ANNUAL REPORT
OPPORTUNITYAUSTIN
TOPEIGHT | BEST AMERICAN CITIES TO LIVE AND WORK IN |
Business Review
Message to Investors 3
Economic Diversification 5
Technology Partnership / BR&E 8
Talent & Education 12
Transportation & Infrastructure 15
Regional Partners 16
Financials 17
Board of Directors 18
Investors 19
TABLE OF CONTENTS
ANNUAL REPORT2011
OPPORTUNITY AUSTIN
timCROWLEY
bobbyJENKINS
2
Throughout 2011, Austin’s reputation as a dynamic leader in employment, education, innovation and quality of life reaffirmed what many of us have long known: the future for our region is limitless. Our regional economic model is a proven success, and serves as the envy of many of our peer markets around the country and, increasingly, around the world.
The numbers tell the story. Austin continues to top countless national rankings for job growth, innovation, quality of life and more. In fact, Austin ranked as the 26th best economic recovery worldwide--the highest ranking of all U.S. Cities, according to a global study by the Washington-based Brookings Institution. The ranking is based in part on job and income growth during the current economic recovery.
Since 2004, Opportunity Austin worked to add an estimated 140,400 new jobs to the Central Texas workforce, with a payroll increase of $7 billion. At Opportunity Austin, our mission is to build on this success and sustain our momentum for strong business growth.
We want to thank all of Opportunity Austin’s stakeholders for your continued support. Quite simply, Austin would not be what it is today without the commitment of our investors, supporters and partners in Opportunity Austin. Thank you for your investment in a prosperous regional economy for Central Texas.
TIM CROWLEY 2011 Chair Opportunity Austin
BOBBY JENKINS 2011 Chair Chamber of Commerce
3
MESSAgE TO INvESTORS
ANNUAL REPORT2011
4
#1| BEST BIg CITIES FOR JOBS | Forbes
The Austin area experienced tremendous economic vitality in 2011, with 51 businesses expanding their offices, industrial production and job force. In addition, 35 new companies chose to relocate their businesses to our region from other parts of the country, an increase from 29 in 2010. This economic development occurred across myriad industries, including key growth industries such as biopharmaceutical, high tech, digital media and clean tech. Strategic recruitment efforts will continue to further diversify Austin’s business portfolio, and secure the region’s national reputation as a center of human capital and innovation.
5
ECONOMIC DIvERSIFICATION
ANNUAL REPORT2011
RELOCATIONS BY INDUSTRY SECTOR
Clean Tech 3 Data Center 2 Digital Media 6 HQ/Regional Office 1 Medical Device/Bioscience 1 Semiconductor 1 Software 6 Wireless 7 Other IT 3 Other 5 TOTAL 35
2011
2010
3,128
29COMPANIES
JObS
2011
4,096
35 COMPANIES
JObS
2009
547
17COMPANIES
JObS
direct totalindirect/induced direct totalindirect/induced
Image Microsystems
Indeed
Informatica •Insuraprise
Interspire
InteSolv •James E. Bashaw & Co.
KingsIsle Entertainment
Main Street Hub •Malauzai Software
mindWireless
Nomadesk
O�ce Depot •OwnLocal
Polycom
Pro�tFuel
Progressive Insurance
Rackspace Managed Hosting
Redbird Flight Simulations
Salsa Labs
Samsung
SceneTap •ScienceLogic
ServiceMesh
Solar Power Technologies
Spiceworks
Spredfast
Starmount
Superconductor Technologies •Terra Pave International
Thermo Fisher Scienti�c
US Farathane •Volusion •Whale Shark Media
WindData
Xeris Pharmaceuticals •TOTAL
180 132 312
30 35 65
175 584 759
35 43 78
30 100 130
25 28 53
15 8 23
30 100 130
29 29 58
30 100 130
30 100 130
40 134 174
200 42 242
15 50 65
60 73 133
220 225 445
166 312 478
700 711 1,411
25 54 79
30 100 130
330 954 1,284
30 100 130
14 47 61
12 40 52
15 27 42
95 317 412
50 167 217
130 434 564
135 160 295
10 39 49
150 129 279
228 165 393
140 155 295
80 92 172
130 132 262
10 55 65
8,035 13,887 21,992
$7,035,214 $5,319,324 $12,354,538
1,566,955 1,465,149 3,032,103
17,300,296 23,186,043 40,486,339
2,449,639 1,797,987 4,247,627
2,965,765 3,974,751 6,940,516
1,990,146 1,055,461 3,045,607
414,585 333,125 747,710
2,965,765 3,974,751 6,940,516
1,690,854 1,126,086 2,816,940
2,965,765 3,974,751 6,940,516
2,965,765 3,974,751 6,940,516
3,954,353 5,299,667 9,254,020
2,313,445 1,652,012 3,965,456
1,482,883 1,987,375 3,470,258
4,611,544 2,952,839 7,564,383
14,044,491 8,883,711 22,928,202
12,963,548 15,020,493 27,984,040
33,178,840 28,785,458 61,964,298
2,654,209 2,513,843 5,168,052
2,965,765 3,974,751 6,940,516
41,670,138 45,322,944 86,993,082
2,965,765 3,974,751 6,940,516
1,384,024 1,854,883 3,238,907
1,186,306 1,589,900 2,776,206
1,924,860 1,196,409 3,121,269
9,391,590 12,586,710 21,978,300
4,942,942 6,624,584 11,567,526
12,851,649 17,223,919 30,075,569
10,960,981 7,327,529 18,288,510
1,221,001 1,688,066 2,909,067
7,243,342 5,520,595 12,763,937
12,058,594 7,074,653 19,133,247
11,144,816 5,910,582 17,055,398
4,178,546 3,907,063 8,085,610
6,161,785 5,345,871 11,507,656
851,181 2,715,034 3,566,215
568,850,940 580,585,630 1,149,436,570
$23,663,545
5,000,071
88,749,909
7,051,878
15,214,271
4,696,706
1,197,270
15,214,271
5,309,622
15,214,271
15,214,271
20,285,693
13,897,213
7,607,135
11,537,673
36,796,227
63,085,406
144,570,585
8,294,656
15,214,271
166,451,513
15,214,271
7,099,993
6,085,708
4,694,348
48,178,524
25,357,117
65,928,509
26,488,755
14,849,205
24,233,124
33,689,527
26,301,551
13,333,523
26,848,824
7,636,734
$2,262,110,143
(formerly ALC-Collegedale)
indirect/induced
3Seventy
58 Phases
Active Power
Adlucent
The Advisory Board Co. •Al Frank Asset Management
Alpha Omega Wireless •Altera Corp. •ArthroCare Corp.
