Tag Archives: Economic Development Incentives
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…
Budget • By Jo Clifton • Sep 10, 2015
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.”…
Budget • By Jo Clifton • Aug 11, 2015
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…
Local Government • By Mark Richardson • Dec 15, 2014
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…
Local Politics • By Elizabeth Pagano • Aug 11, 2014
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…
Local Government • By Beth Cortez-Neavel • Aug 6, 2014
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…
Local Government • By Beth Cortez-Neavel • Jul 30, 2014
Subscribe to our newsletter
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.
Development • By Michael Kanin • Jun 17, 2014
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…
Development • By Jo Clifton • Jun 11, 2014
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…
Development • By Mark Richardson • Jun 10, 2014
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…
Development • By Michael Kanin • Apr 22, 2014
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…
Development • By Michael Kanin • Feb 21, 2014
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…
