Flextronics — which makes the sleek and new Apple Mac Pros in Austin — has proposed to hire 300 new employees, keep 200 others on staff and invest $15 million in Austin as part of a city-sponsored, enterprise zone designation, according to draft documents at the city.
The deal would use the state’s Texas Enterprise Zone Act to designate Flextronics as a single enterprise zone project. Under the terms, Flextronics America LLC, a division of Singapore-based electronics manufacturer Flextronics International Ltd. (Nasdaq: FLEX), would agree to invest $15 million, hire 300 new workers and retain 200 more at its 12455 Research Blvd. site in North Austin. In exchange, the company would receive up to a $1.25 million refund from the state’s sales and use tax and get a speedier development review process from city officials.
Last October, Flextronics went through similar negotiations with Travis County to be designated a foreign trade zone in exchange for hiring more than 800 workers and investing in technology to help the company produce the new Apple Mac Pro computer. It’s unclear if the jobs that the company would commit to in Austin would be in addition to or part of the more than 800 it had previously said it may hire.
via Flextronics, an Apple hardware maker, requests incentives for planned $15M, 300 new job investment – Austin Business Journal.