Samsung reportedly selects small Central Texas town for new $17 billion factory

Nov. 23, 2021

The WSJ besides reports that exertion elephantine volition person "property-tax breaks of up to 92.5 percent for the archetypal 10 years, with the write-offs gradually declining implicit the adjacent respective decades," according to interior Samsung documents.

Samsung's enactment isn't a full surprise; the institution has been courted by some Austin and Williamson County (where Taylor is located) for the past year. Its enactment of Taylor, however, volition undoubtedly mean a taste displacement for the quaint town, which has a colonisation of little than 20,000, according to the astir caller Census data. 

Located astir 30 miles northeast of downtown Austin, Taylor has not been immune to the rising costs that person plagued the Capital City portion successful caller years. For example, successful October 2021, the median location terms successful Williamson County was $430,000. Four years ago, successful October 2017, that median terms was conscionable $268,000, according to information from the Austin Board of Realtors. 

Though it's unclear precisely erstwhile the quality volition beryllium confirmed, Gov. Greg Abbott is scheduled to marque an "economic announcement" connected Tuesday astatine 5 p.m. As the WSJ notes, Samsung's newest U.S. mill comes amid a propulsion by the Biden medication to summation the country's semiconductor production, an important plus successful the world's progressively frenzied technology race.