5. 3
2011
ANNUAL
REPORT
Message to investors
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 BOBBY JENKINS
2011 Chair 2011 Chair
Opportunity Austin Chamber of Commerce
7. 5
2011
ANNUAL
REPORT
Economic
Diversification
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.
JObS 2011
4,096 RELOCATIONS
BY INDUSTRY SECTOR
JObS Clean Tech 3
Data Center 2
3,128
Digital Media 6
HQ/Regional Office 1
Medical Device/Bioscience 1
Semiconductor 1
JObS Software 6
547 Wireless 7
Other IT 3
Other 5
TOTAL 35
2009 2010 2011
17 29 35
COMPANIES COMPANIES COMPANIES
10. 8
2011
ANNUAL
REPORT
TECHNOLOGY
PARTNERSHIP
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:
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.
11. 9
HIGH TECH EMPLOYMENT BASE
EMPLOYMENT
IN SELECTED INDUSTRIES
AUSTIN MSA
2010 2011
High 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
EMERGING TECHNOLOGY FUND
The Chamber manages the Central Texas Regional Center of Innovation and Commercialization
(RCIC) which is the local resource for the Texas Emerging Technology Fund.
biotechnology & life sciences
$26,864,000
23% advanced technology
& manufacturing $13,000,000
47% 9%
IT/computer technology
$5,000,000
21% clean energy
$12,300,000
32 COMPANIES FUNDED SINCE 2006 TOTALING $57.16 MILLION
6 MORE IN THE PIPELINE FOR AN ADDITIONAL $12.4 MILLION
12. 10
BUSINESS RETENTION & EXPANSION
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.
YR #
REGIONAL 2010 / 1,071
/ 10% DIFFERENCE
COMPANY VISITS 2011 / 1,187
/
YR #
EXECUTIVE 2010 / 203
/ 53% DIFFERENCE
SURVEY MEETINGS 2011 / 312
/
YR #
ASSISTANCE 2010 / 400
/
53% DIFFERENCE
REQUESTS TRACKED 2011 / 610
/
| “AMERICA’S CLEAN-TECH HUB” |
Time Magazine (international and US editions)
13. 11
EXECUTIVE SURVEYS
Total employees represented /// 84,779 More than 100 employees /// 81 (26%)
Regional payroll represented /// $6.3 Billion Fewer than 100 employees) /// 225 (74%)
TOP BUSINESS ISSUES TOP BUSINESS ISSUES
(ALL INDUSTRIES) (BY INDUSTRY SEGMENT)
% of employment % of companies
CLEAN TECH
1. RECRUITMENT PROBLEMS 1 Traffic Control
50% 2 Recruitment Problems
81% 3 Public Transportation
2. AIR SERVICE SEMICONDUCTOR
50% 1 Recruitment Problems
48% 2 Air Service
3 Adverse Legislation
3. TRAFFIC
27% IT/WIRELESS
44% 1 Recruitment Problems
2 Available Workforce
3 Air Service
ADVANCED MANUFACTURING
1 Recruitment Problems
2 Public Transportation
3 Traffic Control
NON TECH
1 Recruitment Problems
2 Adverse Legislation
3 Public Transportation
BIO/HEALTHCARE
1 Adverse Legislation
2 Recruitment Problems
3 Business Climate Negative
(Soft-landing issues)
14. 12
2011
ANNUAL
REPORT
Talent & Education
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.
• he region’s Skillpoint College/Career Expo exposed 13,000 Central Texas high school
T
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.
15. 13
“ he Austin Chamber of Commerce quarterbacks the strategic
T
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.”
– “Partnership is a Two-Way Street: What it Takes to Help Drive School Reform,”
U.S. Chamber Of Commerce, June 2011
“ ny tax or bond election will first involve persuading the Austin
A
Chamber of Commerce.”
– “A Mission to Communicate,” Austin Chronicle, November 2011
“ he Greater Austin Chamber of Commerce, a powerhouse of
T
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.”
– “Austin School Trustees to View Budget, Mull Fiscal Emergency Tonight,”
Austin American-Statesman, February, 2011
17. 15
2011
ANNUAL
REPORT
Transportation
Infrastructure
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.
