Austin Chamber of Commerce
Economic development is the Austin Chamber of Commerce’s major task. In 2003, the Chamber undertook a new initiative designed to create jobs, diversify the economy, attract new businesses to the Greater Austin area and retain and grow existing businesses. The effort, called Opportunity Austin, got underway with an Economic Development Analysis conducted by Market Street Services of Atlanta that provides a roadmap for Chamber activities.
The study includes an evaluation of the region’s economic structure, strengths and core industries as well as an analysis of the region’s competitiveness in the global economy. It provides the foundation for an aggressive five-year, five-county plan to create 72,000 jobs and positive economic impact of $14 billion.
Growing and retaining existing businesses is an integral part of the region’s Opportunity Austin initiative. The Business Retention and Expansion Team strategically meets with local businesses to assess the regional business environment, identify economic drivers and trends, assist with company needs, and support the growth of the targeted industry sectors. The BR|E Team helps ensure that these emerging sectors, as well as other existing businesses, have the resources needed to grow and succeed in Central Texas.
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