Texas’ capitol defers completely to state government. Aside from certain food and health-related businesses, Austin amazingly requires only state business licenses. This makes setting up shop in Austin simple and easy. Local entrepreneurs must of course comply with all state and federal regulations – but often can get up and running in a very short time. Although government plays a significant part in Austin's economy, has become overshadowed by Austin's strong and growing tech sector. With a range of electronics makers, software developers and Internet companies, Austin is Texas' Silicon Valley. New biotech and pharmaceutical sectors are also developing, making Austin a center for science.