The power systems arm of Germany-based Siemens AG will decide by Nov. 1 on a site in either Orlando, Pittsburgh or Ft. Worth, TX, according to engineering consultants intimate with Siemens' plans.
The venture will require the hiring of 500 engineers, analysts and support staff. The winning city will also gain numerous subcontractors, vendors and suppliers who normally set up leased or build-to-suit offices near a main client's factory.
Each of the three cities is pledging at least $50 million in economic incentives to Siemens, corporate planners familiar with the project tell GlobeSt.com. In 1995, Orlando and Orange County combined committed $100 million in incentives value to lure microchip maker Cirent Semiconductor here.
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