AUSTIN, TX—National Instruments, a company that designs tools, hardware and software for engineers and scientists, told county officials Tuesday that it plans to spend more than $80 million for property improvements, and among that will be the construction of a 300,000-square-foot facility for office space and research and development.
Noting that it would create 1,000 jobs, and offer a $3.9 million net benefit to Travis County over 10 years, county planners have begun working with the company on an incentive package, according to a report in Community Impact newspaper.
The company plans to invest $46.9 million in the research and development facility and $33.4 million in business personal property. An economic development agreement would have a
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
