texas enterprise fund http://kut.org en City Council Approves Athenahealth Incentives Deal - But Not Unanimously http://kut.org/post/city-council-approves-athenahealth-incentives-deal-not-unanimously <p>Last night the Austin City Council approved a deal that offers nearly $680,000 dollars in incentives for <a href="http://www.athenahealth.com/">athenahealth</a> to expand in Austin. The grant will be offered in addition to a $5 million subsidy from Gov. Rick Perry's <a href="http://governor.state.tx.us/ecodev/financial_resources/texas_enterprise_fund/">Texas Enterprise Fund</a>.</p><p>But not everyone is happy with the deal. Some council members argue that the city’s booming economy doesn’t need to offer subsidies to bring business to Austin. (The deal passed on a 5-2 vote, with city council members Laura Morrison and Kathie Tovo voting no.)</p><p><a href="http://www.infactdaily.com/">Austin Monitor</a> publisher Michael&nbsp;Kanin&nbsp;says that this debate is heating up as council members become increasingly divided on the issue of business incentives.</p><p> Fri, 31 Jan 2014 17:45:55 +0000 Phoebe Flanigan 9688 at http://kut.org City Council Approves Athenahealth Incentives Deal - But Not Unanimously After a Red Scare, Texas Could be Sriracha's Solution http://kut.org/post/after-red-scare-texas-could-be-srirachas-solution <div><p>A nationwide shortage of&nbsp;Sriracha sauce has fans of the hot&nbsp;<span style="line-height: 1.5;">stuff in something just short of a panic, but one&nbsp;</span><span style="line-height: 1.5;">state representative has a plan for Texas to come to the rescue.</span></p><p><span style="line-height: 1.5;">State </span><a href="http://www.house.state.tx.us/members/member-page/?district=114" style="line-height: 1.5;">Representative Jason Villalba</a><span style="line-height: 1.5;">&nbsp;(R-Richardson) has propositioned California-based&nbsp;</span><a href="http://www.huyfong.com/" style="line-height: 1.5;">Huy Fong Foods Inc.</a><span style="line-height: 1.5;"> to move its operations to Texas after production of the peppery product was halted due to complaints from citizens living near its factory in </span><span style="line-height: 1.5;">Irwindale</span><span style="line-height: 1.5;">, CA.</span></p><span style="line-height: 1.5;">KUT's David Brown spoke to Villalba&nbsp;about state and city pitches to recruit Huy Fong, California's "over-regulated" business climate and his go-t0&nbsp;Sriracha&nbsp;dishes. &nbsp;</span></div><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/128519943&amp;color=ff6600&amp;auto_play=false&amp;show_artwork=true" width="100%"></iframe></p><p> Wed, 08 Jan 2014 19:04:24 +0000 David Brown 9503 at http://kut.org After a Red Scare, Texas Could be Sriracha's Solution Beyond Perry, Future of Deal-Closing Fund Uncertain http://kut.org/post/beyond-perry-future-deal-closing-fund-uncertain <p dir="ltr" style="box-sizing: border-box; margin-bottom: 1em; padding: 0px; line-height: 1.35; color: rgb(34, 34, 34); font-family: Georgia, Times, serif; font-size: 15px;"><span style="box-sizing: border-box;">When Gov.&nbsp;<a data-tooltip="/directory/rick-perry/quicklook/" href="http://www.texastribune.org/directory/rick-perry/" style="box-sizing: border-box; color: rgb(0, 137, 144);" title="">Rick Perry</a>&nbsp;steps down at the end of this year, he will have awarded more than $508 million&nbsp;<span style="box-sizing: border-box;">from the taxpayer-financed Texas Enterprise Fund&nbsp;</span>to businesses looking to relocate to the state or expand existing operations here.</span></p><p dir="ltr" style="box-sizing: border-box; margin-bottom: 1em; padding: 0px; line-height: 1.35; color: rgb(34, 34, 34); font-family: Georgia, Times, serif; font-size: 15px;">But the future of the fund, which critics call corporate welfare, is unclear. The two front-runners to replace Perry, Republican Attorney General&nbsp;<a data-tooltip="/directory/greg-abbott/quicklook/" href="http://www.texastribune.org/directory/greg-abbott/" style="box-sizing: border-box; color: rgb(0, 137, 144);">Greg Abbott</a>&nbsp;and Democratic state Sen.&nbsp;<a data-tooltip="/directory/wendy-davis/quicklook/" href="http://www.texastribune.org/directory/wendy-davis/" style="box-sizing: border-box; color: rgb(0, 137, 144);">Wendy Davis</a>, have offered mixed messages on the economic development fund in the past, leaving questions about whether it will extend beyond Perry's tenure.&nbsp;</p><p> Thu, 02 Jan 2014 16:29:12 +0000 Alexa Ura, Texas Tribune 9471 at http://kut.org Beyond Perry, Future of Deal-Closing Fund Uncertain At the Capitol: Three Bills Gov. Perry Should Be Watching Today http://kut.org/post/capitol-three-bills-gov-perry-should-be-watching-today <p>Three bills related to Gov. Rick Perry are getting a vetting today.