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Tag Archives: Economic Development Incentives

Local leaders say Samsung deal could boost middle-skill jobs

As city staffers continue to work behind the scenes negotiating an economic incentive package with Samsung to bring a $17 billion manufacturing operation to Austin, some local leaders see the deal as a large positive step for increasing so-called middle-skill…

Travis County bush

Project Silicon Silver proceeds at a gallop

On Tuesday the Travis County Commissioners Court held a discussion on “Project Silicon Silver,” widely speculated to be the alias for chipmaking giant Samsung’s development contract. The discussion centered around acceptance of the preliminary application, along with a corresponding $150,000…

Travis County approves Tesla incentive deal

On Tuesday, the Travis County Commissioners Court approved a $13.9 million tax rebate deal to coax Tesla to build its “Gigafactory” in southeastern Travis County. The tax rebate is based on a $1.1 billion investment from Tesla and will be paid…

Discussion about Tesla tax break drags into second day of discussion

The debate surrounding the proposed incentive package designed to coax Tesla to make its new home in Travis County will continue at the Commissioners Court on Wednesday. After taking public testimony for the item on July 7, the commissioners unanimously…

Featured Collection: Sixth Street

Stream reveals details of six possible new Sixth Street music venues

Stream Realty Partners is eyeing the possibility of turning at least six of its properties on East Sixth Street into music venues, including a plan to convert the former Buffalo Billiards space into a daytime food hall with music in the evenings.…

County development incentive for Tesla sees more support

This Tuesday, the Travis County Commissioners Court once again opened the floor to public testimony regarding the development incentive package for Tesla’s proposed “Gigafactory” in southeastern Travis County. The court took no action on the matter. Over a dozen speakers…

Travis County considers 80% tax break to coax Tesla

Electric vehicle company Tesla is considering moving to southeastern Travis County to build its “Gigafactory” where it will construct its much-hyped Cybertruck. To entice the California company to make its home in Texas, Travis County is proposing giving the company…

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Commissioners approve 'pause' on economic incentives

Looking ahead to years of belt-tightening due to property tax limits put in place by the state, Travis County leaders say the county may not be able to afford offering tax incentives to companies to create jobs locally. The Commissioners…

Merck withdraws from economic incentive plans

Pharmaceutical giant Merck has notified City Manager Spencer Cronk that it is terminating its incentive agreement with the city effective June 23. As a result, Merck will not have to comply with the terms of the agreement, which included an…

Austin Police Department Budget, 2012-2022

During the 2020-21 budget process, City Council cut $31.5 million from APD’s budget, citing the protests and “community outcry against the disproportionate impact of police violence on Black Americans, Latinx Americans and other non-white ethnic communities,” according to the approved…

Council wants to look at 380 agreements again

A $165,000 economic development agreement between the city of Austin and Austin Community College to help the college provide and maintain what is described as “leading edge” technology equipment for ACC’s fashion incubator could be an early casualty of Council’s…

Incentives or no, Amazon growing in Austin after nixing New York

The announcement Thursday that Amazon is canceling its planned HQ2 facility in Queens, New York, confirmed what many business and policy watchers in Austin have predicted: In the coming years Austin will see a slice of the 25,000 planned jobs…

Council approves plan to revamp incentives, with small businesses in mind

City Council voted Thursday to approve the framework for a restructuring of the city’s economic incentives programs, with the goal of increasing small business growth and improving job opportunities for lower-wage and middle-skill workers. The 9-1 vote saw Council Member…

Council considers which strings to attach to corporate incentives

After postponing action earlier this month, on Thursday City Council will again consider establishing new rules regarding economic incentives for businesses. Council members plan on considering a number of amendments to the proposal aimed at ensuring that public dollars are…

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