AT&T Labs •Audiotoniq
BAE Systems
BeHome247
BlackLocus
Broadway Technology
Catapult Systems
Cenoplex
Certain A�nity
Certain A�nity
CFAN
Cirrus Logic
Community Cars
Complete Energy Systems •Convio
CSIdentity
Debix
Durcon
eBay/PayPal •Electronic Arts •Emerson Process Management •ESPN Longhorn Network
Evernote •Fallbrook Technologies •Fotowatio Renewable Ventures •Happy Cog •HDI Plastics
HostGator •
30 100 130
20 23 43
40 54 94
30 31 61
239 245 484
25 14 39
20 39 59
200 244 444
100 186 286
350 419 769
15 28 43
200 434 634
10 33 43
30 100 130
40 134 174
16 18 34
10 33 43
12 40 52
40 134 174
50 36 86
150 183 333
30 49 79
200 578 778
34 113 147
15 50 65
20 9 29
65 56 121
1,000 1,156 2,156
300 1,001 1,301
125 417 542
75 251 326
250 834 1,084
65 69 134
10 16 26
20 22 42
75 256 331
500 508 1,008
$2,965,765 $3,974,751 $6,940,516
1,044,637 976,766 2,021,402
4,207,701 2,443,543 6,651,244
1,915,158 1,211,415 3,126,573
15,257,424 9,650,940 24,908,363
690,975 555,208 1,246,183
1,179,376 1,624,825 2,804,202
15,371,814 9,842,796 25,214,611
7,951,664 8,864,193 16,815,857
20,899,530 16,753,381 37,652,911
1,192,750 1,329,629 2,522,378
21,233,673 20,110,747 41,344,419
988,588 1,324,917 2,313,505
2,965,765 3,974,751 6,940,516
3,954,353 5,299,667 9,254,020
1,273,693 675,495 1,949,188
988,588 1,324,917 2,313,505
1,186,306 1,589,900 2,776,206
3,954,353 5,299,667 9,254,020
3,072,347 1,556,987 4,629,334
11,528,861 7,382,097 18,910,958
690,966 2,223,890 2,914,856
25,254,630 27,468,452 52,723,082
3,361,200 4,504,717 7,865,918
1,482,883 1,987,375 3,470,258
563,872 368,966 932,838
3,138,781 2,392,258 5,531,039
52,231,824 48,838,290 101,070,114
29,657,651 39,747,505 69,405,156
12,357,355 16,561,460 28,918,815
3,788,946 9,299,724 13,088,670
24,714,709 33,122,920 57,837,629
2,796,674 3,170,550 5,967,225
1,006,882 646,486 1,653,368
1,592,117 844,369 2,436,486
6,072,609 11,965,217 18,037,826
23,699,171 20,561,041 44,260,213
$15,214,271
3,333,381
12,818,245
5,017,667
39,974,081
1,995,450
7,429,085
38,458,909
29,575,277
57,932,294
4,436,291
66,357,245
5,071,423
15,214,271
20,285,693
3,005,892
5,071,423
6,085,708
20,285,693
8,034,160
28,844,181
5,784,065
100,879,709
17,242,840
7,607,135
1,419,321
10,501,020
166,669,022
152,142,708
63,392,794
28,703,121
126,785,589
10,162,369
4,786,051
3,757,365
34,365,518
103,264,704
Bold = New • Projects directly assisted by Austin Chamber
direct totalindirect/induced direct total
Bold = New • Projects directly assisted by Austin Chamber
EMPLOYEEcompensation
TOTALeconomicimpact
COMPANY JOBScreated
EMPLOYEEcompensation
TOTALeconomicimpact
COMPANY JOBScreated
6
ECONOMIC IMPACT ON THE AUSTIN MSA OF NEW & ExPANDED OPERATIONS
direct totalindirect/induced direct totalindirect/induced
Image Microsystems
Indeed
Informatica •Insuraprise
Interspire
InteSolv •James E. Bashaw & Co.
