity of Austin can be seen by the expansive development taking place in its downtown landscape. Forbes ranked Austin as the second fastest-growing city in 2015. This growth can have a negative impact on longtime small businesses that cannot keep up with the expenses associated with gentrification and the rising cost of real estate. A former Austin Musician, Dale Watson, described his move away from Austin, "I just really feel the city has sold itself. Just because you're going to get $45 million for a company to come to town – if it's not in the best interest of the town, I don't think they should do it. This city was never about money. It was about quality of life."