Incentives sweeten National Instruments agreementsIncentives sweeten National Instruments agreementshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=78122013-04-01T12:59:00Z2013-04-01T11:00:00Z

AUSTIN - The City of Austin and Travis County approved economic development agreements with National Instruments Corp. (NI) in exchange for creating 1,000 new jobs and expanding its Northwest Austin-based headquarters.

NI plans to construct a 300,000-sf facility at 11500 N. MoPac for office space and research and development.

Through the city’s deal, NI will receive $1.7 million over ten years, and the company agreed to pay all construction workers and full-time employees at least $11 per hour. The county’s deal would offer the company grants equivalent of up to 43 percent of the company’s property taxes over ten years.

The deals are expected to have a $7.6 million net benefit to the city and $3.9 million net benefit to the county.

See NI's employment story at NewsTalk Texas.

Community Impact Newspaper
Austin-Round Rock
http://impactnews.com/articles/city-and-county-approve-incentive-deals-with-ni/Read more at {Source}

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