Samsung Exploring Even More Growth in Austin Suburb
Williamson County Judge Bill Gravell likens Taylor, Texas to the famous child’s book, “The Little Engine that Could”. Taylor only has 13,000 residents, but it will one day be home to a $17 billion semiconductor manufacturing facility, and based on recently public filings, it could get much bigger than that.
Samsung could increase its investment by tens of billions of dollars and add several thousand jobs. The company recently filed a number of documents with the state Comptrollers office that set in motion potential tax incentives for businesses who invest in their communities. Most have to do with school district tax abatements.
All told, the proposed expansion would add up to about $190 billion in area investment. In comparison, the State of Texas state budget last year was $260 billion. Besides the money that could flow into the state, the filing mentioned they’d need 10,000 more workers.
The request mentions that Samsung is looking to add 11 new fabrication facilities in the area.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.