Why would Samsung choose Taylor, Texas as its location? There are two important factors to consider: Not only will the business receive a significant property tax break, but the deal is sure to create an abundance of lucrative jobs in Travis and Williamson County. Given the massive shortage of computer chips recently, it is good news that a new plant is being built. Hopefully, the $17 billion facility will help alleviate some of the community’s concerns.

The Details of the Property Tax Decision & Performance-Based Agreements in Williamson County

Recently, commissioners in Williamson County held a meeting with Samsung to reach an agreement surrounding tax breaks and incentives. Ad valorem taxes will be decided using a performance-based agreement in accordance with a newly approved Chapter 381 regulation. Samsung will pay 90 percent of ad valorem taxes during the initial decade of the agreement. Then, the county will grant 85 percent of ad valorem taxes paid by Samsung the following decade.

So, what exactly are the performance incentives that Samsung has to meet? The tax breaks are contingent upon Samsung constructing at least six million square feet in facilities by the end of January 2026. This must be followed by the creation of 1,800 full-time jobs. In exchange, Williamson County agreed to improve targeted roads around the facility to make life easier for the technology giant.

Other Tax Breaks Coming from Taylor ISD

Although Samsung will receive a large number of tax breaks from Williamson County, there is also an incentive deal with Taylor ISD. While the specifics of the agreement are still pending it appears that Samsung will receive more than $300 million in tax breaks during the next ten years. In exchange for the massive tax breaks, the community is getting a lot of lucrative jobs that are sorely needed. Click to read more at www.keatax.com.

San Antonio, TX (Dec. 27, 2021) — Newmark announces the sale of the San Antonio Community Based Outpatient Clinic, a Class A, built-to-suit, federally occupied building located at 9939 State Highway 151 in San Antonio, Texas. The newly completed, 226,148-square-foot property is 100% leased to the Department of Veterans Affairs (“VA”) on a long-term basis.

Newmark Vice Chairmen Gary Carr, Robert Hill and Chris Murphy represented the seller, US Federal Properties Co. (USFP).

Designed to achieve Green Globe certification, the three-story, best-in-class medical asset features modern design, efficient floor plans and abundant on-site parking. The outpatient center is ideally situated between Loop 1604 and Interstate 410 in Northwest San Antonio.

“The new San Antonio VA clinic will serve the community at a centralized location, consolidating existing services from multiple clinics. The location in an expanding and developing area with access to major employment centers made this an ideal location for the VA’s new center,” said Carr. “We look forward to seeing this asset and the community it serves flourish.”

The property is proximate to three licensed hospitals and two planned hospital development sites. With one of the largest concentrations of military bases in the U.S. —Fort Sam Houston, Lackland Air Force Base and Randolph Air Force Base are all within 30 minutes—San Antonio is known as “Military City USA.”

The San Antonio Community Based Outpatient Center is part of a 10-building portfolio comprising nine community-based outpatient centers and one mental health clinic, located across the U.S.

SAN ANTONIO, Dec. 22, 2021 /PRNewswire/ — On November 30, Merit Commercial Real Estate closed on the acquisition of University Park Tech Center I & II, a two-building office project containing approximately 200,000 square feet. Clarion Partners, a New York-based real estate investor was the seller. The acquisition represents Merit’s first substantial investment in the San Antonio office market.

“The San Antonio office market has remained exceptionally strong by comparison to other major cities”, noted Ryan Harrison, CEO of Merit Commercial Real Estate. “We saw strong demand for this type of building in the northwest submarket from the tenants we represent, which led us to this acquisition”, stated Mike Sawtelle, EVP tenant representation broker for Merit and long-time mover-and-shaker in the San Antonio office market.

Many Fortune 500 companies across the country had plans to bring their workforce back into the office this fall, only to postpone those plans. Now, major cities are seeing companies change strategies and implement a hybrid or fully remote style of working. In contrast, the majority of San Antonio companies have seen continued interest in returning to the workplace. Click to read more at www.inforney.com.

SAN ANTONIO – Amazon’s presence in the Austin tech world is about to grow by hundreds of employees and thousands of square feet.

The e-commerce giant on Tuesday announced that it will add more than 2,000 corporate and tech jobs in the Central Texas city over the next few years.

The company has also signed a lease for 330,000 square feet of office space at a new building at The Domain, according to a news release. That space is expected to open in 2024.

The additions will add to Amazon’s current footprint of 3,000 tech and corporate employees in Austin and three existing offices at The Domain.

The release states the new jobs will land in the departments of operations technology, Amazon Retail, Amazon Business and Amazon Web Services. Positions include senior data engineers, senior technical program managers, user experience designers and financial analysts.

“Our continued investment in Austin is a testament to the amazing talent and amenities that this city has to offer,” Doug Gray, site lead for Amazon’s Austin Tech Hub, said in the release. “With more than 3,000 jobs already created and more than 1,000 corporate and technology roles currently available, we’re looking forward to continue offering exciting career opportunities to local residents.” Click to read more at www.ksat.com.