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Economics at bizjournals.com

Friday, Apr 19

22

Business and networking groups in the Austin area

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The 2024 list of local business and networking groups is open to all kinds of business and industry groups. The list offers resources for professional development and networking. Eligible groups operate in the Austin area which includes…

21

Overland Partners buys Sanders Architecture to enter Austin market in earnest

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Catherine Craig, a former partner at Sanders and now a lead architect at Overland, said the opportunity arose after the unexpected passing of Sanders' founder, Chris Sanders, in the fall of 2023. As she and two other partners tried to…

05

Second phase of HOME initiative could move needle for housing affordability, ABOR reports

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The Austin Board of Realtors recently released a report examining the second phase of Austin’s HOME Initiative, saying that the impacts could potentially help alleviate the strain on housing affordability in the city.

Thursday, Apr 18

23

Deadline approaching for businesses to snag part of $5.5B credit-card settlement

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Business owners have only a few weeks left to snag their share of a $5.5 billion credit-card settlement.

22

Auto supplier with ties to Tesla eyes $9M project northeast of Austin

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In 2023, Tesla reportedly placed a $227 million order for parts from the company as part of a three-year supply contract through 2028. That seem to be translating to building and hiring here. At the end of this report, check out a list of…

Anti-drone defense tech startup Allen Control Systems raises $12M

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An Austin startup that's developing anti-drone technologies has raised new funding to help it continue to create systems designed to autonomously detect and shoot down airborne threats. In this article, you'll learn about the company's…

19

Cisco Systems inks lease downtown, bucking trend of tech firms shedding office space

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The size of the lease isn't huge, but it represents welcome positive activity from a tech company in the Central Business District. At the end of this report, check out a list of commercial real estate brokerage firms in the Austin area.

18

How Samsung's $45B plan compares to other gigantic US economic development projects

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From Micron to IBM to Intel to TI, a number of other mammoth projects around the country have touted gaudy investment figures. In this report, we stack them all up against each other. At the end of this story, check out a list of the…

03

New Business Leads - Collected week of April 12, 2024

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New Businesses New business licenses and corporate formations. -Assumed Names Company: 217 219 221 N. Main & 109 W. 3rd St., First: Ujjal, Last: Ghoshtagore, Address: 219 N. Main St., City: Taylor, State: TX, Zip: 76574, Phone: 562-301…

Liens and Bankruptcies Leads - Collected week of April 12, 2024

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Federal Tax Liens and Releases The latest information available concerning unpaid tax levies filed by the Internal Revenue Service against individuals and businesses. -State Tax Liens Business or Person: B, Name: MNR Customs LLC, Address:…

Wednesday, Apr 17

21

Millionaire moves: The number of $1 million earners is skyrocketing

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The stock market's pandemic recovery and soaring salaries fueled by the turnover tsunami led to a surge in million-dollar earners. These hot spots are leading the way.

How Austin-based BigCommerce found profitability in competitive e-commerce landscape

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BigCommerce is among Austin's most successful tech companies. While the e-commerce platform company has gone through some tough times in recent years, it is now profitable and has big plans for the years ahead as it competes with companies…

20

US Farathane, a supplier to Tesla and other automakers, sees Austin metro as a key part of its growth

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With proximity to three of their main customers – Tesla Inc. in eastern Travis County, Toyota Motor Corp. in San Antonio and General Motors Co. in Arlington – the Austin-area is key to the Detroit-based company. At the end of this report,…

18

Coworking space is on the rise, with additions being made across US markets

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The number of coworking locations nationally grew 6% in Q1, as gateway and secondary markets alike are adding the shared office spaces.

16

Beverage startup veteran Brandon Cason expects profitability for new hard tea brand before year's end

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Brandon Cason does not mess around when it comes to making drinks. He's already championed a few popular Austin-based beverage companies, and he's at it again with the launch of Teabird, a new hard tea that will soon be in thousands of…

09

Job seekers want quick action from employers. It’s changing the game for hiring managers.

