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Complacency threatens Austin economy

(Photo:Shutterstock/RoschetzkyProductions)

Economic complacency could be putting Austin's future in danger, Austin Chamber of Commerce officials reported the city's job growth in the has primarily been tied to its population growth. The Chamber's Drew Scheberle said  that leaves the city more vulnerable to an economic downturn; those are jobs in schools, restaurants, and healthcare. For a balanced job growth across other industries, he added the city's lack luster incentives program needs to change. The Chamber's proposal would be for different projects focusing on separate needs of the city, like more middle income jobs or wanted to invest in hiring a major unemployed population, each would get a different deal. Instead of a system that places so many projects expectations on a business. He said this is why Austin has made only one such incentives agreement with a business in more than three years.
While Austinites may be enjoying the city's quality of life, Scheberle said the high cost of living is also a sign, something wicked could this way come, as local and state leaders do nothing about it. The legislature didn't make any headway on school finance reform and local taxes from the city of Austin and even Travis County are seeing proposed raises.

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