DALLAS, TX / ACCESSWIRE / September 28, 2016 / When asked where the top city for tech startups may be, most people would guess the San Francisco Bay area or Silicon Valley. But surprisingly, the correct answer is Austin, Texas. In addition to decades as a music mecca – the international South by Southwest Festival is held here every year - Austin has been the fastest growing tech town in the U.S. for several years running, with more than 147 companies securing almost $1 billion in funding just in 2015. Along with fresh entrepreneurs, giants like Amazon, Google, and Facebook have also opened offices in town. Meeting the increased demand for housing in the area is real estate developer Marcus Hiles, whose vision of upscale, ecologically-minded, yet affordable, homes for the burgeoning new professional class is being realized through more than 15,000 residential units that his company, Western Rim Property Services, has built throughout Texas, including Austin, Dallas and Fort Worth.
"It's really an ideal combination of factors behind the tech boom," said Marcus Hiles. "Texas, of course, is a very business friendly state with zero personal income and corporate taxes. Besides economic incentives, Austin is also renowned for its culture and art, relaxed healthy lifestyle and great weather. Additionally, the University of Texas at Austin brings in many talented young people from all over the world who make the city their home." Along with these elements, Austin is simply much more affordable with a much lower cost of living than other tech hot spots such as Silicon Valley and New York.
Austin is overall proving to be a city of innovators and risk-takers. The Kauffman Index, produced by the Ewing Marion Kauffman Foundation, is a key measurement of entrepreneurship on the national, state and metropolitan levels. By factoring three metrics - the rate of new businesspersons, the number of those who started their companies when unemployed, and the number of startups per capita - they develop an annual gauge. According to the data, roughly 555 out of every 100,000 adults in the Austin region became entrepreneurs in any given month during the past five years, on average. They have placed the startup rate at 180 new businesses - less than a year old and employing at least one other person besides the owner - per 100,000 residents.
Marcus Hiles, Fort Worth founder of Western Rim Property Services, has worked steadily to become a leader in Texas real estate. With a dedication to building quality residences that include advanced eco-friendly technology and natural landscaping techniques to create high value, yet still affordable, homes throughout the greater areas of Dallas-Fort Worth, Houston, New Braunfels, Austin, and San Antonio. Always seeking to give back to the community, Hiles has spearheaded a number of charitable ventures around the Dallas area including school support, children's hospitals and a number of low-income meal programs.
Marcus Hiles - Chairman & CEO of Western Rim Property Services: http://www.MarcusHiles-News.com
Marcus Hiles - YouTube: https://www.youtube.com/channel/UCD69v3VVsYGfQsdfVO5iNow
Marcus Hiles (@marcus_hiles) - Twitter: https://twitter.com/marcus_hiles
SOURCE: Marcus Hiles