that in 2009, the beginning of the recession was in 2007, the majority of major US cities lost business. Austin, as you might have guessed, actually gained business in 2009. In fact out of the top 100 major metro areas, Austin was one of only three cities that attracted new business. It is worthy to note as well that the three cities that added new business were all located in Texas!
One may ask how Austin Texas has been able to attract and add business, where other states have not been so lucky. This has, in fact been the subject for countless articles and political debates of late. Suffice it to say that the easiest and most succinct answer to this question is that Austin itself has been driven to diversify and attract new business. Austin has also been quite successful in attracting technology companies, making a name for itself as a new “Silicon Valley”.
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