On a recent trip to Los Angeles, Texas governor, Rick Perry, met with wealthy business types to boost the number of companies doing business in the Lone Star State. The trip paid off as eBay, formerly run by Meg Whitman, agreed to tax incentives in exchange for relocating to Texas.
The average salary for these “green economy” jobs is $122,500 and they would have made California’s progressive peddlers very happy. Austin City Council members referred to the coup as “green software programming jobs” that will provide sustained economic growth in the state.
The Internet giant eBay says they will employ approximately 1,000 new workers at their new location.
“This is precisely the kind of company we would like to see expand in Austin. This project will include great jobs for Central Texans,” Mayor Lee Leffingwell said.
Gov. Rick Perry's office claimed the eBay move would bring an estimated $5.1 million in capital investment to the state.
“Austin’s high-tech economy and skilled workforce are perfect for eBay, and I’m pleased to welcome this expansion and the more than 1,000 quality jobs it will bring to Texas,” he said.
By moving to Texas eBay will not only save money they will avoid those pesky regulations that plague California’s business sector.
“Austin is a vibrant, exciting city with a strong heritage for technology expertise and lots of growth potential,” says eBay Vice President Mark Carges. “Our state-of-the-art facility there has room for expansion and the support we have received from the state of Texas and the city of Austin reinforces our commitment to attracting top talent in regions where we operate.”
Currently Texas offers one of the country’s best tax environments for corporations. The state tax burden in Texas is 8.40 percent and in California it’s 10.50 percent. Texas also offers healthy double-digit personnel income growth 67.6 percent versus 56.6 percent in California.
With no personal state income taxes in Texas, eBay should be able to recruit California’s best and brightest minds to relocate in a state looking to expand commerce and provide lucrative jobs for young families.
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