SAN ANTONIO – Television streaming giant, Hulu, expects to spend an estimated $13 million renovating a new 45,000-sf campus.
The company expects to lease and renovate a building at 4511 Horizon Hill Blvd. with renovations estimated at more than $12.92 million.
Hulu will hire 300 workers for its opening in fall 2017, and will reach 500 workers by year-end 2018.
The City and Bexar County offered a generous package of tax incentives, coupled with a $1.3 million cash grant Gov. Greg Abbott pledged from the Texas Enterprise Fund.
Sixty-five of the jobs will pay more than $50,000 a year—the minimum needed to qualify for the incentive packages offered by the city and county.
The other jobs must pay at least $11.83 an hour, the city's current living-wage standard and after two years, 70 percent of Hulu's employees must be paid $15.68 an hour, or about $32,000 a year.