New Texas Enterprise Fund Grants Help Companies Add Jobs in Austin
Two e-commerce companies will receive money from the Texas Enterprise Fund as incentive to add more jobs in the State of Texas.
“Texas is the nation’s leading example of creating an environment that allows job growth to flourish, innovations to thrive and families and employers to succeed,” Gov. Rick Perry said. “Paired with our low taxes, smart regulations and fair courts, these TEF investments will help bring hundreds of jobs to Austin, and thanks to our world-class workforce, these employers know Texans are prepared to take on the diverse needs any company may have.”
Websense is relocating their corporate headquarters from San Diego to Austin. They will create 445 new jobs with a capital investment of $9.9 million. The Texas Enterprise Fund will provide $4.5 million of incentives to Websense. Websense is a leading global cybersecurity company that protects organizations from the latest cyberattacks and data theft.
“We are expanding our presence into Austin because it represents an energetic, high-technology hub that will further enable us to meet growing demand for our technology and better serve our global customer base,” Websense CEO John McCormack said. “Our top priority continues to be exceeding customer expectations and protecting organizations from data theft and advanced cyberattacks.”
The second company involved, Dropbox will expand their operations in Austin, creating 170 new jobs with a capital investment of $5.5 million. Dropbox will receive $1.5 million in TEF funds.
“We were drawn to Austin because of the talented people and vibrant tech culture, and we’re thankful to the Governor’s Office for their support as we grow our presence in the area,” Dropbox vice president of business Sujay Jaswa said. “Our Austin team is excited to build deep Dropbox roots here as we focus upon supporting our business customers and our 200 million users.”
The Texas Enterprise Fund was created by the Legislature 2003.