Council approves $1.7 million for National Instruments expansion
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National Instruments is one step away from having its incentive package approved.
The Austin City Council approved Thursday evening giving the Austin-based technology company nearly $1.7 million in property tax breaks in exchange for a pledge from the company to create about 1,000 jobs over the next 10 years.
The expansion is expected to involve about $80 million in capital investment and the construction of a 300,000 square-foot facility near the company's site in North Austin.
Governor Rick Perry offered $4.4 million from the Texas Enterprise Fund.
Travis County Commissioners are expected to vote on their offer next Tuesday.