18. 16
2011
ANNUAL
REPORT
Regional Partners
OPPORTUNITY AUSTIN | A FIVE-COUNTY INITIATIVE FOR JOB CREATION
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
19. 17
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
20. 18
2011
ANNUAL
REPORT
BOARD OF DIRECTORS
CHAIRMAN Amy Chronis Bill Powers
Tim Crowley Managing Partner // Central President // The University
President // Austin Community Texas Deloitte of Texas at Austin
Banking Group - Frost Bank
Don Kendrick Bob Reetz
VICE CHAIRMAN Regional President - Central Texas // Partner // Haynes Boone
Kerry Hall Wells Fargo Bank
President // Texas Capital Bank Tim Taylor
Trey Salinas Partner // Jackson Walker
Partner // Martin Salinas
TREASURER Public Affairs, Inc.
Donnie Williams Donnie Williams
President // Austin Area
President // Austin Area Rick Whiteley Sovereign Bank
Sovereign Bank Partner // Oxford Commercial
Terms Expiring
General Counsel/ Darrell Windham December 31, 2013
Assistant Secretary Partner // Fulbright
Tim Taylor Jaworski, LLP Paul Bury
Partner // Jackson Walker President // Bury+Partners
Pike Powers
President/Secretary Director Emeritus Volney Campbell
Mike Rollins Co-Managing Partner //
Terms Expiring HPI Corporate Services
President // Greater Austin
December 31, 2012
Chamber of Commerce
Jon Foster
Gary Farmer President CEO // St. David’s
Austin Chamber Chairman President // Heritage Title Company Healthcare Partnership
Bobby Jenkins
President // ABC Home and Laura Gottesman Rob Golding
Commercial Services Owner // Gottesman Residential CEO // Live Oak – Gottesman, LLC
Real Estate
Chamber Immediate Kerry Hall
Past Chair Tim Hendricks President // Texas Capital Bank
Barry Mayer Senior Vice President //
President // Tokyo Electron Cousins Properties Rob Hutton
US Holdings, Inc. President // D.R. Horton
Joe Holt
Terms Expiring Chairman // Austin Region Bart Matheney
December 31, 2011 JPMorgan Chase Bank Principal // Aquila Commercial
Charles Barnett Chad Marsh Pete Winstead
President and CEO // Managing Principal // Shareholder // Winstead,
Seton Family of Hospitals Endeavor Real Estate Group Sechrest, Minick, PC
Tony Budet Nyle Maxwell Howard Yancy
President and CEO // President // Nyle Maxwell President // Zydeco Development
University Federal Credit Union of Austin, LLC
21. 19
2011
ANNUAL
REPORT
Thank you to Investors
LEAD INVESTORS | MINIMUM OF $20,000 PER YEAR
3M Dynamic Systems, Inc. Professional Janitorial Services
A Greater Austin Development Endeavor Real Estate Group Raba-Kistner Consultants, Inc.
Company, Ltd. Forestar Real Estate Group, Inc. Riverside Resources Corp.
AQUILA Commercial, LLC Freescale Semiconductor Samsung Austin Semiconductor
Armbrust Brown, L.L.P. Frost Bank Scott, Douglass McConnico LLP
ATT Fulbright Jaworski L.L.P. Seton Family of Hospitals
Austin American-Statesman Graves, Dougherty, Hearon Moody Simon Properties Group
Austin Commercial, LP Hardin Construction Company, LLC Smith, Robertson, Elliott, Glen,
Austin Community College District Haynes and Boone, LLP Klein Douglas, LLP
Austin Energy H-E-B Austin Regional Office Sovereign Bank
Baker Botts L.L.P. Hensel Phelps Construction Co. St. David’s Healthcare
Bank of America Heritage Title Company of Austin, Inc. Stratus Properties, Inc.
BBVA Compass Hill Wilkinson Stream Realty Partners - Austin LP
Benchmark Land Development, Inc./ HNTB Corporation Temple-Inland
Plum Creek Texas Gas Service
HPI Real Estate Services and Invest-
Brown McCarroll, L.L.P. ments Texas State University-San Marcos
Bury+Partners, Inc. Humana, Inc. Thomas Properties Group/
Capital Metropolitan Jackson Walker L.L.P. Four Points Centre
Transportation Authority JE Dunn Construction Time Warner Cable
Central Texas Regional Mobility Jones Lang LaSalle United Heritage Credit Union
Authority (CTRMA) University Federal Credit Union
JPMorgan Chase Co.
