Marcus Hiles notes that with a twenty percent increase from 2015, Austin led the state with $626 million. The tech hub saw its largest annual dollar figure since 2001, along with a mercurial rise to prominence, "Austin is a brand, and venture capitalists love it," said Bernard Weinstein, an economist at Southern Methodist University. The software industry claimed the majority stake of investments, with $328 million going into forty-two deals. Biotechnology and IT services followed suit, raising $120 million and $56 million, respectively.
Marcus Hiles, a renowned Texas business mogul and luxury real estate investor, founded Western Rim Property Services in 1990. As an avid philanthropist, he has donated over $2.5 million to public and private K-12 initiatives, after school and university career programs, worked to alleviate hardships for economically disadvantaged families, and funded the construction of two large churches in Texas and Massachusetts.
Marcus Hiles - Chairman & CEO of Western Rim Property Services: http://www.MarcusHiles-News.com
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Marcus Hiles (@marcus_hiles) - Twitter: https://twitter.com/marcus_hiles
Marcus Hiles - New Luxury Apartments in Frisco, TX - YouTube: https://www.youtube.com/watch?v=dmsJNbfOh-g
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SOURCE Marcus Hiles