National Instruments will invest $80 million to expand its research and development capacity in North Austin, Texas, creating 1,000 jobs.
The firm designs and manufactures electronic measurement hardware and software, with operations throughout the U.S., Canada and 45 other countries. The company plans to expand its research and development activities, and hire additional engineers and technology specialists to keep National Instruments competitive in the test and measurements and embedded systems industry. The project will include developing a 300,000 square foot facility located adjacent to the company's current site in North Austin, Texas.
"National Instruments was founded in Austin over 35 years ago and has grown to a global company, supplying tools to scientists and engineers around the world to accelerate productivity, innovation, and discovery," National Instruments Chief Operating Officer Alex Davern said. "The business friendly climate in Texas, along with our commitment of intense investment in research and development, is helping drive long-term job growth and economic development in Central Texas."
As an incentive Gov. Rick Perry’s Office said the state is providing $4.4 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 package.
"Central Texas' flourishing high tech industry is further strengthened by National Instruments' expansion, which will create 1,000 technical and engineering jobs and bolster Austin's status as a hub for research, development and innovation," Gov. Perry said. "Texas' continued focus on STEM education is a natural fit, and will ensure the Lone Star State continues to provide the capable workforce necessary for high tech employers like National Instruments to thrive."
"We welcome the 1,000 new jobs this expansion will bring," Sen. Kirk Watson said. "Austin is a special place, and it continues to attract employers from around the world and opportunities for people who are here. Nevertheless, we're in a competition with other cities and regions for these kinds of jobs. It speaks well of Austin that National Instruments has chosen to stay here and to grow here.