Tag Archives: Economic Development Incentives
Commissioners voice support for Tesla factory, community investment plan
The Travis County Commissioners Court defended tax breaks for Tesla’s factory in East Austin and approved the company’s plan to donate $750,000 as part of the tax incentive deal. This is more than double the amount – $298,000 – the…
Travis County • By Ken Chambers • Oct 30, 2023
Council approves incentives for NXP Semiconductors' $290M planned investment
The city has agreed to its first major economic incentive package in six years, with just over $1 million for a variety of uses headed toward tech manufacturer NXP Semiconductors N.V. That package will allow NXP, which has two major…
City Hall • By Chad Swiatecki • Sep 22, 2023
City, NXP to help fund child care through Chapter 380 agreement
City Council heard from more than a dozen people talking about the city’s proposed Chapter 380 agreement with NXP Semiconductors at Thursday’s meeting. Almost every one of them praised the company, which has been in Austin since 1974, operating two…
City Council • By Jo Clifton • Sep 15, 2023
Council hears details of proposed $1M incentive package for NXP Semiconductors
A Dutch semiconductor manufacturer with two factories in Austin has applied to receive the city’s first major economic incentive package since 2017. City Council heard details at Tuesday’s work session about the proposed agreement with NXP Semiconductors N.V., which is…
City Council • By Chad Swiatecki • Sep 13, 2023
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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…
Austin • By Chad Swiatecki • Feb 9, 2021
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…
Development • By Seth Smalley • Jan 29, 2021
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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…
Travis County • By Jessi Devenyns • Jul 15, 2020
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…
Travis County • By Jessi Devenyns • Jul 8, 2020
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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 • By Jessi Devenyns • Jul 1, 2020
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…
Travis County • By Jessi Devenyns • Jun 24, 2020
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…
Travis County • By Jack Craver • Aug 2, 2019
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 • By Jo Clifton • Jul 3, 2019
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