Matthew Price

Business
3:19 pm
Thu July 24, 2014

What's Next for Austin's Creative Economy?

Rooster Teeth Founders (pictured left to right) Matt Hullum and Bernie Burns
ChinLin Pan/KUT

According to Forbes.com, since 2001 tech firms like Apple, Google, and Facebook have expanded employment by 41 percent. This has lead to Austin resembling a smaller Silicon Valley – and Texas as a whole altering the face of its economy.

In keeping with Austin's renowned music scene, many of the region's exports are less about tangible services and more about entertainment and innovative ideas and applications. Economist and author Richard Florida christened such a move to a arts and knowledge-based economy as "The Rise of the Creative Class."

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