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The plan will encourage employers to hire locally while helping train individuals for higher-skilled jobs.
Austin's public park system will also receive nearly $7 million for improvements as a result of the 2021 festival.
A new $130 million combat development complex in at Texas A&M’s campus in Bryan will break ground Oct. 12
Editor's note: This post has been updated to clarify the 8.25% sales tax charge refers to the state and local charges.
In June, Texas Gov. Greg Abbott signed into law a bill that will limit local governments from raising their property tax revenue more than 3.5% year-over-year—excluding new construction and debt obligations—without triggering an election.
Facing revenue caps, majority of Austin City Council members support re-evaluating active corporate tax breaks worth millions
As the revenue caps handed down by the Texas Legislature shape the future reality of Austin, City Council is weighing its options for backing out of active multimillion-dollar tax breaks given to developers and companies in economic development deals.
'State of Downtown' report highlights decade’s development boom but shows depletion of creative industry
Downtown Austin is thriving as the region’s economic engine, boasting real estate and job markets that have continued to flourish since the city moved out of the recession nearly a decade ago, according to a report released April 30.
As hurricane season approaches in Texas, state Comptroller Glenn Hegar announced a statewide sales tax holiday this weekend, April 27-29, on emergency preparedness supplies.
Sitting behind metros such as San Francisco, Seattle and San Jose, and ahead of Denver and Boston, the Austin-Round Rock Metropolitan Statistical Area has the sixth-highest concentration of science, technology, engineering and math, or STEM, jobs in the country, according to new data from the U.S. Bureau of Labor Statistics.
Nearly 75% of Central Texas businesses supported local nonprofits in 2018.
New research from a Washington, D.C.-based nonprofit shows Austin’s growing economy has also led to a widening of the wealth gap between white residents and people of color in Austin.
Editor's note: This story has been updated to reflect a new opening date estimate for the East Austin Hotel.
Austin is on track to sustain its “exceptionally strong” economy and job-growth rate despite projections of slowed GDP growth nationally, said Sarah House, a senior economist for Wells Fargo who presented at the Greater Austin Chamber of Commerce’s annual economic outlook event Dec. 6.
The city of Austin is considering a Democracy Dollars program that would provide eligible residents up to four $25 vouchers each election cycle, according to a May 7 report to City Council by the Charter Review Commission.
As the median value of a home in Austin continues to sharply rise, so too do property tax bills within the city.
The city of Austin plans to appeal a temporary injunction blocking its paid sick leave policy. According to a spokesperson, the city expects to file the appeal by the end of the day.
Statewide grocery store chain H-E-B will locate its Austin-based digital employees in a renovated industrial warehouse in East Austin.
In July, the U.S. Army announced it would bring its Army Futures Command to Austin–using the educational and innovative resources present in the Texas capital city to help the Army bring modernized weapons to its forces.
Austin may be cementing its place among North America’s top tech cities, according to new research from commercial real estate firm CBRE.
Austin City Council members raised questions Wednesday afternoon over transportation, the termination clause and actual costs to the city in their ongoing discussion whether to allow a Major League Soccer stadium to be constructed on city-owned land.
On Tuesday, vacation rental company HomeAway announced the opening of its latest office in the Austin market.
In June, the Texas Supreme Court ruled that a single-use plastic bag ban in Laredo, Texas, violated a state law regulating solid waste disposal. In response, the city of Austin announced that it would no longer enforce its own single-use plastic bag ban, raising questions about how retailers would respond.
WASHINGTON (AP) - U.S. officials say Army leaders will announce on Friday that they've chosen Austin, Texas, as the location for a new command headquarters that will focus on how to modernize the service and prepare for future wars.