By Sarah Drake, Austin Business Journal
Austin made another national list for its strong economic factors.
For its “Top 12 American Boomtowns” list, Bloomberg ranked the fastest-growing metropolitan areas using a combined score based on population growth and growth in gross domestic product, adjusted for inflation.
Austin topped the list with 11.6 percent growth in population over five years and 3.26 percent GDP compound annual growth. U.S. Census Bureau data shows the Austin area’s population grew from nearly 1.59 million in 2007 to almost 1.78 million in 2011, the year for which the most current metropolitan statistical area GDP data are available.
Bloomberg attributes the Capital City’s strong growth to the South By Southwest festival and Round Rock-based Dell Inc.
“A high-tech job boost will come from Apple Inc., which is expanding its Austin campus with a new, 1 million-square-foot operations center that will be second in size only to its Cupertino (California) headquarters,” Bloomberg writes.