The City of Austin proposed an economic development agreement with National Instruments Corp. that would create 1,000 new jobs at its Austin-based headquarters. Once the City Council approves the agreement, National Instruments will be eligible to receive $4.4 million from the state's Texas Enterprise Fund.
The new jobs will be full-time engineering, technology, research, and development positions. The proposal also includes the construction of 300,000 square-foot facility at the NI headquarters.
National Instruments has 2,440 employees in Austin, with a total of 6,850 employees in more than 40 nations. The City of Austin believes the economic development agreement will stimulate business activity in Austin, as well as enhance state and local economic development.
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