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Governor Greg Abbott, who announced the decision on Thursday morning, said the state would help Texas Instruments with $ 5.1 million in grants from the Texas Enterprise Fund, the so-called transaction reconciliation fund. # 39; State. To receive this money, Texas Instruments must first create a minimum of 488 jobs.
He is also eligible for tax relief of up to $ 375 million from Collin County, Plano ISD and Richardson.
Doubling on North Texas
With this new facility, Texas Instruments doubles its operations in North Texas. He already has a big factory in Richardson with about 800 employees. The factory will be built next to it on the ground that the company already owns. It has more than 9,000 employees in Texas.
The company estimated that the new facilities would reach 850 people, including 200 contractors, according to a presentation to local authorities.
According to Texas Instruments' presentation, its existing facilities at Richardson have the fourth largest property value in Richardson and the eighth largest in Collin County, according to the report.
The company will immediately start building an 800-space parking garage to support the growing number of Richardson employees, said spokeswoman Nicole Bernard. She said that he has not set a date of construction for the factory.
According to the presentation, Texas Instruments has considered two other sites for the new facility. He reviewed a site in Singapore and a site in northwestern New York State, at the SUNY Polytechnic Institute in Marcy.
Kyle Flessner, senior vice president of the company's technology and manufacturing group, said in a statement that Texas Instruments chose Richardson because of its proximity to its other plant and its "access to talent, to a base of existing suppliers and at several airports ".
The Abbott announcement has called Texas "a leader in the development of innovative technologies through companies like Texas Instruments."
"Made in Texas is a powerful brand, and this expansion will create hundreds of jobs, generate billions of dollars in investment and strengthen Texas' reputation, domestically and abroad," he said.
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