Commissioners Approve Tax Break to Lure Company to Austin

Business

Commissioners Approve Tax Break to Lure Company to Austin

KUT 90.5 | By Laura Rice

Published October 9, 2012 at 2:31 PM CDT

voted four to one this morning in favor of to HID Global. The company makes ID cards and key-card readers.

is looking at building a manufacturing and distribution center in Northeast Austin. It would create more than 270 jobs over 10 years. In return, the county would give the company at least a 40 percent discount on county taxes over that time.

County Commissioner Ron Davis represents the area including Northeast Austin.

鈥淚 just think it鈥檚 overall a big deal all across the community and I think it鈥檚 a win, win, win, win, win, win-type situation for all of us," said Davis.

Commissioner Sarah Eckhardt was the sole vote against; when the commissioners mulled their , Eckhardt went on record as to disadvantaged county residents in search of work.

The City of Austin is offering HID Global more than $900,000 in tax rebates and the the company $1.9 million from the Texas Enterprise Fund.

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Laura Rice

Laura first joined the KUT team in April 2012. She now works for the statewide program Texas Standard as a reporter and producer. Laura came to KUT from the world of television news. She has worn many different hats as an anchor, reporter and producer at TV stations in Austin, Amarillo and Toledo, OH. Laura is a proud graduate of the University of Missouri-Columbia, a triathlete and enjoys travel, film and a good beer. She enjoys spending time with her husband and pets.

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