Samsung seeking property tax abatements for $17B plant in Taylor

[Neil Narayan]

Samsung's interest in multiple Central Texas sites for a planned $17 billion chipmaking plant is coming into focus.

Samsung is seeking Chapter 313 property tax abatements from Taylor Independent School District for its potential plant, according to documents posted on the state comptroller’s website. Travis County on July 15 also uploaded an agenda for its July 20 commissioners court meeting that includes plans to discuss Samsung's application for an economic development performance agreement there.

If Samsung chooses Austin or rural Taylor, the company’s $17 billion investment — one of the largest foreign investments in recent U.S. history — would catapult Central Texas into a new era of semiconductor technology. Samsung has had a factory in North Austin since 1997.

About 1,800 direct jobs would be in tow, not to mention the thousands of indirect jobs, such as construction work. Other corporate investments would surely follow such a project, experts have said. The company could attract new talent to the area, adding to the already competitive housing market.

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