Austin and Dallas, Texas

TTIP_Town_Hall_Locations_Dallas_TX.pngDallas, Texas

Austin, Texas (May 14, 2014)

As the capital of Texas, Austin has long been a nexus of politics, economic development and innovation. The city is ranked #1 on Forbes “Best Cities for Future Job Growth” list and 14th on its “Best Places for Business and Careers” list. Nicknamed “Silicon Hills”, Austin and its surrounding communities have also emerged as a major center for computer technology, with more than 4,500 software enterprises and start-ups operating in the area, including Dell, 3M, Apple, Facebook, Hewlett-Packard, Qualcomm and Intel Corporation. Austin’s national image as a major US tech hub is showcased in its annual South by Southwest (SXSW), a week-long conference bringing together industry leaders and thousands of participants from more than 57 countries to discuss new ideas and highlight emerging technologies.

Dallas, Texas (May 15-16, 2014)

The Dallas/Ft. Worth metroplex is one of the US’s most prosperous and dynamic economic hubs, with a sig- nificant presence of trade-dependent sectors such as energy, advanced manufacturing, telecommunications and services. Often called “Silicon Prairie”, the metroplex is also a center of innovation, home to several small- to medium-sized enterprises (SME) in the ICT sector. The region is home to the headquarters of major corporations including those of ExxonMobil, AT&T, American Airlines, Southwest Airlines, Texas Instruments, HP Enterprise Services, Mary Kay Cosmetics, Frito Lay, Dr. Pepper/Snapple Group and Dean Foods. Many European firms are also well represented in the metroplex. They include Ericsson (Sweden), Alcatel-Lucent (France), Turner Corporation (a subsidiary of the German construction group Hochtief), Siemens Energy and Automation (Germany), and Allied Electronics (United Kingdom).

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Texas Economy At a Glance

Population: 26,060,000 (2012)

Labor Force: 12,958,600 (2012)

Gross Domestic Product (GDP): $1.308 trillion (2012) GDP Per Capita: $46,498 (2012)

GDP Ranking among US States: 2nd

Household median income: $56,688

Largest Employers:

  • Texas A&M University
  • Shell Deepwater Development, Inc.
  • Perot Systems Corporation
  • Dell Inc.
  • University of Texas at Austin