“It’s really an ideal combination of factors behind the tech boom,” said property investor Marcus Hiles. “Texas, of course, is a very business friendly state with zero personal income and corporate taxes. Besides economic incentives, Austin is also renowned for its culture and art, relaxed healthy lifestyle and great weather. Additionally, the University of Texas at Austin brings in many talented young people from all over the world who make the city their home.” A low cost of living combines with these elements to make Austin much more affordable than tech hot spots in pricier areas like Silicon Valley and New York.
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