ARM to flex in Southwest Austin
Nov 26, 2014
ARM Inc. plans to invest $56 million in capital projects in Travis County during the next five years, including $12 million on a new facility at 5707 Southwest Parkway, according to Travis County documents.
On Nov. 25, after Community Impact Newspaper went to press, Travis County Commissioners Court was scheduled to consider a motion to nominate the computer processor maker as an enterprise project under the Office of the Governor’s Enterprise Zone program.
If accepted in the state program, the San Jose, California–based company would receive the maximum expected incentive of $1.25 million in rebate state sales tax during a five-year period.
Travis County is not expected to offer any incentives, according to county documents.
ARM is building a four-story, 120,000-square-foot corporate campus on Southwest Parkway. The project, which has been dubbed the Encino Trace Building during planning, will be completed in August.
The company will also invest $44 million in new data center equipment at a second facility near Austin-Bergstrom International Airport, said Katie Gipson, senior budget analyst for the county’s Planning and Budget Office.
On Nov. 18 the court held a public hearing prior to the nomination.
County staff recommended the court nominate ARM “due to the level of capital investment as well as the job creation and retention levels” of existing positions, according to county documents.