KingsIsle Entertainment
Main Street Hub •Malauzai Software
mindWireless
Nomadesk
O�ce Depot •OwnLocal
Polycom
Pro�tFuel
Progressive Insurance
Rackspace Managed Hosting
Redbird Flight Simulations
Salsa Labs
Samsung
SceneTap •ScienceLogic
ServiceMesh
Solar Power Technologies
Spiceworks
Spredfast
Starmount
Superconductor Technologies •Terra Pave International
Thermo Fisher Scienti�c
US Farathane •Volusion •Whale Shark Media
WindData
Xeris Pharmaceuticals •TOTAL
180 132 312
30 35 65
175 584 759
35 43 78
30 100 130
25 28 53
15 8 23
30 100 130
29 29 58
30 100 130
30 100 130
40 134 174
200 42 242
15 50 65
60 73 133
220 225 445
166 312 478
700 711 1,411
25 54 79
30 100 130
330 954 1,284
30 100 130
14 47 61
12 40 52
15 27 42
95 317 412
50 167 217
130 434 564
135 160 295
10 39 49
150 129 279
228 165 393
140 155 295
80 92 172
130 132 262
10 55 65
8,035 13,887 21,992
$7,035,214 $5,319,324 $12,354,538
1,566,955 1,465,149 3,032,103
17,300,296 23,186,043 40,486,339
2,449,639 1,797,987 4,247,627
2,965,765 3,974,751 6,940,516
1,990,146 1,055,461 3,045,607
414,585 333,125 747,710
2,965,765 3,974,751 6,940,516
1,690,854 1,126,086 2,816,940
2,965,765 3,974,751 6,940,516
2,965,765 3,974,751 6,940,516
3,954,353 5,299,667 9,254,020
2,313,445 1,652,012 3,965,456
1,482,883 1,987,375 3,470,258
4,611,544 2,952,839 7,564,383
14,044,491 8,883,711 22,928,202
12,963,548 15,020,493 27,984,040
33,178,840 28,785,458 61,964,298
2,654,209 2,513,843 5,168,052
2,965,765 3,974,751 6,940,516
41,670,138 45,322,944 86,993,082
2,965,765 3,974,751 6,940,516
1,384,024 1,854,883 3,238,907
1,186,306 1,589,900 2,776,206
1,924,860 1,196,409 3,121,269
9,391,590 12,586,710 21,978,300
4,942,942 6,624,584 11,567,526
12,851,649 17,223,919 30,075,569
10,960,981 7,327,529 18,288,510
1,221,001 1,688,066 2,909,067
7,243,342 5,520,595 12,763,937
12,058,594 7,074,653 19,133,247
11,144,816 5,910,582 17,055,398
4,178,546 3,907,063 8,085,610
6,161,785 5,345,871 11,507,656
851,181 2,715,034 3,566,215
568,850,940 580,585,630 1,149,436,570
$23,663,545
5,000,071
88,749,909
7,051,878
15,214,271
4,696,706
1,197,270
15,214,271
5,309,622
15,214,271
15,214,271
20,285,693
13,897,213
7,607,135
11,537,673
36,796,227
63,085,406
144,570,585
8,294,656
15,214,271
166,451,513
15,214,271
7,099,993
6,085,708
4,694,348
48,178,524
25,357,117
65,928,509
26,488,755
14,849,205
24,233,124
33,689,527
26,301,551
13,333,523
26,848,824
7,636,734
$2,262,110,143
(formerly ALC-Collegedale)
indirect/induced
3Seventy
58 Phases
Active Power
Adlucent
The Advisory Board Co. •Al Frank Asset Management
Alpha Omega Wireless •Altera Corp. •ArthroCare Corp.
