Visa U.S.A. Inc., plans to invest “millions” to build a new global IT center and create 794 jobs in Austin, Texas.
"Visa is continually looking for opportunities to add world-class talent to our organization," said Will Valentine, a Visa spokesperson. "Austin offers a vibrant technology community and business-friendly climate, and we are working closely with local officials to finalize an agreement.
Gov Rick Perry’s Office said in exchange for Visa's commitment to create these new jobs, the state has offered the company $7.9 million through the Texas Enterprise Fund Execution that is contingent upon finalization of local 10-year performance based incentives of about $1.56 million which is awaiting approval by Austin City Council. Its new facility will be located at Research Park III, 12301 Research Blvd. in Austin.
"Here in Texas, our commitment to low taxes, reasonable regulations, fair courts and equipping a skilled workforce have kept our state at the forefront of job creation," Gov. Perry said. "Texas is competing nationally and internationally for jobs and we want companies who are looking to expand or relocate to consider the Lone Star State first and all we have to offer. Visa's decision to build a new global IT center in Austin is a great fit with our skilled workforce and Central Texas' reputation as a hub for high tech companies."