Tag Archives: Economic Development Incentives

Tuesday, February 9, 2021 by Chad Swiatecki

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…

Friday, January 29, 2021 by Seth Smalley

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…

Wednesday, July 15, 2020 by Jessi Devenyns

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…

Wednesday, July 8, 2020 by Jessi Devenyns

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…

Wednesday, July 1, 2020 by Jessi Devenyns

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…

Wednesday, June 24, 2020 by Jessi Devenyns

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…

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…

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…

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…

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…

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,…

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…

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