AT&T Labs •Audiotoniq
BAE Systems
BeHome247
BlackLocus
Broadway Technology
Catapult Systems
Cenoplex
Certain A�nity
Certain A�nity
CFAN
Cirrus Logic
Community Cars
Complete Energy Systems •Convio
CSIdentity
Debix
Durcon
eBay/PayPal •Electronic Arts •Emerson Process Management •ESPN Longhorn Network
Evernote •Fallbrook Technologies •Fotowatio Renewable Ventures •Happy Cog •HDI Plastics
HostGator •
30 100 130
20 23 43
40 54 94
30 31 61
239 245 484
25 14 39
20 39 59
200 244 444
100 186 286
350 419 769
15 28 43
200 434 634
10 33 43
30 100 130
40 134 174
16 18 34
10 33 43
12 40 52
40 134 174
50 36 86
150 183 333
30 49 79
200 578 778
34 113 147
15 50 65
20 9 29
65 56 121
1,000 1,156 2,156
300 1,001 1,301
125 417 542
75 251 326
250 834 1,084
65 69 134
10 16 26
20 22 42
75 256 331
500 508 1,008
$2,965,765 $3,974,751 $6,940,516
1,044,637 976,766 2,021,402
4,207,701 2,443,543 6,651,244
1,915,158 1,211,415 3,126,573
15,257,424 9,650,940 24,908,363
690,975 555,208 1,246,183
1,179,376 1,624,825 2,804,202
15,371,814 9,842,796 25,214,611
7,951,664 8,864,193 16,815,857
20,899,530 16,753,381 37,652,911
1,192,750 1,329,629 2,522,378
21,233,673 20,110,747 41,344,419
988,588 1,324,917 2,313,505
2,965,765 3,974,751 6,940,516
3,954,353 5,299,667 9,254,020
1,273,693 675,495 1,949,188
988,588 1,324,917 2,313,505
1,186,306 1,589,900 2,776,206
3,954,353 5,299,667 9,254,020
3,072,347 1,556,987 4,629,334
11,528,861 7,382,097 18,910,958
690,966 2,223,890 2,914,856
25,254,630 27,468,452 52,723,082
3,361,200 4,504,717 7,865,918
1,482,883 1,987,375 3,470,258
563,872 368,966 932,838
3,138,781 2,392,258 5,531,039
52,231,824 48,838,290 101,070,114
29,657,651 39,747,505 69,405,156
12,357,355 16,561,460 28,918,815
3,788,946 9,299,724 13,088,670
24,714,709 33,122,920 57,837,629
2,796,674 3,170,550 5,967,225
1,006,882 646,486 1,653,368
1,592,117 844,369 2,436,486
6,072,609 11,965,217 18,037,826
23,699,171 20,561,041 44,260,213
$15,214,271
3,333,381
12,818,245
5,017,667
39,974,081
1,995,450
7,429,085
38,458,909
29,575,277
57,932,294
4,436,291
66,357,245
5,071,423
15,214,271
20,285,693
3,005,892
5,071,423
6,085,708
20,285,693
8,034,160
28,844,181
5,784,065
100,879,709
17,242,840
7,607,135
1,419,321
10,501,020
166,669,022
152,142,708
63,392,794
28,703,121
126,785,589
10,162,369
4,786,051
3,757,365
34,365,518
103,264,704
Bold = New • Projects directly assisted by Austin Chamber
direct totalindirect/induced direct total
Bold = New • Projects directly assisted by Austin Chamber
EMPLOYEEcompensation
TOTALeconomicimpact
COMPANY JOBScreated
EMPLOYEEcompensation
TOTALeconomicimpact
COMPANY JOBScreated
7
In 2011 the Chamber continued the implementation of the Technology Partnership, created in late 2010 by the Chamber board of directors to provide outreach to the regional technology community. The technology sector includes over 3,900 companies within a five-region area surrounding Austin. In fact, tech companies account for 12% of the region’s total workforce and 25% of the area payroll. Because such a significant percentage of our workforce is engaged in technology, the business retention and expansion work of the Chamber is now aligned under the Technology Partnership.
Last year, the Technology Partnership engaged over 100 regional tech executives to provide input and direction to the strategies related to not only business attraction and retention but also company formation. Seven technology special interest groups (SIgs) focused the initiative in the following industry segments:
8
TECHNOLOgYPARTNERSHIP
ANNUAL REPORT2011
Technology ManufacTuring • clean Technology • life Science/healThcare • Mobile • gaMing •
adverTiSing Technology • SofTware
Throughout 2011, Austin saw its regional venture capital investments increase by 13% to over $1.1 billion. With 6,000 new technology jobs created, the region experienced the largest year over year increase in the past decade.
Of note in 2011 was the launch of the Startup Austin Texas web portal of the Startup America Partnership. Austin was the first region in Texas to participate in this national web initiative. And to increase the visibility of regional technology startups seeking funding, the Chamber also created the Austin A-List, an easy go-to source for tech startup investors.
21%
9
biotechnology & life sciences$26,864,000
$13,000,000
$5,000,000
$12,300,000
advanced technology & manufacturing
IT/computer technology
clean energy
EMERgINg TECHNOLOgY FUND
47%23%
9%
32 COMPANIES FUNDED SINCE 2006 TOTALINg $57.16 MILLION6 MORE IN THE PIPELINE FOR AN ADDITIONAL $12.4 MILLION
The Chamber manages the Central Texas Regional Center of Innovation and Commercialization (RCIC) which is the local resource for the Texas Emerging Technology Fund.
HIgH TECH EMPLOYMENT BASE
EMPLOYMENT IN SELECTED INDUSTRIESAUSTIN MSA
2010 2011High Tech Manufacturing 27,304 28,596
Computers and electronics 23,251 24,411
Semiconductors 11,599 12,638
Computers and peripherals wholesalers 19,776 20,868
High tech information and other IT 28,671 32,060
Engineering, R&D and labs/testing 19,712 19,997
TOTAL 95,463 101,521
10
Because 80% of new jobs are created by existing businesses, retaining the companies that are currently here and fostering their growth is a top strategic priority. Throughout 2011, the Chamber’s Business Retention & Expansion team (BR&E) worked diligently to engage with Central Texas executives and identify the top issues impacting regional businesses. The team visited over a thousand companies, and conducted extensive surveys with more than 300 of the top regional executives to discover their business needs.