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Companies are still facing stiff competition for workers even as the labor market has softened compared to the challenges hiring managers faced during the height of the pandemic.

Tuesday, Apr 16

22

Tex-Mex chain Chuy's opening another restaurant in Austin

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Famous restaurant chain Chuy’s Tex-Mex is opening the doors of its newest location on April 30.

Inventory of Austin-area homes for sale climbs amid elevated interest rates

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Homebuyers in Austin have more options as new home listings, housing inventory and closed sales have all risen steadily in the metro this year, amid elevated interest rates that have kept median sales prices relatively flat. At the end of…

15

From neighborhoods to the moon, Icon's 3D printing technology is disrupting the building industry

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Austin-based 3D printing startup Icon Technology Inc. has been on a roll. We sat down with co-founder and chief technology officer Alex Le Roux to learn more about how the company got here, its new AI architectural platform and its new…

Monday, Apr 15

22

Miriam Adelson and the Texas Sands PAC are ones to watch

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Miriam Adelson, the widow of Sands casino magnate Sheldon Adelson, earlier this year poured more than $4 million into a political action committee that aims to legalize gambling in Texas. The contribution came two months after her family…

21

Flavor manufacturing company 'open for business' for customers south of Austin

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Representatives from the beverage development and flavor company said they are "absolutely" looking for new customers to take on at its new 40,000-square-foot manufacturing facility at 341 Plum Creek Meadows. The company held a ceremonial…

18

Four years later, a new dynamic takes hold for office space leasing in post-pandemic world

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Office landlords and the tenants they lease space to are shifting into a new leasing paradigm more than four years after the onset of the Covid-19 pandemic.

15

Tesla layoffs: 10% of global workforce to be cut, workers impacted in Austin

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News of the job cuts from one of Austin's largest employers come amid softening sales of electric vehicles overall and after Tesla reported disappointing first-quarter deliveries earlier in April that declined on a year-over-year basis for…

12

Samsung pouring $45B into Austin area — one of largest deals in US history

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On April 15, representatives from Samsung Electronics Co. Ltd., the U.S. Department of Commerce and local officials in Williamson County will converge on the tiny town of Taylor for a mammoth announcement related to the CHIPS and Science…

Saturday, Apr 13

00

Siete Family Foods' retail sales reach $400M as the Austin brand aims for a billion-dollar empire

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The maker of Mexican-American food has passed several milestones since it first got onto the shelves of Whole Foods in 2015. It's now one of the most successful CPG brands out of Austin, and in this article we dive into how Siete made its…

Friday, Apr 12

21

Most CEOs want to ramp up hiring in 2024, but there are some big roadblocks

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Loud layoffs aside, the bulk of CEOs and small businesses say they are in hiring mode in 2024. But there are some big obstacles at play.

16

2 more Chapter 11 bankruptcy filings from Nate Paul's World Class hit courthouse

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The World Class entities are tied to prime real estate properties in East Austin and the Rainey Street district. Many of the properties CEO Nate Paul has attempted to shield in bankruptcy court have ended up in the hands of other real…

Thursday, Apr 11

23

National Beat: Shakeup at OpenAI fund, Guy Fieri backs fintech startup and Startups to Watch

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OpenAI CEO Sam Altman is no longer the owner or a managing partner at the eponymous "startup fund" he has been associated with for over two years. In this week's National Beat, we cover that story, Guy Fieri's venture in the fintech space…

22

Amazon appears to be moving forward with long-planned delivery station

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The project would create up to 200 jobs, not including delivery service providers, with construction planned to begin by the end of this year and be completed within 12 months. At the end of this report, check out a list of top tech…

20

2024 Heavy Hitters: Austin real estate brokers ranked

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Each year, the Austin Business Journal ranks real estate brokers who either sold or leased the most commercial space during the previous year. This year, more than 100 brokers made the six Heavy Hitters lists we produced. We call them…