I know that LA is more like the epicenter of the game industry over here, but you'd be surprised at the number of studios in Austin. Granted, not all are the large-scale developers that are always plastered on the news sites, but there are a good number located in Austin. Another user on this forum had posted a link a while back to gamedevmap.com, which is a useful tool. It has a listing of developers and publishers broken down by city, so you can see who is located where. I recommend giving it a look...I know I have been using it more often lately, and I love it.