National Instruments, a designer and manufacturer of electronic measurement software and hardware, will expand its research and development capacity in Austin with an $80 million capital investment, creating 1,000 technical and engineering jobs.
The expansion will require the hiring of additional engineers and technology specialists and will include developing a 300,000-square-foot facility located next to the company's current site in North Austin.
The state of Texas is providing $4.4 million through the Texas Enterprise Fund (TEF) to close the deal, contingent upon finalization of a local incentive package slated to be considered by Travis County early next month. The expansion of National Instruments, which has operations throughout the U.S., Canada and 45 other countries, further bolsters Austin’s status as a high-tech hub, Gov. Rick Perry said.
"We welcome the 1,000 new jobs this expansion will bring," Texas Sen. Kirk Watson said. "Austin is a special place, and it continues to attract employers from around the world and opportunities for people who are here.
"Nevertheless, we're in a competition with other cities and regions for these kinds of jobs. It speaks well of Austin that National Instruments has chosen to stay here and to grow here."
TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state's most competitive tools to recruit and bolster business, with more than $497.8 million invested to date on projects generating more than 67,300 new jobs and more than $18.7 billion in capital investment.