Downtown Austin's economic contributions help fuel the region's explosive growth
Downtown Austin has enjoyed remarkable growth for many years now, and 2019 was no exception. We entered the new decade in a position of incredible strength, with growth in nearly every sector of our urban core.
Downtown has substantial economic importance despite making up a small share of Austin’s land area. This past year alone, downtown contributed more than $732 million in tax revenue that pays for education, parks, and public services throughout the city.
At the beginning of the year, the challenges we faced were those born of growth: affordability, mobility, lack of diversity downtown, and homelessness issues. However, the COVID-19 pandemic halted the building momentum, leaving downtown sidewalks barren and businesses empty.
The Downtown Austin Alliance has pivoted quickly, collaborating with business and city and state government leaders to determine how to best respond to the current crisis and to develop a plan for recovery.
As the path toward recovery becomes clearer, we are committed to preserving and enhancing the assets that make downtown unique. We will continue to champion big projects that will help us recover, aid the economy, improve our mobility and strengthen our resiliency.
State of Downtown
Downtown plays a critical role as the economic engine of Austin. Every year, we see more development, explosive job growth and the continued evolution of the business landscape. Our State of Downtown report presents conclusions around 2018-2019 data gathered and analyzed by our research team.Learn More⟶
Discover prominent projects in planning or under construction in and around downtown Austin.Learn More⟶
Innovation & Startups
Innovation is at the heart of Austin's culture and our exploding new business and startup scene reflect that entrepreneurial spirit.Learn More⟶
Businesses located downtown enjoy several key advantages. Work in the heart of the community, attract top talent, feel the buzz of the city every day.Learn More⟶
Find the data you need to locate or invest in Austin.Learn More⟶