Austin Business News - Local Austin News | Austin Business Journal

A look at T.C. Broadnax's business-related track record
T.C. Broadnax, Austin's next city manager, has a background in facing the issues that negatively impact Austin and its business community today, however his work history has not always been without tension.

Austin startup HomePoint raises $2M for subscription-based luxury home maintenance
A new Austin startup, led by former executives from Spredfast and Shazam, has raised funding to help it grow its luxury home maintenance services business. In this story, you'll learn about the company's business model, why its targeting the luxury market and how it provides tech industry-type benefits for its handymen. At the end of this report, check out a list of fastest-growing private companies in the metro.

In return to Austin, Cedar Park's new economic development director says 'sky's the limit'
Relationships helped seal the deal for Jackson to take over as Cedar Park's chief economic development officer earlier this month. He handled economic development at Opportunity Austin from 2015 to 2021 and had since been serving as senior vice president of the Tulsa Regional Chamber in Oklahoma. He recently spoke with the ABJ about how he intends to grow a suburb that already has a stout reputation for raking in residents and businesses. He explains things like why "you won't see any of the big gigafactories out here in Cedar Park."

Drone boat startup Saronic plans hiring spree for manufacturing, tech roles
The drone boat market is projected to grow from $6 billion this year to $12.2 billion in 2032. Austin-based startup Saronic said this week it's ramping up production of its vessels and plans to hire dozens in the next few months. That includes manufacturing roles that might come as welcomed news to some of the 2,700 people recently laid off from Tesla's Travis County factory. At the end of this report, check out a list of the largest tech employers in the metro.

Pearlstone Partners opens latest condo tower in Rainey Street district
The condos add to Pearlstone's impressive portfolio. The local development firm also has a full pipeline of in-development and under-construction projects on the way.

Texas Division of Emergency Management plans $423M HQ, operations center in SE Austin
The new project will be a major improvement over TDEM?s current offices, located at the Texas Department of Public Safety at 313 Anderson Lane, which has limited meeting space. At the end of this report, check out a list of commercial property development firms in the Austin area.

Austin-based United Steel Supply to invest millions in new Indiana facility
An Austin-based steel company is making a big investment in the Ports of Indiana - Jeffersonville to open a steel processing and painting facility.

Link Logistics, a Blackstone subsidiary, plans to redevelop North Austin business park with housing
Link Logistics plans to build more than 200 new apartments along North Lamar Boulevard. This project marks a continuation of density-focused development along Austin's key thoroughfares. Included is a list of the city's leading multifamily developers.

Austin Icons: Juan in a Million is an East Austin staple that's withstood a wave of change
It's all about family at Juan in a Million, a restaurant that's just about the only one that hasn't changed in this East Austin neighborhood. This is part of ABJ's Austin Icons series, which shines the spotlight on the local brands that make this city what it is. In this report, Juan himself discusses how he's kept his business and employees around for so long.

Expedia to make second round of layoffs in Austin this year
Expedia, which owns the home-sharing app VRBO, plans to lay off more Austin-area employees. This is the second round of cuts for the company in 2024. In this story, learn about the headwinds the company is facing and its history of trimming staff.