Isn’t VISA based in San Francisco? Wonder why they’re not building their technology center in the Bay area? Wouldn’t have anything to do with California’s exceptionally-unfriendly business climate and the fact that most of their qualified technology workers have all fled. Ironically, to Texas.
Via the Statesman:
Visa Inc., the international credit card giant, has tentatively agreed to build a major global information technology center in Austin that would create 794 new jobs within five years, Gov. Rick Perry’s office announced Wednesday. The jobs would have an average annual wage of $113,351, the governor’s office said.
The state has offered Visa $7.9 million in incentives for the project through the Texas Enterprise Fund.
The city of Austin has proposed an economic development grant of $1.6 million if the company meets its investment and employment targets.
The Austin City Council will have its first hearing on the proposed incentives deal on Nov. 28, and is expected to vote on the incentives offer at its regular meeting Dec. 6. Documents on the project filed with the city describe the facility as a “Global IT Center” for the company.
Which means that Austin’s perpetually pissed off progressives will hate this “waste of tax dollars” to attract more non-progressives to the city.
Related Posts
Email This Post
⋅
Print This Post
I disagree. I’ve noted that the PPOP crowd in Austin tends to criticize state spending to attract things like tractor factories and places that actually make things. This is the sort of thing they eat up, as nothing is actually produced, and a great many of the jobs produced will be filled by like-minded liberals.
A great coup for Austin, however.