CaptureRx Plans Corporate Headquarters Relocation To San Antonio, Texas
“The decision by CaptureRx to select San Antonio for its headquarters is a testament to our collaborative economic development approach as we strive to build upon the momentum of the growing tech ecosystem in our center city,” said Wayne Peacock, Chairman of the San Antonio Economic Development Foundation. “This will mark a significant headquarters location in one of downtown’s most treasured historical buildings on Houston Street.”
“The leadership of the San Antonio community and the state of Texas were compelling factors in our decision,” said Chris Hotchkiss, Chairman of CaptureRx. “We were impressed with how they all came together and were extremely supportive of our company’s future growth. The availability of such an architecturally-significant historic building, and the opportunity to be part of the developing downtown tech district along Houston Street, helped us ultimately choose to remain in San Antonio."
CaptureRx’s decision to stay in San Antonio is great news for our city,” said San Antonio Mayor Ivy R. Taylor. “The company plans to revitalize and move into the historic Kress Building, which is an added bonus, securing the presence of an innovative, rapidly growing and high-paying healthcare technology company right in the heart of San Antonio.”
As an incentive, Bexar County Commissioners Court considered incentives from the recently established Innovation Fund, created to encourage technology companies to grow and expand within the county. In addition San Antonio City Council also considered an incentive package that included a tax abatement on real and personal property, a performance-based economic development grant, SAWS and City fee waivers, as well as nomination as a Texas Enterprise Zone Project.
As part of the City and County agreements, CaptureRx will be expected to create and retain at least 314 full-time jobs over the next six years.
“We focus on business retention and expansion and CaptureRx is a perfect example of our economic development efforts to accomplish our goals for talent attraction, entrepreneurial development, and high wages in targeted industries,” added City Manager Sheryl Sculley. “The company’s decision to stay in San Antonio further illustrates that our city is a great place to build and grow a business.”
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