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Approve a resolution nominating Spansion LLC, located at 5204 East Ben White, for designation by the Governor's Office of Economic Development and Tourism as a single Texas Enterprise Project in accordance with Texas Government Code Chapter 2303. Funding: This item has no fiscal impact. The State Enterprise Zone designation would not include any additional incentive from the City.
De
Lead Department
Economic Development.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
October 18, 2007 - Council approved Ordinance No. 20071018-008 electing to participate in the Texas Enterprise Zone Program.
November 4, 2010 - Council approved Ordinance No. 20101104-046 amending its program to identify additional local incentives for the Texas Enterprise Zone Program.
November 14, 2019 - Council approved Ordinance No. 20191114-068 amending its program to identify additional local incentives for the Texas Enterprise Zone Program.
August 29, 2024- Council approved Ordinance No. 20240829-154 amending its program to identify updated local incentives for the Texas Enterprise Zone Program.
November 7, 2024- Council approved Ordinance No. 20241107-041 amending its program to update local incentives for the Texas Enterprise Zone Program.
For More Information:
Anthony Segura, Interim Director, Economic Development Department, 512-974-3187; Haileigh Meyers, Program Manager II, 512-974-2254.
Additional Backup Information:
Spansion LLC (Spansion) is a semiconductor company creating chips for power systems and Internet of Things products. The parent company, Infineon, employs over 58,600 employees worldwide, with 960 positions being located at the facility on East Ben White.
Over the next five years, Spansion anticipates job retention and investment noted below. The company will be investing over $83 million into their fabrication facility located on East Ben White. The current facility is 30 years old and in need of upgrades to ke...
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