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Dallas did not leave at the altar this time. After nine months of licking its wounds inflicted by the Amazon, the city has caught its big high-tech fish, thanks to economic incentives of nearly 36 million USD from the city, county and the city. State.
On Tuesday, Dallas County Commissioners approved the latest piece of the incentive program, agreeing to forgo nearly $ 3 million in tax revenue over a 10-year period to attract Uber to Deep Ellum. Dallas City Council last week approved more than $ 9 million in employment-based incentive awards. The Texas governor's office, Greg Abbott, confirmed Thursday that the state was providing a $ 24 million grant to the Texas Enterprise Fund.
In exchange, Uber plans to fill 450,000 square feet of offices in the Epic development at Deep Ellum, but not yet completed, as well as create up to 3,000 new jobs in Dallas.
Abbott acknowledged the favorable business climate in Texas for encouraging the move.
"I am proud to welcome Uber's investment in the great state of Texas, as well as the 3,000 jobs it will create in its new Dallas office." – Greg Abbott
"I am proud to welcome Uber's investment in the great state of Texas, as well as the 3,000 jobs it will create in its new Dallas office," said the governor. "This investment will contribute to Texas' continued economic success and reputation as a better state for businesses. Our unparalleled workforce and business-friendly environment make Texas the ideal location for innovative companies like Uber. "
Earlier this month, Uber said it suffered the biggest loss of all time in the second quarter of 2019: $ 5.2 billion. Dara Khosrowshahi, CEO of Uber, told analysts that the company was heading for the dark, after announcing the loss, according to Internal business .
"Basically, we want to be there as you wish, and I think we're on the right track to do it cost-effectively," Khosrowshahi said.
Khosrowshahi highlighted Uber's long-standing ties with Dallas in a joint announcement with Abbott.
"Dallas became the first Texas city where the Uber app was available in 2012, and since then, Texas has been a hub of innovation for our platform," Khosrowshahi said. "Uber is pleased to be making this major investment in Texas and increasing our commitment to the city of Dallas. We are grateful for our partnership with Governor Abbott, Mayor Johnson and Justice Jenkins, and for the leadership they have shown in making this a reality. "
Dallas Mayor Eric Johnson said the deal would benefit the city and Uber.
"Dallas is a vibrant, diverse, welcoming and innovative city, and I'm sure Uber and its employees will flourish here," said Johnson.
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