53% DIFFERENCEEXECUTIVESURVEY MEETINGS 2011 // 312
2010 // 203YR #
53% DIFFERENCEASSISTANCE REQUESTS TRACKED 2011 // 610
2010 // 400YR #
10% DIFFERENCEREGIONAL COMPANY VISITS 2011 // 1,187
2010 // 1,071YR #
BUSINESS RETENTION & ExPANSION
| “AMERICA’S CLEAN-TECH HUB” | Time Magazine (international and US editions)
11
TOP BUSINESS ISSUES(BY INDUSTRY SEgMENT)
CLEAN TECH1 Traffic Control
2 Recruitment Problems
3 Public Transportation
SEMICONDUCTOR1 Recruitment Problems
2 Air Service
3 Adverse Legislation
IT/WIRELESS1 Recruitment Problems
2 Available Workforce
3 Air Service
ADVANCED MANUFACTURING1 Recruitment Problems
2 Public Transportation
3 Traffic Control
NON TECH1 Recruitment Problems
2 Adverse Legislation
3 Public Transportation
BIO/HEALTHCARE1 Adverse Legislation
2 Recruitment Problems
3 Business Climate Negative (Soft-landing issues)
EXECUTIVE SURVEYS
50%81%
27%44%
1. RECRUITMENT PROBLEMS
50%48%
2. AIR SERVICE
3. TRAFFIC
TOP BUSINESS ISSUES (ALL INDUSTRIES)
% of employment % of companies
Total employees represented /// 84,779 More than 100 employees /// 81 (26%) Regional payroll represented /// $6.3 Billion Fewer than 100 employees) /// 225 (74%)
Opportunity Austin’s groundbreaking talent pipeline initiatives are recognized as a national model by the U.S. Chamber of Commerce. Due to Opportunity Austin funding, the Chamber and 15 area school districts set a 70% direct-to-college enrollment goal for the Class of 2015, up from 62% for the Class of 2010.
• The region’s first college enrollment initiative exceeded its first five-year goal to increase college enrollment from our region by 30% between 2006 and 2010.
• The region’s Skillpoint College/Career Expo exposed 13,000 Central Texas high school students to Austin careers and the post-secondary education they require.
• The region’s 2011 Chamber Financial Aid Saturday events helped 2,000 families submit federal financial aid forms. Regional Q1 2011 FAFSA filings increased 102% since 2006; Class of 2011 financial aid is up $50 million over Class of 2006.
• Austin ISD’s college/career readiness rate has increased from 38% to 55% from the Class of 2008 to the Class of 2010.
• The region has the most sophisticated regional database (Central Texas Student Futures Project) to track individual high school, employment, military and post-secondary education data records in the United States.
• The Austin Chamber, in partnership with local chambers of commerce, issued progress reports for the Austin, Del valle, Eanes, Hays, Hutto, Lake Travis, Leander, Manor, Pflugerville, Round Rock, and San Marcos ISDs. These reports monitor progress and report out-year school district targets for direct college enrollment, college readiness, high school graduation and TAKS pass rates.
• A task force of business and community leaders also produced an Austin Community College (ACC) progress report, detailing ACC’s accomplishments and identifying areas for growth, as well as addressing talent development needs specific to certain industries in Austin.
12
TALENT & EDUCATION
ANNUAL REPORT2011
“ The Austin Chamber of Commerce quarterbacks the strategic provision of resources and support and leads sophisticated efforts to hold districts’ feet to the fire with the pioneering report card and a firm commitment to weighing in on political issues and questions of funding.”
“ Any tax or bond election will first involve persuading the Austin Chamber of Commerce.”
“ The greater Austin Chamber of Commerce, a powerhouse of support when it comes to school board tax increase and bond elections….has repeatedly called for the district to balance its budget and fund academic programs in the five-year strategic plan.”
13
– “Partnership is a Two-Way Street: What it Takes to Help Drive School Reform,” U.S. Chamber Of Commerce, June 2011
– “A Mission to Communicate,” Austin Chronicle, November 2011
– “Austin School Trustees to view Budget, Mull Fiscal Emergency Tonight,” Austin American-Statesman, February, 2011
14
| STRONgEST pERFORMINg METRO AREAS | Brookings Institution
TOP20
Transportation and infrastructure remain top priorities for Central Texas, and the Chamber continues to be a leading advocate for improving regional mobility.
In 2011, Chamber board members were appointed to lead key initiatives, including Senator Watson’s Mobility Improvement Priorities Task Force, the City’s 2012 Bond Election Advisory Task Force, and CAMPO’s Transit Working group. Chamber leadership also facilitated dialogue to implement solutions for congested intersections such as 5th and 6th Streets at Lamar and Parmer at Dessau.
visible progress was made with key mobility facilities in 2011, including the opening of the IH-35/Ben White interchange, SH-130 access to Cameron Road, and the Austin Executive Airport. The Chamber advocated for bond packages that successfully passed in Travis County to fund road, drainage, bridge and bike/pedestrian improvements, as well as the acquisition of parkland, green space and new recreational facilities. The State provided CTRMA with new options for financing tools, allowing for the potential to proceed more quickly with express lane projects on Mopac and US 183 South.