</p><p>The Texas Senate is set to hear two bills scrutinizing the use of money from the Texas Enterprise Fund. The Texas Enterprise Fund is Perry’s economic development program that gives taxpayer money to private business. Some Austin recipients include <a href="http://kutnews.org/post/city-council-gets-first-bite-apple-incentives-agreement">Apple</a> and <a href="http://kutnews.org/post/council-approves-15m-incentives-visa">Visa</a>.</p><p> Wed, 10 Apr 2013 14:05:00 +0000 Austin Feldman 7291 at http://kut.org At the Capitol: Three Bills Gov. Perry Should Be Watching Today Should Texas Lawmakers Give Gun Makers a Tax Break? http://kut.org/post/should-texas-lawmakers-give-gun-makers-tax-break <p>A bill offering incentives to attract manufacturers of guns, ammo and related hardware to Texas will go to the full Senate for a vote.</p><p><a href="http://www.legis.state.tx.us/BillLookup/History.aspx?LegSess=83R&amp;Bill=SB1467">SB 1467</a> would offer tax breakers to firearms makers at a time when other states may shy away from sponsoring the industry and the bill’s author, Senator Craig Estes of Wichita Falls, calls laws that limit firearms manufacturing “unwarranted intrusions.”</p><p> Mon, 25 Mar 2013 22:17:26 +0000 Andrew Weber 7078 at http://kut.org Should Texas Lawmakers Give Gun Makers a Tax Break? Council Approves $1.5M in Incentives for Visa http://kut.org/post/council-approves-15m-incentives-visa <p>The Austin City Council unanimously<a href="http://austin.siretechnologies.com/sirepub/cache/2/ntjo2x45j3zp4545gjfnqwa2/39074812072012053729353.PDF" target="_blank"> approved a deal</a> that offers the Visa credit card company about $1.5 million to bring<a href="http://kutnews.org/post/visa-plans-800-new-jobs-austin" target="_blank"> almost 800 jobs to the area</a>.</p><p>The city’s received some criticism for offering big companies these incentives. A council committee has been talking about adding a provision that would require companies seeking incentives to meet a minimum wage requirement of $11 an hour. While Visa doesn’t have to meet those requirements, yesterday they offered to anyway. Fri, 07 Dec 2012 13:28:45 +0000 Laura Rice 5845 at http://kut.org Council Approves $1.5M in Incentives for Visa Visa Plans 800 New Jobs in Austin http://kut.org/post/visa-plans-800-new-jobs-austin <p>Credit card company Visa says it will build a new IT center in Austin, bringing almost 800 jobs to the area within five years.</p><p>Texas Governor Rick Perry announced the project this afternoon.</p><p>Perry is using $7.9 million dollars from the Texas Enterprise Fund to entice Visa to Austin.</p><p>The city will kick in about $1.5 million over 10 years, according to <a href="http://kut.org/wp-content/uploads/2012/11/ED-Proposal-Summary-Visa.pdf">a memo</a> released by the city's Economic Growth and Redevelopment Services Office.</p> Wed, 21 Nov 2012 21:49:32 +0000 Matt Largey 5708 at http://kut.org Visa Plans 800 New Jobs in Austin Commissioners Approve Tax Break to Lure Company to Austin http://kut.org/post/commissioners-approve-tax-break-lure-company-austin <p><a href="http://www.co.travis.tx.us/commissioners_court/agendas/voting_session_agenda.asp" target="_blank">Travis County Commissioners</a> voted four to one this morning in favor of <a href="http://www.co.travis.tx.us/commissioners_court/agendas/2012/10/backup/item_backup_20121009/vs20121009_item_21.pdf" target="_blank">providing economic incentives</a> to HID Global. The company makes ID cards and key-card readers.</p><p><a href="http://www.hidglobal.com/" target="_blank">HID Global</a> is looking at building a manufacturing and distribution center in Northeast Austin. It would create more than 270 jobs over 10 years. In return, the county would give the company at least a 40 percent discount on county taxes over that time.</p><p>County Commissioner Ron Davis represents the area including Northeast Austin.</p><p>“I just think it’s overall a big deal all across the community and I think it’s a win, win, win, win, win, win-type situation for all of us," said Davis.&nbsp;</p><p> Tue, 09 Oct 2012 19:31:35 +0000 Laura Rice 5286 at http://kut.org Commissioners Approve Tax Break to Lure Company to Austin AM Update: More HID Global Incentive Talk, County Prison Problems, UT Offers Real Estate Certificate http://kut.org/post/am-update-more-hid-global-incentive-talk-county-prison-problems-ut-offers-real-estate <p><a href="http://kutnews.org/post/gas-leak-slows-down-traffic-south-austin" target="_blank">Traffic is now clearing up</a> around Stassney Lane and Manchaca Road after a gas leak at the intersection this morning. Schools in the area started on time. Here's a roundup of other news this morning:</p><p><strong>More HID Global Incentives?</strong></p><p>Travis County Commissioners will meet in executive session today to talk about <a href="http://www.co.travis.tx.us/commissioners_court/agendas/voting_session_agenda.asp" target="_blank">whether the county will offer economic incentives</a> to a company that’s considering relocating to the area.