Austin is an excellent example of population growth among major Texas cities, as it gained more new residents last year than San Antonio and Fort Worth. This increase can be attributed to many aspects, such as its strong economy, its diverse culture and its competitive cost of living. The report, released Tuesday, is part of the launch of the American Growth Project. The new initiative of the Kenan Institute for Private Enterprise at the University of North Carolina aims to provide up-to-date economic data, analysis and forecasts for towns, cities and rural communities across the country, according to a press release from the Kenan Institute.
The Kenan Institute said that the American Growth Project as a whole will provide a deeper understanding of the U.S. economy and the diverse microeconomies that, together, create it. This initial report will be followed by additional information, forecasts and rankings in the coming months. Take a look at the full report to see what other U.S.
UUAUSTIN (KXAN) In a new report on regional economic trends, the American Growth Project ranked Austin as the second fastest-growing city in the United States, behind the San Francisco Bay Area. While the Austin metropolitan area is not home to any major league sports teams, the University of Texas has powerful soccer and basketball teams that most Austinites consider their “home teams” for those sports. In 1846, Austin was formally named capital of the state of Texas after two state elections on the subject. Austin also has lower percentages of people under 18 (19.4%) compared to higher rates in Texas (25.8%) and the United States (23%).