Visa may swipe Austin for new global centerVisa may swipe Austin for new global centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=88622012-12-04T07:15:00Z2012-12-04T00:00:00Z

AUSTIN - Visa Inc. has tentatively agreed to build a major global information technology center in Austin that would create 794 new jobs within five years.

The jobs would have an average annual wage of $113,351.

The breakdown would be 51 managers, 77 supervisors, 642 staff workers and 71 entry level jobs. The staff workers are expected to have average wages of $95,000.

The company has agreed to fill at least 70 percent of the new jobs in Austin with local hires.

Visa expects to locate its center in a 175,000-sf building at 12301 Research Blvd. in Northwest Austin. It estimates it will spend $27.2 million on property and equipment in the project by the end of 2015.

The state has offered Visa $7.9 million in incentives for the project through the Texas Enterprise Fund. The city’s fiscal impact analysis estimates the Visa facility would have a net benefit to Austin of $6.9 million over ten years.

The Austin City Council is expected to vote on the incentives offer at its regular meeting Dec. 6.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
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