Business

Nicole Cobler
Aug 12, 2022 - News

Where young Austinites go when they leave

Note: The analysis includes U.S. Social Security Number holders born 1984–1992 measuring their childhood locations at age 16 and young adult locations at age 26; Data: Center for Economic Studies, et al., 2022, "The Radius of Opportunity: Evidence from Migration and Local Labor Markets"; Chart: Skye Witley/Axios

The average young adult who grew up in Austin moved 173 miles away for their job, according to data by the U.S. Census Bureau's Center for Economic Studies (CES).

  • That's about nine miles below the national average.

Out-of-towners are wealthier than locals

Data: Redfin; Chart: Baidi Wang/Axios
Data: Redfin; Chart: Baidi Wang/Axios

The average newbie moving to Austin has a home buying budget that's about 7.6% higher than locals.

Why it matters: Central Texas became a destination for those looking to move during the pandemic, which made housing prices and the rental market soar beginning in 2020.

Nicole Cobler
Aug 8, 2022 - News

Pizza chain Via 313 workers plan to unionize

People gather outside near a black fence with two posters that read "union strong" and "Detroit style=union strong"
Via 313 workers rally in support of unionizing the local pizza chain. Photo: Nicole Cobler/Axios

Employees of Via 313 pizzerias say they have a "supermajority" of workers prepared to vote in favor of unionizing.

The big picture: The workers are part of three Via 313 locations — East 6th Street, Oak Hill and North Campus — and have filed for an election through the National Labor Relations Board.

Nicole Cobler
Aug 5, 2022 - News

Austin PBS moves to Austin Community College

KLRU's new site at the Austin Media Center at the ACC Highland Campus. Photo: Nicole Cobler/Axios

After a year-long delay, Austin's PBS station KLRU has moved to its new site at the Austin Community College Highland Campus.

The big picture: The station operated out of the University of Texas since 1979, but the community licensed television station will now be based at the Austin Media Center, the former site of the old Highland Mall in North Austin.

Asher Price
Aug 4, 2022 - News

Nonstop flights from Austin to Asia could be on the horizon

A Korean Air plane.
Could Korean Air flights soon make an appearance at Austin's airport? Photo: Robert Alexander/Getty Images

Nonstop flights from Austin to Asia could be around the corner.

The big picture: Regional investments by South Korean chip manufacturers plus a steroidally-fast-growing airport spell potential direct service from Austin-Bergstrom International Airport to Seoul or Tokyo.

Nicole Cobler
Aug 3, 2022 - Business

City accepting applications for art career training program

Illustration of a paint tube with money coming out.
Illustration: Allie Carl/Axios

The city wants to turn local artists into profitable business owners.

Driving the news: Economic development officials opened up applications for "Artist Career Training," a six-week business training program about planning, marketing and funding a business in the creative industries.

Nicole Cobler
Aug 2, 2022 - Business

Austin-based Tito's bucks seltzer trend with an empty can

Tito's limited-edition "Tito's in a Can." Photo courtesy of Tito's

We're living in a seltzer world, but Austin-based Tito's Handmade Vodka has no plans to jump on the trend.

Driving the news: Tito's launched a new marketing campaign Tuesday for "Tito's in a Can*," a limited edition, 16-ounce, insulated can.

Asher Price
Jul 29, 2022 - News

High-end kids' bikes maker opens up its Austin shop

Illustration of a pattern of bicycles.
Illustration: Brendan Lynch/Axios

A global bike brand whose U.S. headquarters are in Austin will open its showroom for the first time this Saturday.

The big picture: Woom and some other companies that specialize in lightweight, high-end bikes for kids are quietly revolutionizing how children learn to cycle.

  • Instead of the clunky, wobbly convention of training wheels, they start kids on pedal-less balance bikes, which little 'uns move Fred-Flintstone-style until they start gliding ... and then pedaling becomes a breeze.

Between the lines: The bikes get top reviews from Two Wheeling Tots.

Yes, but: Woom bikes are beautifully and thoughtfully designed — but pricey, with the first pedal bikes starting at $359.

What they're saying: "The mission is joyful, to get kids on a bike and learn lifelong healthy habits," Woom spokesperson Cristina Nguyen told Axios. "Getting out and enjoying each other’s company, and making magic moments is something we all need right now."

Zoom out: Woom was founded in Austria, but its U.S. headquarters opened in Austin in 2014.

Details: Families will be able to test-drive the bikes from 9am to 2pm at 8301 Springdale Road.

  • Woom will also open its showroom on other Saturdays: Aug. 27; Sept. 24; Oct. 29; Nov. 26; Dec. 10; and. Dec 17.
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