Austin Ranks in Top Ten Best Start-up Cities

Entrepreneur magazine’s August issue ranks Austin the tenth-best start-up city in America.
The magazine’s look at new business-friendly cities addresses issues such as government incentives, population growth, affordability of commercial rents, and openness to new ideas.
Entrepreneur calls Austin the “cross-pollinator” among the top 10 cities. The magazine cites the multiple "scenes" that shape Austin, from music to tech, and how they feed off of one another.
"Theoretically, people here are competing, but the opposite is happening,” Bijoy Goswami, founder of Bootstrap Austin told Entrepreneur. “Part of that Texas ethos has percolated into the entrepreneur scene: People in Austin just treat each other well.”
The magazine also highlighted Sweet Leaf Tea Co-founder Clayton Christopher as an example of one of Austin's brightest business minds. “There’s a cachet attached to Austin," Christopher said. "It’s the live-music capital of the world; it has good Texas values. Having Austin on our bottles has been a huge benefit."
The top ten cities in order are Las Vegas, Portland, Ore., Orlando, Fla., San Diego, Phoenix, Chapel Hill, N.C., Atlanta, Madison, Wis., Youngstown, Ohio, and Austin, Texas.For more information about Austin, please visit us at http://www.RomeoM.com

Central Texas foreclosures hit 5 month low

More good news for the Austin area. Residential foreclosures for the Aug. 4 auction are at a five-month low in Central Texas, reflecting a trend in other parts of Texas, according to data from Foreclosure Listing Service Inc. “The tide may have changed,” said George Roddy Sr., president of Foreclosure Listing Service, who said the figures offer hope that foreclosures postings may have reached a peak.

In Travis, Williamson, Hays and Bastrop counties, 1,072 properties were posted for the August auction, down 27 percent from 1,464 in July.

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