Sections

About Us

 
Make a Donation
Fully-Local • Non-Partisan • Public-Service Journalism
 

Commissioners to vote on incentives for Charles Schwab

Tuesday, July 29, 2014 by Michael Kanin

In a late addition to its agenda, the Travis County Commissioners Court will hold a public hearing today on a proposed economic incentive agreement with Charles Schwab Corporation, which is proposing a major a expansion of its Austin operations. Last week, the Texas Enterprise Fund approved a $4.5 million investment in Schwab’s Austin expansion, which is expected to create 823 new jobs and bring $210 million in capital investment into Austin. Commissioners will consider a 48.4 percent tax rebate based on the financial services company’s job creation and capital investment over a 10-year period. County officials did not put a dollar figure on the agreement, but critics of the deal are saying it could cost as much as $8.4 million. Commissioners will not vote on the deal until next week. ChangeAustin.org, Brian Rodgers’ public interest group, plans to be on hand for today’s public hearing to protest the deal.

Join Your Friends and Neighbors

We're a nonprofit news organization, and we put our service to you above all else. That will never change. But public-service journalism requires community support from readers like you. Will you join your friends and neighbors to support our work and mission?

Back to Top