Texas Rising - Winter 2012

Winter 2012

TEXpansion

Central Texas — As Texas grows by thousands of residents each week, businesses and industries are expanding their operations and building new facilities throughout the state. Here is a sampling of recently announced expansions in Central Texas.

  • TempleH-E-B plans to build a $20 million, 300,000-square-foot frozen food distribution center to supply 50 H-E-B stores from Austin to Dallas, creating 40 new jobs. The center, adjoining the grocer’s existing 450,000-square-foot distribution center, is due to open in June 2012. H-E-B will benefit from a 100 percent, 10-year abatement of city, county, community college and watershed property taxes.
  • BeltonCGI Group has been awarded $1.8 million from the Texas Enterprise Fund to build a Center of Excellence. The global information technology services provider headquartered in Canada will invest $7 million in a 40,000-square-foot facility on 19 acres donated by Belton Economic Development Corporation. CGI is expected to bring up to 400 new jobs to Belton within five years, bringing a $61 million annual economic impact. CGI will receive a five-year, 100 percent property tax abatement from the city of Belton and Bell County. BEDC also will pay cash incentives to CGI for job creation, retention and training.
  • Austin — Michigan-based auto parts supplier US Farathane Corporation plans to open a north Austin manufacturing plant in a former Dell facility in 2012. The investment will create at least 228 jobs by Dec. 31, 2014, initially paying annual average wages of $26,461, increasing to $27,535 by 2016. In December 2011, the city of Austin approved a Chapter 380 incentive grant totaling $212,695 over 10 years, equal to 40 percent of the new incremental real and personal property taxes generated from this project.
  • San AntonioHalliburton Co. of Houston began work on a $50 million base of operations that will employ 1,500 workers supporting its Eagle Ford shale operations. The 400,000-square-foot structure at Interstate 37 and Loop 1604 South is expected to be complete in 2013. Salaries will average $70,000 annually. The company did not request tax incentives.

For more information, visit the Office of the Governor Economic Development and Tourism Division or Texas A&M University’s Real Estate Center. TR

TheTexasEconomy.org: The source for information and analysis

Texas Comptroller Susan Combs knows how important accurate information is to the state’s success. That’s why her office has created The Texas Economy, a comprehensive online guide to the economic forces shaping America’s fastest-growing, large state. Amid a fragile recovery, Texas has a key role in leading the United States back to better times. Texas is reaping the benefits of a booming energy industry. And thanks to the competitive edge from America’s best business climate, our state is adding jobs twice as fast as the nation.

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