Business

Economics, employment, jobs, real estate, taxes, economic development and incentives, workforce development, IPOs, investment and anything related to business in Austin and the Central Texas counties of Travis, Hays, Caldwell, Bastrop and Williamson

Editor's Note: This story contains images and language that some readers may find disturbing.

Mark Zuckerberg — one of the most insightful, adept leaders in the business world — has a problem. It's a problem he has been slow to acknowledge, even though it's become more apparent by the day.

Jorge Sanhueza-Lyon / KUT

A major new development on South Congress Avenue means several local businesses will soon be forced to relocate. So, what’s next for the iconic Austin corridor?

Miguel Gutierrez Jr. / KUT

Builders in Austin have long complained about the city’s notoriously slow permitting process. Now, the city is set to launch a new program that will offer a faster option - but it comes with some costs. 

Our cars and trucks are being made with more safety features. New technologies such as lane departure warnings, blind spot detection, vehicle stabilizers and anti-lock brakes can, and do, save lives.

Yet more people are dying on the nation's roadways — nearly 18,000 in the first six months of this year. That's a huge jump of 10.4 percent over the same time period in 2015, and it's part of a disturbing trend, according to federal officials, because traffic fatalities rose significantly last year, too.

Ilana Panich-Linsman for KUT

Rents are slowly getting more expensive across the nation, but a new report finds that they’re rising even faster for the lowest-priced properties.


Dell Technologies

Dell completed its merger with EMC Corporation today. The new merged company pushes Dell farther on its trajectory away from its roots as a computer maker in Round Rock.


A group of Texas craft brewery owners are suing to overturn a state law that affects their distribution rights.

   

Miguel Gutierrez Jr. / KUT

For years, residents of Del Valle have been asking city leaders to bring a grocery store to their neighborhood. But it hasn’t happened. So why is it so hard to do?

Favor

The Austin-based delivery company Favor has doubled its service zone, and it now covers an area stretching from Cedar Park to Slaughter Lane. The app-based service delivers everything from tacos to dry cleaning for a flat $5 fee, plus driver tip, and boasts an average 35-minute arrival time.

Favor has grown to serve more affluent and suburban areas, but the tech firm still provides relatively limited service in the less wealthy, minority neighborhoods of East Austin, Southeast Austin and Northeast Austin. Much of its delivery zone east of I-35 serves the most rapidly gentrifying neighborhoods.

Continuing its push into Web content and advertising, Verizon is buying Yahoo Inc. for about $4.83 billion in cash, the two companies confirmed Monday morning, ending a purchase process that began months ago.

The deal comes more than a year after Verizon paid $4.4 billion to acquire AOL, in a deal that was viewed as hinging on AOL's ad software and mobile video content.

Photo courtesy The Texas Tribune for KUT News

Gov. Greg Abbott is using this July Fourth weekend to urge British businesses to "declare independence" by moving to Texas — a pitch that coincides with the United Kingdom's own recent step toward sovereignty. 

KUTX

Two founding members of the company that puts on Austin’s Fun Fun Fun Fest have parted ways with Transmission Events, leaving the future of the annual music festival up in the air.

Graham Williams and James Moody allowed real estate company Stratus Properties, a minority shareholder of Transmission, to buy them out. Williams is taking half of Transmission’s staff with him and launching his own production venture called Margin Walker Presents (named for a Fugazi song/EP). He plans for the company to focus less on corporate events and brand activations and more on producing live music performances in clubs and bars. 

Hady Karl Mawajdeh/KUT

It’s a wet and rainy day in Austin, and a couple of doctors from Remedy Urgent Care are about to hit the road. It’s a relatively new business in Austin – opened just five months ago – and it’s part of this new trend of online businesses hoping to deliver a product to your door.


In its first-ever transparency report, Uber has revealed that it has given federal and local U.S. agencies information on more than 12 million riders and drivers between July and December 2015.

This kind of report is not uncommon in the tech industry, but this particular one does something extra: It uses the report to take regulators to task for what Uber sees as excessive data sharing, making a case that it frequently tries to narrow the scope of requested information.

Jorge Sanhueza-Lyon / KUT News

On South Congress, skyrocketing rents are forcing some local businesses to relocate. What does that mean for the area’s future? 


Curtiss Cronn/flickr

Black Friday is almost here – the day stores used to target as the start of the holiday shopping season. Now, they start holiday marketing and slashed prices as early as late October: It seems retailers have been marketing products with “Black Friday prices” or “doorbusters” since Halloween. KUT’s Jimmy Maas looks at what seems to be retail’s longest day: Black Friday.

Today is October 21, 2015, a day fans of the 1980s Back To the Future movie franchise have been waiting for all year: the day Marty McFly stumbles upon his older self, and discovers hoverboards, after traveling 30 years in the future in a flux capacitor-enabled DMC-12.

As it turns out, the company behind that time-traveling car has roots right here in Texas, thanks to a recent legal settlement. 


startupstockphotos/pexels

From Texas Standard: A Google-sponsored pitching event gives budding entrepreneurs the platform they need to get start-up capital.


What Does Texas Manufacturing Need To Bounce Back?

Sep 30, 2015
gratisography/Pexels

From Texas Standard: More than 28,000 jobs – that's what the manufacturing sector of Texas lost in the month of August, according to the Federal Reserve Bank of Dallas' manufacturing outlook report.


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