Oracle America Invests $5.4 Million In Austin, Texas, Expansion
Area Development Online News Desk (11/04/2013)
Oracle America is investing $5.4 million to expand its operations in Austin, Texas, establishing an additional office and creating 200 jobs.
"We are expanding our presence in Texas because we've been impressed with the quality workforce and growth opportunities here," said Oracle Vice President of Real Estate and Facilities Randy Smith. "With this new investment we will be better equipped to meet customer demand while bringing new technology jobs to the state of Texas."
Oracle provides customers with hardware and software engineered to work together in order to meet their business needs. The company employs workers across Texas, including many based in Austin in sales, marketing, management, data center operations and software development roles. The new expansion will add sales and marketing personnel to Oracle's Austin workforce.
As an incentive Gov. Rick Perry’s Office said the state is providing $1 million through the Texas Enterprise Fund “to close the deal on this expansion and job creation. Execution of the state's agreement is contingent upon finalization of a local incentive offer as required by program criteria.”
"The Texas model of success, centered on low taxes, smart regulations and fair courts, helps us remain a national leader in job creation," Gov. Rick Perry added. "Businesses looking to expand or relocate their operations continue to look to Texas, thanks to our commitment to conservative economic principles and our track record of success. The TEF's investment in Oracle will help bring hundreds of jobs and opportunity to Texas families and stimulate the local and state economy."