economic incentives

Gabriel Cristóver Pérez / KUT

The film and TV industry in Texas, at least as we’ve come to know it, is reeling.

Pavel Mezihorak for KUT

Austin has been called the most economically segregated city in the nation. Now, the Austin City Council is taking steps to try and bring more jobs to the East Side, an area that’s historically been home to minority populations and the economically disadvantaged.

Larry D. Moore http://en.wikipedia.org/wiki/User:Nv8200p

National Instruments is cancelling a project that would have created 1,000 jobs in Austin over a decade.

The $80 million expansion project of NI's headquarters on North Mopac Boulevard received millions in economic incentives from the city, county and state. All those agreements have also been canceled.

"We want to continue to leverage our investments and drive for growth," National Instruments spokesperson Stacy Schmidt says. "But in the current economy and the challenges in the test and measurement industry, we're choosing not to move forward at this time."

websense.com

Update: Dropbox and Websense will receive economic incentives to expand in Austin.

The Austin City Council voted 5-2 today to offer the two tech companies approximately $700,000 in incentives. The money comes on top of $6 million from the Texas Enterprise Fund. 

Jorge Sanhueza-Lyon/KUT News

The Austin City Council had a long day at the dais yesterday, with a meeting that sputtered along for the better part of 15 hours.

"Stealth dorms," fee waivers, economic incentives, an officer-involved shooting, the MoPac sound wall and  even a proclamation for KUT's own Cactus Cafe. 

With that in mind, here's a rundown of the council action, and inaction, from yesterday.

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