Austin is now the 2nd fastest growing city in the U.S., says new report
KVUE — A new report ranks Austin as the No. 2 fastest growing U.S. city in 2022.
The report, released Tuesday, October 18, is part of the launch of the American Growth Project. The new initiative from the University of North Carolina's Kenan Institute of Private Enterprise aims to provide "up-to-the-minute economic data, analysis and forecasting for towns, cities and rural communities across the country," according to a press release.
The report, titled 2022's Fastest-Growing Cities in the U.S., Ranked, took a look at the nation's 50 largest metropolitan areas. San Francisco came in at No. 1, followed by Austin at No. 2 and Seattle at No. 3.
"Austin’s status as a technology hub along with its high concentration of venture capital, warm climate and vibrant cultural offerings lead to frequent comparisons with the Bay Area – and in fact, high-profile Silicon Valley companies, including Amazon, Google, Oracle and Tesla, have recently expanded their operations in Austin," the report reads in part.
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