Another key infrastructure priority is the funding, development and construction of a top-tier four-year medical school associated with The University of Texas. Chamber leadership is actively involved with Senator Watson’s working group on this project, which would enable a substantial expansion of the life sciences business sector in Central Texas and create a broad new avenue of opportunity for private sector jobs.
The Chamber supports a comprehensive strategy to plan for future water needs, including conservation, increased use of reclaimed water and construction of a new Water Treatment Plant 4. In 2011, following a report from the City Auditor, elected officials agreed that delaying the project would be too costly, and Water Treatment Plant 4 will now move forward. At the state level, the Texas Water Development Bonds Amendment (SJR 4) was passed, allowing increased funding for statewide water infrastructure.
15
TRANSPORTATION &INFRASTRUCTURE
ANNUAL REPORT2011
Opportunity Austin 2.0 works with regional partners to ensure the economic prosperity for Central Texas through job growth and creation. The success of our region is based on the ongoing collaboration with public and private business leaders throughout the five-county area.
REgIONAL pARTNER INVESTORS INCLUDE:
AUSTIN
BASTROP
CEDAR PARK
ELGIN
GEORGETOWN
HUTTO
JARRELL
KYLE
LEANDER
LOCKHART
PFLUGERVILLE
ROUND ROCK
SAN MARCOS
TAYLOR
OPPORTUNITY AUSTIN | A FIvE-COUNTY INITIATIvE FOR JOB CREATION
OPPORTUNITY AUSTIN 2011 FINANCIALS
16
REgIONAL PARTNERS
ANNUAL REPORT2011
OPPORTUNITY AUSTIN 2011 FINANCIALS
INVESTOR RELATIONS | $76,837
OppORTUNITY FUND | $86,941
KEEpINg gREATER AUSTIN gREAT | $176,901
BUSINESS RETENTION & EXpANSION | $570,621
EDUCATION | $1,265,043
ECONOMIC DIVERSIFICATION | $1,362,373
2011 ACTUAL EXpENSES | $3,538,716
17
CHAIRMANTim CrowleyPresident // Austin Community Banking group - Frost Bank
vICE CHAIRMANKerry HallPresident // Texas Capital Bank
TREASURERDonnie WilliamsPresident // Austin Area Sovereign Bank
gENERAL COUNSEL/ ASSISTANT SECRETARYTim TaylorPartner // Jackson Walker
PRESIDENT/SECRETARYMike RollinsPresident // greater Austin Chamber of Commerce
AUSTIN CHAMBER CHAIRMANBobby JenkinsPresident // ABC Home and Commercial Services
CHAMBER IMMEDIATE PAST CHAIRBarry MayerPresident // Tokyo Electron US Holdings, Inc.
TERMS EXPIRING DECEMBER 31, 2011
Charles BarnettPresident and CEO // Seton Family of Hospitals
Tony BudetPresident and CEO // University Federal Credit Union
Amy ChronisManaging Partner // Central Texas Deloitte
Don KendrickRegional President - Central Texas // Wells Fargo Bank
Trey SalinasPartner // Martin & Salinas Public Affairs, Inc.
Rick WhiteleyPartner // Oxford Commercial
Darrell WindhamPartner // Fulbright & Jaworski, LLP
Pike PowersDirector Emeritus TERMS EXPIRING DECEMBER 31, 2012
Gary FarmerPresident // Heritage Title Company
Laura GottesmanOwner // gottesman ResidentialReal Estate
Tim HendricksSenior vice President // Cousins Properties
Joe HoltChairman // Austin Region JPMorgan Chase Bank
Chad MarshManaging Principal // Endeavor Real Estate group
Nyle MaxwellPresident // Nyle Maxwell of Austin, LLC
Bill PowersPresident // The University of Texas at Austin
Bob ReetzPartner // Haynes & Boone
Tim TaylorPartner // Jackson Walker
Donnie WilliamsPresident // Austin Area Sovereign Bank
TERMS EXPIRING DECEMBER 31, 2013
Paul BuryPresident // Bury+Partners
Volney CampbellCo-Managing Partner // HPI Corporate Services
Jon FosterPresident & CEO // St. David’s Healthcare Partnership
Rob GoldingCEO // Live Oak – gottesman, LLC
Kerry HallPresident // Texas Capital Bank
Rob HuttonPresident // D.R. Horton
Bart MatheneyPrincipal // Aquila Commercial
Pete WinsteadShareholder // Winstead, Sechrest, Minick, PC
Howard YancyPresident // Zydeco Development
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BOARD OF DIRECTORS
ANNUAL REPORT2011
3M
A greater Austin Development Company, Ltd.
AQUILA Commercial, LLC
Armbrust & Brown, L.L.P.
AT&T
Austin American-Statesman
Austin Commercial, LP
Austin Community College District
Austin Energy
Baker Botts L.L.P.
Bank of America
BBvA Compass
Benchmark Land Development, Inc./ Plum Creek
Brown McCarroll, L.L.P.
Bury+Partners, Inc.
Capital Metropolitan
Transportation Authority
Central Texas Regional Mobility Authority (CTRMA)
City of Austin / Austin Energy
Cousins Properties, Inc.
