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Tag Archives: economic development

EDC waiting on TIRZ formation while moving ahead with cultural trust funding proposals

The city’s economic development corporation is moving ahead with evaluating proposals from creative groups vying for some of the $16.9 million in cultural trust funds for creative spaces, but its role in helping manage development south of Lady Bird Lake…

Panelists look at impacts, opportunities brought by Tesla and others

With Austin an increasingly popular relocation choice for major companies and public institutions, the area’s infrastructure, employment dynamics and education systems are in for significant impacts in the coming years. That was the messages panelists had for local real estate…

With Council approval, new EDC moves forward

City Council has approved the interlocal agreement that will allow the newly created Austin Economic Development Corporation to begin conducting its business, which will be focused around real estate projects addressing affordability and gentrification concerns. The unanimous vote last week…

EDC creators explain priorities for creative space, affordable housing

Some of the main architects of the city’s fledgling Economic Development Corporation assured members of the local real estate and development community Wednesday that the entity was not created to interfere with or compete for private sector business deals. That…

Featured Collection: Austin Energy 2022 rate case

Austin Energy ramps up outreach for proposed rate changes

Austin Energy has entered the public hearing phase of its base rate review process, following its proposal to raise service costs. The monthslong dialogue with stakeholders and city staff, slated for resolution by City Council in November, has surfaced predictable…

Council requests emergency economic development corporation

As part of the Save Austin’s Vital Economic Sectors program, City Council is seeking to expedite formation of the Austin Economic Development Corporation, an entity that may be able to help refine and administer the long-term sustainability component of SAVES.…

Council eyes September for EDC creation, with S. Congress and music venues as priorities

City Council is expected to vote next month to approve the legal documents that would create an economic development corporation, or EDC, that many members see as a remedy for threatened arts spaces, housing for the homeless and other real…

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Austin may get an economic development corp.

City Council appears to be moving cautiously toward creation of a local economic development corporation that would be totally separate from the city but governed by a Council-appointed board of directors. People unfamiliar with such entities may naturally wonder why…

Workforce startups targeting gaps between workers, training programs

Last fall, Adam Chasen started looking at the many difficulties and inefficiencies Austin’s workplace training ecosystem has with linking up with prospective workers looking to move into higher-paying careers in fields like information technology and manufacturing. It became the mission…

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 action on city-owned vacant lots

City Council is looking to more than a dozen city-owned properties as opportunities to provide affordable housing, arts spaces, parkland and economic development, in some cases looking to emulate past developments on public land, such as Mueller and Seaholm. City…

Accelerator targets gap between businesses, middle-skill workers

Middle-skill job growth, specifically Austin’s problem of matching longtime residents with jobs in growing industries, is the next target for the Impact Hub social improvement accelerator. The hub, which operates from sites in North and South Austin, is taking applications…

Could Austin be prime location for Amazon HQ?

To hear the Austin tech community talking on Thursday, it was a foregone conclusion that online retail giant Amazon will become Austin’s largest employer and have a major physical footprint here within the next decade. That prediction came about following…

Houston plans to be strong advocate for District 1

District 1 Council Member-elect Ora Houston says that while her new office will be downtown at City Hall, she does not plan to become a stranger back in her Northeast Austin district. “One of the things I have found is…

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