If these conditions are met, the County will then grant Samsung an amount equal to 90 percent of ad valorem taxes paid by the company for the first ten years of the agreement. For the second 10 years of the term, the County will grant an amount equal to 85 percent of ad valorem taxes paid by the company. The plant will not only benefit the county but also Taylor ISD. Superintendent Devin Padavil said the district's partnership will provide them with more opportunities to transform the lives of students through learning opportunities, internships, resources and financial support.
Welcome home to Williamson County and Taylor, Samsung! In the County's development agreement, Williamson County agrees to specific road improvements that are necessary for safety and mobility around construction and operation of the six million square foot facility. This includes improvements to CR and CR , as well as construction of a future county road. The Southeast Loop, which started construction on Segment 1 in July, also is mentioned in the agreement with a completion date of June The plant in Taylor will be the latest to be built in America in recent years, New York Times reports.
Intel broke ground this year on two new factories on an existing campus in Arizona. Taiwan Semiconductor Manufacturing Company is also building a new plant in the state. Pennsylvania dentist accused of murdering wife during big game hunting trip in Africa. Load Error. Landing the new Samsung facility also adds to a series of recent wins for the Central Texas economy. Gunst said she expects the wins and growth of the Central Texas tech industry to continue.
Roger Kay, an analyst with Endpoint Technologies, said Samsung likely ultimately chose Taylor because it was willing to make more concessions than Austin was willing to. In Taylor, local leaders and residents have been excited about the facility.
In a September joint meeting between Williamson County commissioners and the Taylor City Council, community members overwhelmingly spoke in support of the project, saying it would bring jobs and opportunities for residents and students. Wire Services. Become a business insider. Get the latest headlines delivered to your inbox every weekday. By signing up you agree to our privacy policy.
Stand with us in our mission to discover and uncover the story of North Texas. More from Homepage. Dallas County Judge Clay Jenkins says masking, vaxxing and testing key to fighting omicron. Abbott said Tuesday it will bring more than 2, jobs. It has big electricity, it has big water and it has a good road system.
Those nuts-and-bolts things are important to Samsung and to the project. The school board in Taylor had a meeting on Nov. That followed an earlier approval of tax incentives and infrastructure improvements from government officials in Williamson County, where Taylor is located. All Rights Reserved. The Associated Press contributed to this report. DFW Weather. A few showers and drizzle are possible, especially during the afternoon, south of Interstate Lott won four rings with the 49ers.
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