Texas Rising - Winter 2012

Winter 2012


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.

But an economy doesn’t exist in a vacuum. Factors beyond our borders influence Texas and it’s important to understand them. Whether you are a policymaker, in business or a taxpayer, you should make The Texas Economy your online source for data, and reliable, expert analysis on the issues affecting all Texans. TR

Please explore TheTexasEconomy.org, sign up for email content updates, and send us your feedback so we can address the topics that matter to you.