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."