AUSTIN It's official. Google Fiber is coming to Austin.

On Tuesday Mayor Lee Leffingwell made the announcement that the Internet service will be coming to the Capital City in the middle of 2014.

Google Fiber brings Internet speeds that clock in 100 times faster than any other service. Tech experts say the service will boost Austin's economy by luring in a whole new group of tech companies.Speculation swirled around an expansion for Google Fiber last week. Google executives wouldn't confirm, but several anonymous City of Austin sources told KVUE it’s coming to town.

Austin is the second city in the nation to get the service. Currently it's only available in Kansas City.

"I think it's great. I think it's a technology advancement for Austin and I think it'll really move us forward," said one Austinite.

"Basically any start up that could live in a residential house, now it's more attractive to live in Kansas City, and the same could happen in Austin," explained Austin tech blogger Tom Cheredar.

Governor Rick Perry also attended the announcement, stating that Austin is helping change the world.

"With the installment of Google Fiber, the case can be made that Texas is one step closer to becoming the nation’s next technological hub, inviting some of the boldest and most creative visionaries to call Austin their home,” Perry said. “This announcement plays right into the Texas tradition of freedom, enterprise and innovation, proving that companies and their community’s connection with the Internet has never been more essential to operate.”

The service looks to be affordable as well, though a Google Fiber spokesperson said Tuesday pricing for Austin had not yet been set.

In Kansas City, customers get regular broadband speed service for free with a one-time installation fee of $300. Otherwise the faster gigabit service costs $70 per month.

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