City of Austin / Austin Energy University of Texas at Austin
Live Oak - Gottesman
Cousins Properties, Inc. Wells Fargo Bank
Locke Lord Bissell Liddell LLP
D.R. Horton Homes, Inc. White Construction Company
nFusion Group
Data Foundry Winstead PC
Oxford Commercial
Dimensional Fund Advisors Zydeco Development
Pape-Dawson Engineers, Inc.
DPR Construction, Inc.
Peter Lamy
DuBois Bryant Campbell, LLP
INVESTORS | LESS THAN $100,000 OVER FIVE YEARS
100 Congress Office Building Amelia Bullock Realtors, Inc. Apartment Realty Advisors
3 Point Partners American Bank of Texas, N.A. Apex Global Partners
A+ Federal Credit Union American Constructors Applied Materials, Inc.
ABC Home Commercial Services American Ventus Energy Ardent Residential, L.P.
Airco Mechanical, Ltd. Amplify Federal Credit Union Aspen Growth Properties, Inc.
22. 20
Atchley Associates, LLP City of Georgetown - Economic Ernst Young, LLP
Atkins North America, Inc. Development Department Facility Solutions Group
Atlantic Trust City of Kyle Farmers Insurance Group of Companies
Austin Business Journal City of Leander Faske Lay Co., LLP
Austin Coatings, Inc. Clark, Thomas Winters, First Citizens Bank
A Professional Corp.
Austin Commercial Real Estate First State Bank Central Texas
Society, Inc. Clean Scapes, LP
Flieller, Kruger Skelton, LLP
Austin Hotel Lodging Association Clifton Gunderson LLP
Flynn Construction, Inc.
Austin Manor Growth Organization Clinical Pathology Laboratories, Inc.
Focus Strategies Investment Banking
Austin Power Lunch CLS Partners
Four Seasons Hotel Austin
Austin Regional Clinic, PA/ Coleman Associates
Fox Service Company
Covenant Mgmt. Systems Comerica Bank
Frost Insurance Agency
Austin Telco Federal Credit Union CompassLearning
Gallagher Benefit Services, Inc.
Austin Ventures, L.P. Concordia University Texas
Gensler
Balcones Resources Convio, Inc.
Glass Company, PC
Ball - Peoples Coors-Shiner-Corona
Gottesman Residential Real Estate
Bank of Texas CTA Architects Engineers
Gracy Title, a Stewart Company
Barshop Oles Company CWS Capital Partners
Grandbridge Real Estate Capital, LLC
Bastrop Economic Development CWS Corporate Housing
Corporation Greater San Marcos Partnership
Cypress Real Estate Advisors
Beck Group, The Green Bank
Danze and Davis Architects
Berns Commercial Properties Greystar Real Estate Partners, LLC
DH Roofing
BlueWater Systems Group Solutions RJW
David Petrick Company, Inc.
BMC Software Grubb Ellis Co.
David Weekley Homes
Bracewell Giuliani LLP GSC Architects
Day Cable Company
BRANDT GSDM Idea City LLC
DCA Construction, LP
Braun Butler Construction Haegelin Construction Co., Ltd.
Delaware North Companies
Broaddus Associates Hahn, Texas
Deloitte, LLP
Buena Vista Foundation Harden Healthcare, LLC
Development 2000, Inc.
Burt-Watts Industries, Inc. Harvey-Cleary Builders
Diann Cowling
Capital City Partners Haynes Whaley Associates, Inc.
DLA Piper US LLP
Capitol Anesthesiology Association HDR Engineering, Inc.
Dominion Advisors
Capitol Market Research, Inc. HealthCare Facilities Development
Don Hewlett Chevrolet-Buick Inc. Corporation
Cappello Group, Inc. Don Martin Public Affairs Heldenfels Enterprises, Inc.
Carollo Engineers Door Number 3 Hester Capital Management, LLC
Carr, Riggs Ingram, LLC Doucet Associates, Inc. Higginbotham Associates, Inc.
Catapult Systems, Inc. Drenner Golden Stuart Wolff, LLP Hill Country Electric Supply
Cathy Coneway Duncan Commercial, LLC Hillhouse Realty, Inc.
