DALLAS--(BUSINESS WIRE)--America’s capital investments have experienced a powerful upsurge, enjoying a ten percent growth as compared to the year before 2015, which currently equals $166 billion. As Dallas-based real estate investor Marcus Hiles notes that almost a third of the proceeds are coming from Texas, he is convinced that the Lone Star State has not only displayed the potential for sustainable economic growth, but has also become vital to the success of the American economy.
As a whole, U.S. capital investment rose $16 billion from 2014, according to a report from multinational firm Ernst & Young. Texas recorded $48.3 billion in business financing, which ranked first in the country, and the Gulf Coast states, traditional leaders in the energy industry, attracted the most investors for the fifth year in a row. The Lone Star State shined in the financial, chemical manufacturing, oil and gas, technology, and professional service fields, as exemplified by their 38,400 mobile project jobs, the greatest number nationwide.
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. 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.
About Western Rim Property Services:
Western Rim Property Services, Inc. develops, owns, and manages apartment homes in Dallas/Fort Worth, Austin, New Braunfels, San Antonio, and Houston, Texas. Known to offer a contemporary, high quality and luxurious lifestyle to its residents, the firm’s mission is simple: build the highest quality homes in the very best locations, maximizing views with signature amenities, in superior school districts. This assures a rapid lease-up and excellent customer acceptance.