Tag Archives: Economic Development Incentives

Friday, August 2, 2019 by Jack Craver

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 Court…

Wednesday, July 3, 2019 by Jo Clifton

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…

Wednesday, June 19, 2019 by Jo Clifton

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…

Friday, February 15, 2019 by Chad Swiatecki

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…

Friday, August 31, 2018 by Chad Swiatecki

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 Ellen…

Wednesday, August 29, 2018 by Jack Craver

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…

Thursday, August 9, 2018 by Jack Craver

Council seeks to steer incentives from big business to local business

In Austin, the city’s practice of providing financial incentives for companies to relocate or move operations here has garnered plenty of criticism, ranging from outright opposition to the practice to concerns about whether the incentives are leading to jobs for…

Wednesday, December 6, 2017 by Jo Clifton

Changes proposed for Chapter 380 agreements

During Tuesday’s City Council work session, David Colligan, the manager of global business expansion in the Economic Development Department, and economist Jon Hockenyos presented an outline of their plans to revamp the city’s incentive policy for recruiting businesses under the…

Friday, September 22, 2017 by Jessi Devenyns

Austin’s creative culture holds weight in economic incentives revision

In response to City Council direction in March, Austin’s Economic Development Department has spent the better part of the year meeting with specific groups in the community that have a stake in how the city approaches policies such as business…

Monday, June 5, 2017 by Chad Swiatecki

Economic development sessions to target middle-class jobs, local business growth

A focus on middle-class job growth, workforce development and growing existing businesses are some of the priorities the city’s business boosters will emphasize this week during a series of community meetings intended to shape local economic development policies.The seven meetings…

Friday, April 14, 2017 by Chad Swiatecki

City approves Merck incentives, waits for decision on IT hub

Austin will provide up to $856,000 in economic incentives to pharmaceutical giant Merck Sharp & Dohme if the company chooses Austin as the site for a proposed information technology hub.By a 7-3-1 vote, City Council approved a Chapter 380 agreement…

Monday, April 10, 2017 by Chad Swiatecki

Pharma giant’s proposed incentives draw questions in first review

City Council members have tended away from using incentives packages in recent years, averaging one approval per year to lure large employers to the area. Based on questioning and feedback from an initial discussion last week, it appears that 2017’s…

Thursday, August 11, 2016 by Jack Craver

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, business…

Thursday, September 10, 2015 by Jo Clifton

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…

Tuesday, August 11, 2015 by Jo Clifton

Zimmerman seeks cut to Chapter 380 funding

City Council Member Don Zimmerman has proposed that Council cut by 50 percent payments to companies that have Chapter 380 agreements with the city, as a way to “reduce the tax burden by over $6.8 million without cutting city services.”Zimmerman’s…

Monday, December 15, 2014 by Mark Richardson

Some Commissioners question incentive deals

Travis County Commissioners reviewed the county’s economic development agreements last week, and despite the fact that they bring billions of dollars in investments and create thousands of jobs, some members of the court wonder whether the county really needs such…

Monday, August 11, 2014 by Elizabeth Pagano

Economic Development Department changing perceptions, funding

Changes are coming to Austin’s Economic Development Department this year, with a new source of revenue and a plan to change the public’s perception of its mission.As the FY2015 budget cycle gets into full swing, the city is in the…

Wednesday, August 6, 2014 by Beth Cortez-Neavel

Travis Commissioners OK incentive deal for Charles Schwab

Travis County approved the $8.5 million economic incentive agreement with Charles Schwab Tuesday morning, ensuring an Austin expansion of their offices and an estimated 823 new jobs for Austin within the next ten years. Charles Schwab will also get $4.5…

Wednesday, July 30, 2014 by Beth Cortez-Neavel

Charles Schwab wants $3.6 million tax rebate for Austin expansion

The Austin Chamber of Commerce urged Travis County Commissioners to enter an $8.5 million economic incentive agreement with Charles Schwab Corp., the San Francisco-based banking and brokerage corporation, at Tuesday’s regular session. The company is seeking $3.6 million in tax…

Tuesday, June 17, 2014 by Michael Kanin

Austin Monitor Radio, Show 3

Council Member and 2014 City of Austin Mayoral candidate Mike Martinez joins the Monitor‘s Mike Kanin and Mark Richardson to talk Economic Development incentives.

Back to Top