D.R. Horton Homes, Inc.
Data Foundry
Dimensional Fund Advisors
DPR Construction, Inc.
DuBois Bryant & Campbell, LLP
Dynamic Systems, Inc.
Endeavor Real Estate group
Forestar Real Estate group, Inc.
Freescale Semiconductor
Frost Bank
Fulbright & Jaworski L.L.P.
graves, Dougherty, Hearon & Moody
Hardin Construction Company, LLC
Haynes and Boone, LLP
H-E-B Austin Regional Office
Hensel Phelps Construction Co.
Heritage Title Company of Austin, Inc.
Hill & Wilkinson
HNTB Corporation
HPI Real Estate Services and Invest-ments
Humana, Inc.
Jackson Walker L.L.P.
JE Dunn Construction
Jones Lang LaSalle
JPMorgan Chase & Co.
Live Oak - gottesman
Locke Lord Bissell & Liddell LLP
nFusion group
Oxford Commercial
Pape-Dawson Engineers, Inc.
Peter Lamy
Professional Janitorial Services
Raba-Kistner Consultants, Inc.
Riverside Resources Corp.
Samsung Austin Semiconductor
Scott, Douglass & McConnico LLP
Seton Family of Hospitals
Simon Properties group
Smith, Robertson, Elliott, glen, Klein & Douglas, LLP
Sovereign Bank
St. David’s Healthcare
Stratus Properties, Inc.
Stream Realty Partners - Austin LP
Temple-Inland
Texas gas Service
Texas State University-San Marcos
Thomas Properties group/ Four Points Centre
Time Warner Cable
United Heritage Credit Union
University Federal Credit Union
University of Texas at Austin
Wells Fargo Bank
White Construction Company
Winstead PC
Zydeco Development
100 Congress Office Building
3 Point Partners
A+ Federal Credit Union
ABC Home & Commercial Services
Airco Mechanical, Ltd.
Amelia Bullock Realtors, Inc.
American Bank of Texas, N.A.
American Constructors
American ventus Energy
Amplify Federal Credit Union
Apartment Realty Advisors
Apex global Partners
Applied Materials, Inc.
Ardent Residential, L.P.
Aspen growth Properties, Inc.
ANNUAL REPORT2011
LEAD INVESTORS | MINIMUM OF $20,000 PER YEAR
INVESTORS | LESS THAN $100,000 OvER FIvE YEARS
19
THANK YOU TO INvESTORS
Atchley & Associates, LLP
Atkins North America, Inc.
Atlantic Trust
Austin Business Journal
Austin Coatings, Inc.
Austin Commercial Real Estate Society, Inc.
Austin Hotel & Lodging Association
Austin Manor growth Organization
Austin Power Lunch
Austin Regional Clinic, PA/ Covenant Mgmt. Systems
Austin Telco Federal Credit Union
Austin ventures, L.P.
Balcones Resources
Ball - Peoples
Bank of Texas
Barshop & Oles Company
Bastrop Economic Development Corporation
Beck group, The
Berns Commercial Properties
BlueWater Systems
BMC Software
Bracewell & giuliani LLP
BRANDT
Braun & Butler Construction
Broaddus & Associates
Buena vista Foundation
Burt-Watts Industries, Inc.
Capital City Partners
Capitol Anesthesiology Association
Capitol Market Research, Inc.
Cappello group, Inc.
Carollo Engineers
Carr, Riggs & Ingram, LLC
Catapult Systems, Inc.
Cathy Coneway
CB Richard Ellis
Cedar Park Economic Development Corporation
Cencor Realty Services/ The Weitzman group/Cencor Urban
Central Texas Angel Network
CCIM Central Texas
Champion Partners Ltd.
Christianson Air Conditioning & Plumbing
City of georgetown - Economic Development Department
City of Kyle
City of Leander
Clark, Thomas & Winters, A Professional Corp.
Clean Scapes, LP
Clifton gunderson LLP
Clinical Pathology Laboratories, Inc.
CLS Partners
Coleman & Associates
Comerica Bank
CompassLearning
Concordia University Texas
Convio, Inc.
Coors-Shiner-Corona
CTA Architects Engineers
CWS Capital Partners
CWS Corporate Housing
Cypress Real Estate Advisors
Danze and Davis Architects
D&H Roofing
David Petrick Company, Inc.
David Weekley Homes
Day Cable Company
DCA Construction, LP
Delaware North Companies
Deloitte, LLP
Development 2000, Inc.
Diann Cowling
DLA Piper US LLP
Dominion Advisors
Don Hewlett Chevrolet-Buick Inc.
Don Martin Public Affairs
Door Number 3
Doucet & Associates, Inc.
Drenner & golden Stuart Wolff, LLP
Duncan Commercial, LLC
Durbin Bennett Peterson Private Wealth Management, LLP
Eckert Insurance group, Inc.
Elgin Economic Development Corporation
Elizabeth Christian & Associates Public Relations, Inc.