CB Richard Ellis Durbin Bennett Peterson Private Hilton Austin
Cedar Park Economic Development Wealth Management, LLP
Corporation Historic Norwood Tower
Eckert Insurance Group, Inc.
Cencor Realty Services/ HMG Associates, Inc.
Elgin Economic Development
The Weitzman Group/Cencor Urban Corporation Holtzman Partners LLP
Central Texas Angel Network Elizabeth Christian Associates Home Builders Association of
CCIM Central Texas Public Relations, Inc. Greater Austin
Champion Partners Ltd. Ellis Salazar Garage and Body Shop Horizon Bank, SSB
Christianson Air Conditioning Engelking Communications LLC Howdy Honda
Plumbing
23. 21
Huston-Tillotson University Morrison Head, LLP STG Design
Hutto Economic Development Multimedia Games, Inc. Strait Music Company
Corporation Munday Enterprises Studio 8 Architects, Inc.
Hyatt Regency Austin NAI REOC Austin Summit Commercial
Imagecraft Exhibits NorthMarq Capital, Inc. SVTC Technologies, Inc.
Independence Title Company Nyle Maxwell of Austin, LLC T. Stacy Associates, Inc.
International Bank of Commerce O’Connell Robertson Taylor Commercial Real Estate
Intersil Corporation Oden Hughes LLC Taylor Economic Development
Intertech Flooring Padgett, Stratemann Co., L.L.P. Corporation
Ironwood Real Estate Park Central TDIndustries
Jacobs Engineering Group, Inc. Patten Law Firm Teeple Partners, Inc.
Jarrell Economic Development Perficient, Inc. Terracon Consultants, Inc.
Corporation Terry McDaniel Company
Pflugerville Community
Jeff Stewart, CCIM Development Corporation Texas Capital Bank, N.A.
Jerald Winetroub Company PlainsCapital Bank - Congress Texas DPS Credit Union
Jim Cotton PMB Helin Donovan, LLP Texas Enterprises, Inc.
Jimmy Evans Company Porter Company Texas Health Credit Union
Joe Bland Construction, L.P. Powell, Ebert Smolik, PC Texas Realty Capital, LP
John C. Lewis Company PricewaterhouseCoopers, LLP Thomas Graphics, Inc.
Journeyman Construction, Inc Prime Strategies, Inc. Thompson Knight LLP
Keller Williams Realty Prosperity Bank Time Insurance Agency
Kennedy Wilson, Inc. Ranger Excavating, L.P. Tokyo Electron U.S. Holdings, Inc.
KPMG LLP Reznick Group, PC - Austin Office Tom Terkel
Larry Peel Company Rifeline, LLC Transwestern Commercial Services
Lee Tilford Agency River Place Corporate Park Treaty Oak Bank
Lexus of Austin RKB Contractors, Inc. Trimbuilt Construction, Inc.
Lila Nelson Beard Rockford Business Interiors Trinity Real Estate Finance, Inc.
Lockhart Economic Development Round Rock Economic United Commercial Realty
Corporation (LEDC) Development Partnership Urbanspace Realtors, LLP
Longaro Clarke, Inc. SACHEM, Inc. vcfo, Inc.
Lott Brothers Construction Saunders, Norval, Nichols, Atkins,
Company, Ltd. Versata, Inc.
L.L.P.
Luminex Corp Walker Engineering, Inc.
Schlosser Development Corporation
Martine Properties, Inc. Walt Penn
Schmidt Electric Company, LP
Matt Mathias Company Walters Southwest
Silverback Acquisitions
Maxwell Locke Ritter LLP Weaver, LLP
SpawGlass Contractors, Inc.
McGarrah/Jessee L.P. Wheeler Fairman Kelley
SpawMaxwell Company a Balfour
McGinnis, Lochridge Kilgore Beatty Company Workman Commercial
Construction Services, Ltd.
McLean and Howard LLP Spear Street Capital
Workplace Resource
Meador Jones, LLP St. Croix Capital Corporation
Wortham Insurance Risk Management
MHBT Inc. Staats Falkenberg Partners, Inc.
Zapalac/Reed Construction
Moore Associates, Inc. Steve Hall Company, L.P.
Moreland Properties, Inc. Steve T. Matthews Company
OPPORTUNITY AUSTIN 2011