</p><p>The State of Texas is <a href="http://kutnews.org/post/city-state-considering-incentives-agreement-id-company" target="_blank">already offering HID Global</a> $1.9 million from the Texas Enterprise Fund. And the <a href="http://kutnews.org/post/council-consider-incentive-plan-hid-global" target="_blank">City of Austin is considering</a> offering the company close to a million dollars in rebates on taxes for real estate and equipment purchases. The city plans to <a href="http://www.austintexas.gov/department/city-council/council-meetings" target="_blank">hold a public hearing</a> on the issue Sept. 27.</p><p>In return, HID Global would build a manufacturing and distribution center in Northeast Austin, and create 276 jobs over 10 years. HID Global makes products like ID cards and key-card readers.</p><p><strong>Problems in Texas County Prisons</strong></p><p>Today Texas lawmakers will take a <a href="http://www.capitol.state.tx.us/tlodocs/82R/schedules/html/C2102012091810001.HTM" target="_blank">look at problems facing county jails</a>. Tue, 18 Sep 2012 13:57:59 +0000 Laura Rice & Hady Karl Mawajdeh 5098 at http://kut.org AM Update: More HID Global Incentive Talk, County Prison Problems, UT Offers Real Estate Certificate Apple to Create 3,600 Texas Jobs for $21 Million in Incentives http://kut.org/post/apple-create-3600-texas-jobs-21-million-incentives <p>The Austin campus of tech-giant <a href="http://www.apple.com/">Apple </a>is set to expand and offer thousands of new jobs, under an incentives package announced by Gov. Rick Perry today.</p><p>Perry&rsquo;s Texas Enterprise Fund is offering Apple a package totaling $21 million over ten years to &ldquo;more than double&rdquo; the size of its Texas workforce. The agreement would add over 3,600 jobs. The governor&#39;s announcement characterizes the new positions as &quot;supporting the company&rsquo;s growing operations in the Americas with expanded customer support, sales and accounting functions for the region.&quot;</p><p>In addition to creating the new jobs, Apple will also invest $304 million in improvements to their Northwest Austin campus.</p><p> Fri, 09 Mar 2012 17:44:39 +0000 Wells Dunbar & Lucia Duncan 3812 at http://kut.org Apple to Create 3,600 Texas Jobs for $21 Million in Incentives Consulting Firm Gets Incentives To Create 239 Local Jobs http://kut.org/post/consulting-firm-gets-incentives-create-239-local-jobs <p><span style="background-color: transparent; ">A heath care services and research consulting firm will receive $500,000 in incentives through the </span><strong style="background-color: transparent; "><a href="http://governor.state.tx.us/ecodev/financial_resources/texas_enterprise_fund/">Texas Enterprise Fund</a>&nbsp;</strong><span style="background-color: transparent; ">to expand its Austin office. The Washington, D.C.-based </span><a href="http://www.advisory.com/" style="background-color: transparent; ">Advisory Board Company</a><span style="background-color: transparent; "> is the latest business awarded money from the fund created by Gov. Rick Perry to lure out-of-state companies to expand operations in Texas.</span></p><div style="background-color: transparent; "><p>According to the <strong><a href="http://governor.state.tx.us/news/press-release/16854/">agreement</a></strong>, the funds will create an additional 239 jobs in Austin and expand the company&rsquo;s local division, focused on software development and technical support services.</p><p>The Legislature created the Texas Enterprise Fund in 2003 at Perry&rsquo;s request. &nbsp;Businesses that have received Texas Enterprise Fund incentives - totaling $441.7 million - include 3M, Caterpillar and Facebook. &nbsp;According to the governor&rsquo;s office, the fund has generated $15 billion in capital investment in the state.</p> Mon, 23 Jan 2012 23:12:03 +0000 Daniel Guerra 3517 at http://kut.org Consulting Firm Gets Incentives To Create 239 Local Jobs Scrapping Texas Enterprise Fund Could Disproportionately Hurt Austin http://kut.org/post/scrapping-texas-enterprise-fund-could-disproportionately-hurt-austin <p>A state lawmaker wants to abolish the <a href="http://governor.state.tx.us/priorities/economy/investing_for_growth/texas_enterprise_fund/">Texas Enterprise Fund</a> and other pools of money Governor Perry can use at his discretion to attract investment. But doing so could disproportionately harm Austin, according to our analysis of <a href="http://www.texasahead.org/reports/incentives/">a report released last week</a> by Texas Comptroller Susan Combs.</p> Tue, 28 Dec 2010 17:44:26 +0000 Nathan Bernier 530 at http://kut.org Scrapping Texas Enterprise Fund Could Disproportionately Hurt Austin