Word: austine
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...Austin also offers a model of hope. The city's surfeit of computer-programming talent allowed a video-game outfit to hire 50 developers and designers in the past two months. A manufacturer is building a new plant north of town to take advantage of the growing commercial-lighting industry even as its construction-related business falls off. A pharmaceuticals start-up is looking for new lab workers. Some companies are expanding, and others - markers of the city's entrepreneurial spirit - are starting from scratch. Austin is emerging as one of the first pockets of the country where people...
...Austin lands on that list too. The central Texas city of 760,000 has a few built-in advantages over other cities. The University of Texas and the state government - Austin is the capital - provide some economic stability. And as the Southwest's technology center, Austin is home to many high-growth (though high-risk) companies. It is also a music mecca and the gateway to Texas hill country, attributes that help it attract desirable workers. For all these reasons, it hasn't been battered quite as hard as other cities by the recession; the unemployment rate was nearly...
Later this year, a marketing manager will sit down for his first day of work at HomeAway, a company that helps people rent their vacation homes online. In the firm's sleek Austin, Texas, headquarters, a glass-wrapped building decorated with travel souvenirs, the marketer will flip on his computer and do his job - a job no one has done before. This, you see, will be a brand-new job, one of the most coveted commodities of economic recovery...
...make loans, but right now they don't want to borrow," he says. "At this point," says Harvard Business School strategy expert Michael Porter, "the No. 1 thing that will create jobs is the perception and confidence that the economy will start growing again." (Watch TIME's video "Austin Shows How to Make New Jobs...
Perry has cast himself as a champion of Texas "values," and after all, he has spent 25 years in Austin - first as a state legislator, then agriculture commissioner, followed by lieutenant governor and then governor. A recent Texas Politics Project poll showed 88% of Republicans support the notion that Washington and other states could learn something from Texas government, as do a third of Texas Democrats. That's a third Bill White will have to woo, along with attracting independents to his cause in a year when, as Perry pollster Baselice says, "the Republicans have the wind at their backs...