Three Austin companies recognized for job creation efforts
The Austin economy is improving, due in part to three local companies that added numerous jobs over the past year. In December 2012, Inc. Magazine named Austin's Surveying and Mapping, Xtreme Power and Volusion to its Texas Hire Power list, which ranks Lone Star State employers based on job creation and economic contributions.
According to the Austin Business Journal, the unemployment rate in Austin fell 1.7 percent between October 2007 and October 2012. New employment opportunities from some of the companies on Inc. Magazine's Hire Power list affected the job market, and may continue to do so over the next few years.
Take a look at how the three companies on Inc. Magazine's Hire Power List impacted the local economy over the past year, and how these businesses could affect people who are checking out some of the homes for sale in Austin.
Surveying and Mapping
Created in 1994, Surveying and Mapping specializes in geospatial solutions that help clients complete projects of any scale. The company features a wide collection of tools to help its customers achieve their goals, and has helped federal agencies, aviation firms and electric companies in the past.
In 2011, Surveying and Mapping earned between $50 and $100 million in revenue. The company ranked fourth among Texas employers by creating 207 new jobs and boosting its total workforce to 361 staff members.
With the addition of 191 new jobs to the Texas economy, Xtreme Power significantly boosted the state's presence in the energy industry. The company earned between $20 and $50 million in revenue in 2011, and its workforce rose to 231 employees.
Xtreme Power has been a Texas staple since 2004, and its staff members collectively have more than 125 years of experience in the energy sector. The business took fifth place among Texas employers on Inc. Magazine's Hire Power list and also earned a New Energy Pioneer award from Bloomberg this year.
People who are hoping to open new online stores can pursue solutions from Volusion. Ranked eighth by Inc. Magazine on its Hire Power List for Texas employers, Volusion provides an all-in-one e-commerce option that makes it easy for people to sell products across the internet.
Volusion offers ready-to-use templates and non-stop support for clients, and the company has already assisted more than 40,000 stores worldwide. More than $2.4 billion in transactions were processed with Volusion solutions in 2011, and the company significantly expanded its workforce to keep up with rising customer demands. Last year, Volusion added 176 employees to its team, which was the eighth-most among Texas companies.