Visa Coming to Austin
Our city will host a new global IT center
By Monica Riese, 12:02PM, Tue. Dec. 11, 2012
After considerable deliberations regarding economic incentives, it was announced today that credit giant Visa is coming to town.
According to a press release from the Austin Chamber of Commerce, the company's new global IT center will be housed off Highway 183 in a 175,000 square foot office space. It is estimated that the project will create 794 jobs over the next five years, with an average salary of $96,000.
In return, City Council approved an incentives package of $1.56 million over a decade. For more on the details of that deal, see "Visa Wants a Chargeback," Newsdesk blog, Nov. 26.
Visa's IT center is only the latest in a long line of tech enterprises that have made the move to the Silicon Valley of the South, including Samsung, Apple, HID Global, and more.
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Michael King, Nov. 26, 2012
Visa Inc., Visa, City Council, Austin Chamber of Commerce, economic incentives