Ellis & Salazar garage and Body Shop
Engelking Communications LLC
Ernst & Young, LLP
Facility Solutions group
Farmers Insurance group of Companies
Faske Lay & Co., LLP
First Citizens Bank
First State Bank Central Texas
Flieller, Kruger & Skelton, LLP
Flynn Construction, Inc.
Focus Strategies Investment Banking
Four Seasons Hotel Austin
Fox Service Company
Frost Insurance Agency
gallagher Benefit Services, Inc.
gensler
glass & Company, PC
gottesman Residential Real Estate
gracy Title, a Stewart Company
grandbridge Real Estate Capital, LLC
greater San Marcos Partnership
green Bank
greystar Real Estate Partners, LLC
group Solutions RJW
grubb & Ellis Co.
gSC Architects
gSD&M Idea City LLC
Haegelin Construction Co., Ltd.
Hahn, Texas
Harden Healthcare, LLC
Harvey-Cleary Builders
Haynes Whaley Associates, Inc.
HDR Engineering, Inc.
HealthCare Facilities Development Corporation
Heldenfels Enterprises, Inc.
Hester Capital Management, LLC
Higginbotham & Associates, Inc.
Hill Country Electric Supply
Hillhouse Realty, Inc.
Hilton Austin
Historic Norwood Tower
HMg & Associates, Inc.
Holtzman Partners LLP
Home Builders Association of greater Austin
Horizon Bank, SSB
Howdy Honda
20
Huston-Tillotson University
Hutto Economic Development Corporation
Hyatt Regency Austin
Imagecraft Exhibits
Independence Title Company
International Bank of Commerce
Intersil Corporation
Intertech Flooring
Ironwood Real Estate
Jacobs Engineering group, Inc.
Jarrell Economic Development Corporation
Jeff Stewart, CCIM
Jerald Winetroub Company
Jim Cotton
Jimmy Evans Company
Joe Bland Construction, L.P.
John C. Lewis Company
Journeyman Construction, Inc
Keller Williams Realty
Kennedy Wilson, Inc.
KPMg LLP
Larry Peel Company
Lee Tilford Agency
Lexus of Austin
Lila Nelson Beard
Lockhart Economic Development Corporation (LEDC)
Longaro & Clarke, Inc.
Lott Brothers Construction Company, Ltd.
Luminex Corp
Martine Properties, Inc.
Matt Mathias & Company
Maxwell Locke & Ritter LLP
Mcgarrah/Jessee L.P.
Mcginnis, Lochridge & Kilgore
McLean and Howard LLP
Meador & Jones, LLP
MHBT Inc.
Moore & Associates, Inc.
Moreland Properties, Inc.
Morrison & Head, LLP
Multimedia games, Inc.
Munday Enterprises
NAI REOC Austin
NorthMarq Capital, Inc.
Nyle Maxwell of Austin, LLC
O’Connell Robertson
Oden Hughes LLC
Padgett, Stratemann & Co., L.L.P.
Park Central
Patten Law Firm
Perficient, Inc.
Pflugerville Community Development Corporation
PlainsCapital Bank - Congress
PMB Helin Donovan, LLP
Porter Company
Powell, Ebert & Smolik, PC
PricewaterhouseCoopers, LLP
Prime Strategies, Inc.
Prosperity Bank
Ranger Excavating, L.P.
Reznick group, PC - Austin Office
Rifeline, LLC
River Place Corporate Park
RKB Contractors, Inc.
Rockford Business Interiors
Round Rock Economic Development Partnership
SACHEM, Inc.
Saunders, Norval, Nichols, & Atkins, L.L.P.
Schlosser Development Corporation
Schmidt Electric Company, LP
Silverback Acquisitions
Spawglass Contractors, Inc.
SpawMaxwell Company a Balfour Beatty Company
Spear Street Capital
St. Croix Capital Corporation
Staats Falkenberg & Partners, Inc.
Steve Hall
Steve T. Matthews Company
STg Design
Strait Music Company
Studio 8 Architects, Inc.
Summit Commercial
SvTC Technologies, Inc.
T. Stacy & Associates, Inc.
Taylor Commercial Real Estate
Taylor Economic Development Corporation
TDIndustries
Teeple Partners, Inc.
Terracon Consultants, Inc.
Terry McDaniel & Company
Texas Capital Bank, N.A.
Texas DPS Credit Union
Texas Enterprises, Inc.
Texas Health Credit Union
Texas Realty Capital, LP
Thomas graphics, Inc.
Thompson & Knight LLP
Time Insurance Agency
Tokyo Electron U.S. Holdings, Inc.
Tom Terkel
Transwestern Commercial Services
Treaty Oak Bank
Trimbuilt Construction, Inc.
Trinity Real Estate Finance, Inc.
United Commercial Realty
Urbanspace Realtors, LLP
vcfo, Inc.
versata, Inc.
Walker Engineering, Inc.
Walt Penn
Walters Southwest
Weaver, LLP
Wheeler Fairman & Kelley
Workman Commercial Construction Services, Ltd.
Workplace Resource
Wortham Insurance & Risk Management
Zapalac/Reed Construction Company, L.P.
21
oPPorTuniTy auSTin 2011
OPPORTUNITY AUSTIN
535 EAST 5TH STREETAUSTIN, TEXAS 78701
512.478.9383
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