Salt Lake lands on MarketWatch list of top 10 cities for growing businesses

Published: Thursday, April 18 2013 12:21 a.m. MDT

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Associated Press
According to the MarktWatch analysis, there are now 17 companies on the New York Stock Exchange based in Austin, along with 25 firms on the Nasdaq.

Austin was tops among the cities studied in the total number of business establishments added, second in real GDP improvement and fourth in the ratio of patents secured, coming in behind San Jose, Boise and San Francisco in the third category.

Companies like Hanger Inc., a maker of prosthetic devices, have moved to Austin in search of a place to grow, a lower cost of living, lower taxes and a culture of innovation and creativity in potential employees in the area, Vinit Asar, Hanger's chief executive, said.

According to a 24/7 Wall St. report released in March, Americans paid an average of 9.9 percent of their income in state and local taxes. The Texas tax burden is lower than this, coming in at 7.9 percent. Taxes paid per capita averaged $3,104 with $0 in income taxes paid per capita.

>> This is the skyline of Austin, taken from Butler Park, looking towards Lady Bird Lake.
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