Apple and Google aren't the only tech giants looking to Austin for expansion. In an announcement Tuesday, Oracle revealed plans to build a massive campus near Lady Bird Lake.
The computer technology company is poised for major growth, and the Capital City is the perfect home for future development.
"Austin was a natural choice for Oracle," said senior vice president of Oracle Direct, Scott Armour, in a statement. "We already have a high-performing employee base in the region, and the surrounding technology community is teeming with creative and innovative thinkers."
The Austin American-Statesman reports that the new facilities will be located just east of I-35. The 560,000-square-foot campus will house current Austin employees, allow for consolidation of the company's operations in Oregon, and have plenty of room for additional job opportunities.
Oracle plans to grow its Austin employee base by more than 50 percent over the next few years. New jobs will mostly be related to Oracle's cloud sales organization.
"Our state-of-the-art campus will be designed to inspire, support, and attract top talent — with a special focus on the needs of millennials," said Armour. Oracle will also purchase housing for employees to live affordably near the new campus.
"What Oracle is doing in Austin reinforces what I'm talking about when I say that great cities do big things, especially in the technology sector," said Mayor Steve Adler in the release. "I look forward to working with major employers like Oracle to tackle our biggest challenges, including mobility and affordability.