Tag Archives: Economic Development Incentives

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.”…

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…

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.

Wednesday, June 11, 2014 by Jo Clifton

Tovo, Martinez disagree with Mayor over rejection of incentive deals

After learning Monday that National Instruments and Dropbox terminated economic incentive agreements with the city, Austinites learned Tuesday that a third company, U.S. Farathane, also ended its participation in the program which gives companies tax breaks or fee waivers in…

Tuesday, June 10, 2014 by Mark Richardson

National Instruments nixes expansion; Mayor calls incentive rules onerous

National Instruments, the Austin-based high-tech firm with a global reach, has opted out of an estimated $7.4 million economic development deal with Austin, Travis County and the State of Texas. The deal, struck in mid-2013, would have brought as many…

Tuesday, April 22, 2014 by Michael Kanin

Eco Development staff pitches city incentive plan for film producers

City of Austin Economic Development staff briefed City Council members Thursday on a proposed new set of incentives aimed at creative industries such as film, television and computer gaming. The package, set for a vote May 1, would offer production…

Friday, February 21, 2014 by Michael Kanin

Council approves economic incentive deals for Websense, Dropbox

Austin City Council members Thursday approved nearly $700,000 in non-property tax based incentives in an attempt to lure two new tech firms, Websense and Dropbox, to Austin. The deal came on a 5-2 tally with Council Members Laura Morrison and…

Thursday, February 20, 2014 by Michael Kanin

Council members OK Websense, Dropbox incentive deals

Austin City Council members today approved nearly $700,000 in economic development incentives designed to lure Dropbox and Websense to the capital region. The agreements will come with stipulations for the creation of 540 new jobs and millions of dollars worth…

Friday, February 14, 2014 by Jimmy Maas

Report says key to Austin’s economic success is staying on top

Austin’s economy – if statistical rankings can be believed – is currently among the best in the country. Judging by those rankings, the city is at or near the top of many publications’ lists for job creation, business environment, places…

Friday, February 14, 2014 by Michael Kanin

Council discusses economic incentives for Dropbox, Websense

Austin City Council members Thursday got their first public look at the data behind a potential incentives deal designed to lure two more technology companies, Websense and Dropbox, to the city. Though whispers – and Council debate over an eventually…

Friday, February 7, 2014 by Jo Clifton

Two more tech companies seek incentives from state, city

Both the City of Austin and the Office of Governor Rick Perry announced two separate economic development incentive proposals Thursday that they say would bring 640 new full-time jobs and a capital investment of more than $15 million to Austin.…

Friday, January 31, 2014 by Chris Thomas

Split Council passes economic incentive deal for Athenahealth

City Council members approved on a 5-2 vote an incentives package aimed at bringing Massachusetts- based Athenahealth to the city. The move came as Council Members Laura Morrison and Kathie Tovo continued to question the appropriateness of the city providing…

Friday, January 17, 2014 by Jimmy Maas

Travis County approves economic development incentives rules

Finalizing an effort that has been months in the making, the Travis County Commissioners unanimously approved revised economic development incentives for the county Tuesday.   “It’s been a struggle working on this and I think we’ve done a pretty good…

Friday, January 10, 2014 by Mark Richardson

Eckhardt criticizes McCombs for seeking tax breaks, suing appraisal district

Travis County Judge candidate Sarah Eckhardt continued her verbal campaign against billionaire businessman Red McCombs Thursday, taking him to task for asking taxpayers to contribute millions of dollars to build the Circuit of the Americas race track but going to…

Wednesday, December 18, 2013 by Mark Richardson

Commissioners still pondering prevailing wage questions

Travis County Commissioners found themselves in the middle of tug-of-war Tuesday over proposed policy changes to the county’s Economic Development and Construction Procurement Practices. The issue of the county requiring a prevailing wage of $11 per hour for all construction…

Tuesday, November 5, 2013 by Mark Richardson

Arizona wins new Apple manufacturing plant

Apple announced Monday that it plans to open a manufacturing operation in a Phoenix suburb that will eventually create up to 2,000 jobs making sapphire glass for a number of the company’s products. The deal was announced Monday by Arizona…

Wednesday, October 30, 2013 by Mark Richardson

Austin may be competing with Phoenix for new Apple facility

Phoenix and Austin could be in competition again, this time in a race to lure Apple to manufacture computers in a local facility with the possibility of hundreds of jobs and millions in economic development to either region.   An…

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