eBay is creating 1,050 jobs at its Austin, Texas, facility with help from a $2.8 million Texas Enterprise Fund (TEF) investment. The company will generate about $5.1 million in capital investment.

"Austin is a vibrant, exciting city with a strong heritage for technology expertise and lots of growth potential," said eBay Inc. Senior Vice President and Chief Technology Officer Mark Carges. "Our state-of-the-art facility there has room for expansion and the support we have received from the state of Texas and the city of Austin reinforces our commitment to attracting top talent in regions where we operate. The economic development grants from the Texas Enterprise Fund and the city of Austin were instrumental in our decision to choose Austin as a location for growth."

The TEF investment will support the expansion of several of eBay's Austin-based business units, including PayPal.