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Two More Major California Tech Companies May Bring 640 Jobs to Austin

Posted on 2/7/2014 by with 0 comments

City and state officials said Thursday they are proposing millions in incentives for two California technology companies in a pair of deals that could bring 640 tech-related jobs to Austin.

The proposed incentives packages are for Websense, a San Diego-based company that protects businesses from cyberattacks, and San Francisco-based Dropbox, a software and cloud storage company.

The city and state incentives deals call for Websense, which employs more than 1,600 worldwide, to relocate its corporate headquarters from San Diego to Austin, create at least 470 jobs with an average salary of $82,000 and make a capital investment of $10 million. In exchange, Websense would get $4.5 million from the state-operated Texas Enterprise Fund, while the city of Austin has proposed a performance-based grant of $438,000 to be paid over a 10-year period.

Dropbox — which already has a presence in Austin — is proposing “expanding into a larger, long-term facility” that would create 170 new jobs in Austin, according to the company’s filings with the city. The Texas Enterprise Fund is offering the company $1.5 million in incentives, while the city has proposed a performance-based grant of $244,500 that would be paid over a 10-year period. Dropbox would have to create 170 jobs with an average salary of $59,000 and make a capital investment of $5.5 million.

Both companies indicated in city filings that they are considering other U.S. cities for possible expansion.

 

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