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Downtown Austin Alliance & Capital City Innovation Release Innovation District Market Analysis

January 29, 2020

Technology, healthcare, and life sciences are converging in Austin’s Innovation District to create a hub of health innovation and economic growth. On January 28, we unveiled our Market Analysis, commissioned in partnership with Capital City Innovation, showing the Innovation District’s potential to create 2,800 new permanent jobs and add $800 million to the economy over the next 10 years. The Innovation District leverages our city’s strong economy and technology ecosystem to create a vibrant, inclusive district benefiting the entire region

Market Demand and Economic Impact Analysis

Executive Summary: Market Demand and Economic Impact

 

Highlights of the Market Analysis Findings:

$800 million in economic output

• 2,800 new, permanent jobs

• 27% increase in jobs accessible to those without a college degree

• 53% increase in land value

Recent Media Coverage

KVUE (ABC)
‘Innovation District’ around UT campus to bring big changes to Downtown Austin, new report claims

CBS Austin
Progress report expected for new health-related downtown “Innovation District”

Austin Business Journal
Report: Innovation district to bring thousands more jobs to downtown in next 10 years

KXAN
Austin medical Innovation District would generate $800M, 2,800 new jobs, study finds

Austin Business Journal Crane Watch
INNOVATION DISTRICT TAKES SHAPE

KTBC (FOX)
Austin looking to have Innovation District downtown

Austin Monitor
Area leaders hear of economic, community benefits forecast for innovation district

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