Texas Instruments Invests $35 Million In Sugar Land, Texas, Development Facility
The company elected to locate its research and development facility in Sugar Land after a regional search based on proximity to employees’ homes, local amenities and clarity of site-development plans, Sugar Land city officials said. The new Texas Instruments facility will house employees that work in a variety of areas within the company’s embedded processing organization.
“We are appreciative of the ongoing support we have received from Fort Bend County and of their efforts to retain TI within the county. And we are very excited about our future home in Sugar Land and the opportunities this will bring. We look forward to forging new relationships with the business community in Sugar Land, said Texas Instruments Site Manager Curt Moore.
The City of Sugar Land’s Office of Economic Development created a multi- faceted incentive package approved by the Sugar Land City Council and the Sugar Land Development Corporation to secure the research and development facility.
The incentive package was based on the company creating more than $35 million in new capital investment and providing more than 375 jobs for the city. The Sugar Land Development Corporation awarded a $2.5 million grant to Texas Instruments. Fort Bend County awarded a 10-year, 75 percent, tax abatement with the City of Sugar Land adding a 50 percent tax abatement.
“We are ecstatic to welcome a stellar Fortune 500 Company such as Texas Instruments to Sugar Land,” said Mayor James Thompson. “Texas Instruments’ corporate philosophy and national recognitions such as Fortunes ‘Most Admired Company’ closely aligns with the City’s standards for excellence and lays the foundation for a long-term partnership between the company and City.
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