Austin’s tech sector quietly boomed amid the COVID-19 pandemic

Table of Contents Bracing for impact‘Silicon Valley 2.0’Tech jobs surge‘Austin’s star is pretty bright’ Even

Software giant Oracle announced in December that it was relocating its headquarters to Austin. Austin's tech sector has quietly been able to cement its status as a technology hub amid the coronavirus pandemic. Tech companies and workers have poured into Austin since March 2020.

Even as many tech workers have been handling their jobs from home offices or kitchen tables, Austin’s tech sector has quietly been able to cement its status as a technology hub amid the coronavirus pandemic.

From electric automaker Tesla choosing the Austin area as the site of its new $1.2 billion manufacturing facility to software giant Oracle relocating its corporate headquarters to Austin, the local tech industry saw significant wins over the past 15 months.  

As other industries grappled with how to stay afloat, new tech companies and workers have poured into Austin since March 2020, and the existing tech scene has seen continuing growth and steady hiring. 

The tech industry now makes up 17.1% of all jobs in the Austin metro area, according to a June report from the Austin Chamber of Commerce. In 2020, jobs in Austin’s high-tech industry grew by 3.5%, even as the metro area’s total number of jobs fell by 2.9%, according to the report.