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By Andrea Guzmán

Company relocations and expansions are driving record levels of job creation in Central Texas.

Data compiled by Opportunity Austin, the economic development arm of the Greater Austin Chamber of Commerce, shows companies have promised to bring roughly 23,150 jobs across the metro, beating out the previous record of 22,114 jobs for all of 2020.A major job propeller came at the end of November with the announcement that Taylor will be the site of a new Samsung chip-making facility, serving as the largest ever foreign direct investment in the state. Winning the plant through incentive programs and talent pool, Samsung expects to bring 2,000 high-tech jobs, thousands of indirect jobs, and at least 6,500 construction jobs.

Through November, 126 companies in Central Texas have chosen to expand, and 86 relocated. Still, December could see additional expansions and relocations. The Austin Chamber of Commerce reports that the capital city is the second-best major job market in the U.S. In August, Austin surpassed the jobs total it had in the last pre-pandemic month, which was 1,142,400 jobs in February 2020. Then in October added 18,300 jobs, the largest monthly gain since June 2020.

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Sairam Kota

Sairam is an experienced multifamily deal sponsor and asset manager for 738 units, a key principal in 332 units and limited partner in 1000 units. He has a strong experience in asset management, property reposition, income generation, implementing operational efficiencies and cost reduction. Sairam is a licensed Real Estate Broker in the state of Texas. He is a successful IT Consultant with 20+ years of experience in corporate America.