Lured in part by approximately $3 million in local incentives, Calif.-based tech company HID Global has announced they will be moving a large part of their operation to Austin.
Austin’s Chamber of Commerce announced Wednesday that HID Global will be combining its manufacturing and distribution operations in a to-be-built campus in North Austin. The project is expected to create 276 local jobs over the next 10 years.
HID Global’s new 200,000 square-foot operations center is slated to be built on a 20-acre lot near the intersection of Interstate 35 and Parmer Lane.
At the end of September, Austin’s City Council approved nearly $1 million in tax breaks for the company in an effort to draw the company to town. The city’s offer unlocked another $1.9 million in incentives from the Texas Enterprise Fund.
One stipulation for the local tax breaks states that at least one-fifth of HID Global's workforce will have to be considered economically disadvantaged, which includes those without a high school diploma, former foster children or those with disabilities.
Another will require HID Global is required to have average annual salaries of at least $44,000 the first year it's open, increasing to $53,000 after 10 years.
The incentives drew criticism Travis County Commissioner Sarah Eckhart who said she disagreed with the notion that incentive packages actually helps taxpayers.