National Instruments

Business
7:48 pm
Mon June 9, 2014

National Instruments Cancels Project That Would Have Created 1,000 Jobs

Credit 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."

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Austin City Council
7:09 am
Fri March 8, 2013

National Instruments Gets $1.7 Million to Expand (Update)

National Instruments

Update: The Austin City Council voted 7-0 Thursday night to give National Instruments almost $1.7 million in incentives. In exchange, the company will expand and create at least 1,000 jobs . 

National Instruments representatives spoke at the council meeting Thursday night, outlining the benefits the city would see. But some local citizens were not convinced, claiming it is not fair to give large companies incentives but to not offer them to local citizens. They also claimed the money could be used elsewhere, something Mayor Lee Leffingwell contested:

"The fact is, if we didn't approve this agreement we couldn't spend that money somewhere else because it wouldn't be there," Leffingwell said. "This money comes from that agreement."

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