Unemployment is at 8.1 percent across the country but not in Austin and more jobs may be on the way to the Capital City. Later this month Council members will decide on economic incentives for a California company that promises hundreds of jobs for Austinites.
HID Global is an identity security company that wants to make Austin one of their new hubs.
If approved their new manufacturing center would be in northeast Austin right off Parmer and I-35.
Council members discussed the incentives package which would give the company a 60 percent tax rebate over a 10 year period. That is estimated at $920,000. In return HID would build a 200,000 square foot manufacturing and distribution center and hire 276 employees in Austin over the next two years At an average annual salary of $51,000.
HID is also looking at a location in Tennessee but told FOX 7 Austin is the preferred location because of Austin's business environment.
The state has already announced giving HID Global a $1.9 million incentive from the state's Enterprise Fund if they come to Texas. Council will decide on the plan during their September 27 meeting. If approved HID Global could break ground early next year.