Samsung to Seek Further Expansion in Central Texas

Months removed from Samsung’s announcement that it had chosen the City of Taylor to be home for its upcoming $17 billion chip-making facility, the semiconductor titan is once again considering an expansion in the Austin area.  This time, Samsung has designs on two local independent school districts.

Samsung’s investment into its new Taylor facility is the single-largest foreign investment in Texas history.  Construction has already begun this year.

“It’s about national security,” said Williamson County Judge Bill Gravell.  “It’s about producing the most advanced microprocessing chip in America.”

On Tuesday, representatives from Samsung will seek out Chapter 313 tax incentives from the Taylor Independent School District and the Manor Independent School District. While details of the potential agreements remain unclear, it’s very possible that Samsung could pump billions more dollars into the local economy and create even more jobs in the area if a deal is ultimately reached.

The 2001 Legislature’s Texas Economic Development Act, often called “Chapter 313” for its position in the Texas Tax Code, allows public school districts to offer tax incentives for businesses that invest in their communities.

Samsung’s upcoming Taylor plant will create 2000 direct jobs, 6500 construction jobs, and thousands of other indirect jobs.

Multiple agreements will go up for consideration among both school districts.

Samsung has had a presence in Central Texas for many years, including in North Austin.

Share this Posts

Share on twitter
Share on facebook
Share on linkedin

Related Posts

Loading...