Thursday, July 31, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 

News

Austin

Changes coming to city’s incentive process

  • Text size: + -
TWC News: Changes coming to city’s incentive process
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.


City officials may soon tighten up their procedures when it comes to offering incentives to new business.

Austin Business Journal Editor Colin Pope said the city has run the gamut when offering perks to companies. On a case-by-case basis, businesses have received everything from property tax breaks to cash in hand.

Recently, tech company HID Global applied for city incentives. In turn, the council asked HID officials to provide a certain standard of wages for its employees. It was a request that HID Global didn't expect and the deal has gone stale for now.

Now, the city may make a more detailed outline for how incentives are distributed. Find out more in this edition of “Business Now” in the video above.

10.11.12.247 ClientIP: 54.196.199.46, 72.247.10.47 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP