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Tag Archives: Economic Development Department

Virtual reality expected to help city attract billions in foreign investment

Through the use of virtual reality, the city of Austin is turning to the thriving local video game industry to help attract overseas investors and billions of dollars in new economic development money. The hope is that local developers can…

Character, retention of businesses fuel expansion of Soul-y Austin

Though he works on the very same block, Josh Blaine had never been inside East Austin’s Vortex theater prior to attending a meeting of what is now the Manor Road Merchants Association. But as manager of the In.gredients neighborhood grocery…

City lands $10 million "minibond" agreement to save endangered music venues

The city of Austin will team up with private investors to save some of the city’s most iconic — and increasingly economically distressed — music venues through a new program announced prior to Thursday’s City Council meeting. Mayor Steve Adler announced…

Adler: Business incentives shouldn't be 'bad word'

In a booming city with an unemployment rate south of 3 percent, it’s not surprising that people might be skeptical of spending taxpayer dollars to lure more jobs into town. In a recent survey of Austinites about city spending priorities,…

Music Commission to tackle licensing issues

Although the city’s Music and Entertainment Division is billed as “an economic development accelerator and centralized resource center for Austin’s music industry,” program manager Don Pitts says he spends about 70 percent of his time on permitting issues. Aiming to…

Tovo finds an apparently painless $2 million cut

After its second day of budget deliberations and numerous additions for quality-of-life programs, City Council still needed to find or trim an additional $1.2 million to $1.3 million in order to balance the budget for Fiscal Year 2015-16. A city…

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City seeks to "empower" Red River district

With news spreading about the struggles of several music venues in Austin’s Red River Cultural District, many have raised concerns about the future of the area’s identity. Meanwhile, the city is rolling out a new plan that could help give…

Chapter 380 won't stop firms from tax protests

City Council Member Kathie Tovo’s attempt to prevent companies that enter into Chapter 380 economic development agreements with the city from appealing their property tax appraisals ended with something considerably less than that Thursday, after Council members heard from a…

Council OKs 'local' loan for planned hotel franchise

Questions from City Council Member Katie Tovo about a proposed Family Business Loan led to an illuminating discussion at Thursday’s Council meeting about what the word “local” really means. Tovo said she was surprised to find out that the program…

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