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Travis County Economic Development

Economic Recovery Dashboard

In March 2020, the COVID-19 pandemic changed the trajectory of global, federal, state and local economies. This dashboard serves as an interactive source of data to assist with decision-making and program planning. It also serves as a resource to help the public understand a variety of metrics that explain the state of the local economy and programs available to assist individuals and businesses.

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Economic Development

Travis County, under the authority issued under  Chapter 381 of the Local Government Code , has the ability to provide incentives encouraging developers to build in their jurisdictions. A county may administer and develop a program to make loans and grants of public money to promote state or local economic development and to stimulate, encouraging businesses to locate in Travis County. The county may also develop and administer a program for entering into a tax abatement or rebate agreement. This tool allows counties to negotiate directly with developers and businesses.

As a result of this authority, Travis County developed the  Chapter 28, Travis County Economic Development Program , to incentivize and encourage economic development in the county.

Of note, Travis County is temporarily not accepting applications for economic incentives while staff draft updates to the policy which will be linked to the strategies outlined in the County’s new  Comprehensive Economic Development Strategy . For more information about the program, visit the  County’s Economic Development page.


Current Rebate/Abatement Summary Data
As of Fiscal Year: 2020

To date, Travis County has entered into 9 Economic Incentive Agreements, of which 2 are completed and 7 are active. This summary data provides a snapshot of the total active agreements through the latest fiscal year.

7

Total Active Agreements



Total active agreements though current reporting period.

$79,154,932

Total Amount Rebated



Total amount abated/rebated to date for active agreements.

11,906

Total Jobs Created to Date


Total number of jobs created by companies with active agreements to date.

$5,303,243,177

Total Capital Investments To Date


Total capital investment made by companies with active agreements to date.

Historical Data

The data outlined in the chart below demonstrates the total tax rebates or abatements, as well as the total number of active agreements by year for the last five completed fiscal years.

Last Five Years - Total Rebates/Abatements

Abatement and Rebate Agreements Overview
As of Fiscal Year: 2020

The table below provides more detail about each of the agreements. As you view the data below and the Agreements themselves, please be mindful of these key terms. 

CompanyStart DateEnd DateTypeTotal Abated/Rebated to DateTotal Jobs Created to DateTotal Capital Investment to DateStaff CommentsProject SummaryFull Agreement
Samsung01-01-200812-31-2027Rebate$69,332,6313,179$4,688,496,480The company intends to construct a new semiconductor wafer manufactory factory to be located at 12,100 Samsung Blvd, Austin, Texas, 78753, such new facility to be located in the Reinvestment Zone. The investment by Company is estimated to be approximately $3.5 billion.  
Simon Properties (Domain)01-16-200612-31-2026Rebate$4,811,5421,418No investment requirement in Agreement .The company intends to develop a mixed-use project containing residential and non-residential uses approximately 42 to 55 acres of land out of an area more particularly described in Attachement B. 
Apple05-01-201212-31-2030Rebate$3,617,7505,378$282,500,000The Company intends to develop a new Americas Operations Center (“Americas Operations Center,” or “Center”), with up to 200,000 square feet in Phase I and up to 800,000 square feet in Phase 11, to be located at West Parmer Lane and Delcour Drive in Austin, Texas, which will contribute to the general economy of Travis County, Texas; make significant capital investments, thus increasing the tax base for Travis County; and create new full time jobs which will benefit the job force of Travis County. The investment by the Company is estimated to be approximately $282,500,000. 
HID Global10-01-201212-31-2025Rebate$260,673436$61,035,443The Company intends to develop a new manufacturing and distribution operations center, with approximately 200,000 square feet or more, to be located at 601 Center Ridge Drive in the TechRidge Development in Austin, Texas, which will contribute to the general economy of Travis County, make significant capital investments, thus increasing the tax base for Travis County; and create new full time jobs, which will benefit the job force of Travis County. The investment by the Company is estimated to be approximately $36,000,000. 
FRV AE Solar01-01-201212-31-2032Rebate$1,132,3373$140,000,000Company intends to construct a new 30 Megawatt Solar Farm which would generate clean renewable energy in approximately 380 acres of land to be located at 18580 FM 969, Manor, Texas, 78653, in an area more particularly described in Attachment B to the agreement. The investment by the Company is estimated to be approximately $100 million during the time period set forth in this Agreement. 
Charles Schwab08-14-201412-31-2027Rebate1,492$131,211,254No rebates paid to date.The Company intends to expand its facilities in Travis County, Texas to enhance the Company's ability to provide a full range of securities brokerage, banking, money management and financial advisory services. The new facilities include approximately 250,000-300,000 square feet or more of operating space, and will be located on approximately 50 acres located at 2309 Gracy Farms, Austin, Texas (within the City of Austin's Desired Development Zone). The expanded business will contribute to the general economy of Travis County, Texas; make significant capital investments, thus increasing the tax base for Travis County; and create new full-time jobs, which will benefit the job force of Travis County. The investment by the Company is estimated to be approximately $196,711,000. 
East Blackland Solar Project01-01-201212-31-2032RebateNo rebates paid to date.Company intends to construct a new 60 Megawatt Solar Farm (“Facility”) which would generate clean renewable energy to be located at approximately the intersection of Manda Carlson and Felder Road in an area more particularly described in Attachment B to this Agreement (“Property”), on approximately 730 acres ofland. In addition, Company will also establish headquarters in Travis County. The investment by Company is estimated to be approximately $210 million during the time period set forth in this Agreement. 
Hewlett Packard01-01-200812-31-2017Abatement$3,782,530500$543,446,465Agreement complete.Company intends to develop a Hewlett Packard Data Center facility to be located at 14,219 Tandem Boulevard, Austin, Texas 78753, which would receive, store, process and evaluate scientific and research information and data, hardware and software development operations and business transactions and records for Company, such facility to be located on Lots Four (4) and Five (5), Block “A,” Wells Branch Phase “A,” Section five (5), a subdivision in Travis County, Texas, according to the map or plat thereof recorded in Book 81, Pages 395-398, of the Plat Records of Travis County, Texas; and Lot Two (2) of Wells Branch Phase A, Section five A, a subdivision in Travis County, Texas, according to the map or plat thereof recorded in Book 82, Pages 231-232, of the Plat Records of Travis County, Texas, collectively, hereinafter referred to as “Property.” The investment by Company in the Project that is the subject of this Agreement is estimated to be approximately S250,000,000.00. 
Home Depot09-30-200412-31-2015Abatement$1,897,566140$959,263,359Agreement complete.Company intends to develop a Home Depot Data Center facility to be located at 1300 Park Center Drive, Austin, Texas 78753, which would handle transactions and business records from throughout the country for Company, such facility to be located in an area more particularly described in Attachment B to this Agreement, and hereinafter referred to as “Property; the investment by Company is estimated to be approximately $400,000,000.00. 

Monitoring Performance

Travis County Economic Development staff monitor performance annually.The graphic below outlines the schedule for tracking performance.

Need Help Related to Economic Development?

700 Lavaca, Suite #1560
Austin, Texas 78701

(M-F 8a-5p)
Phone:  512-854-9106
Fax:  512-854-4210


Diana Ramirez
Director,
Economic Development
& Strategic Investments