The Round Rock City Council has approved an economic incentive agreement with an electronics manufacturer that will bring 60 new jobs and a USD 5.65 million investment in a new facility to the city in Texas. https://t.co/tquXwBKzwz
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Commentary: Tesla deal generates tax dollars for Texas
By Tony Bennett and Dale Craymer
Limited and temporary property tax discounts, known as Chapter 313 agreements, allow Texas communities to attract major industrial projects, keep Texas competitive and grow jobs — and they do not cost taxpayers a dime. Regular critics of these discounts frequently mischaracterize the program by claiming companies receive taxpayer dollars to locate in Texas, which is not true. Read more.
As Texas and the United States move forward to recover from the devastating impact of the COVID-19 crisis, it is a reminder of how critical manufacturing is to our everyday lives. Check out our latest blog to see how manufacturers quickly adapted to retool operations to meet the demand for critical products needed to protect healthcare workers, first responders, patients and the public.