Ebrochure Georgetown_Flyer View Doc | Page 19

Business Climate 19 A diverse mix of successful businesses creates a strong and stable economic base making Georgetown a Metro Area leader. Local businesses credit Georgetown’s educated and motivated workforce, strong sense of community, entrepreneurial camaraderie, low taxes, low utility rates, and exceptional quality of life as key factors to their business success. There are currently over 1,300 businesses in Georgetown with five or more employees. Of those, over 600 businesses have more than 10 employees and over 300 have more than 20 employees. Georgetown's labor shed Extends far beyond the city’s formal boundaries, from south Austin to Temple alongside interstate 35 and encompasses more than 700,000 workers. Georgetown’s Labor Shed is composed largely of young professionals, with more than a third of workers between the ages of 25 and 44. The Labor Shed is also very well educated – more than 40% of individuals living in the Labor Shed possess a bachelor’s degree or higher level of educational attainment. More than 70,000 workers in Georgetown laborshed