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	<title>Austin Rising Real Estate &#187; business</title>
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		<title>Facebook IS opening a 200-person Austin office</title>
		<link>http://www.austinrisingrealestate.com/2010/03/facebook-may-open-200-person-austin-office/</link>
		<comments>http://www.austinrisingrealestate.com/2010/03/facebook-may-open-200-person-austin-office/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 15:08:32 +0000</pubDate>
		<dc:creator>Bryan Kosarek</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Austin]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[downtown]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Growth]]></category>

		<guid isPermaLink="false">http://www.austinrisingrealestate.com/?p=1577</guid>
		<description><![CDATA[By American-Statesman staff &#124; Thursday, February 25, 2010, 10:01 AM
Austin could gain more than 500 new jobs with proposals by a Chinese solar energy company that is considering building a $20.7 million manufacturing plant here and by Facebook to open a sales office here.
Gov. Rick Perry announced the Facebook proposal this morning, and said the [...]]]></description>
			<content:encoded><![CDATA[<p>By American-Statesman staff | Thursday, February 25, 2010, 10:01 AM</p>
<p>Austin could gain more than 500 new jobs with proposals by a Chinese solar energy company that is considering building a $20.7 million manufacturing plant here and by Facebook to open a sales office here.</p>
<p>Gov. Rick Perry announced the Facebook proposal this morning, and said the state would provide $1.4 million in incentives, conditioned on the approval of local incentives.</p>
<p>Facebook, the top social networking site, would create a 200-employee sales and operations center in Austin, with about 180 of those jobs filled locally. The average wage would be $54,000 a year.</p>
<p>The city is proposing an incentives package totaling $200,000, tied to job creation targets, said Brian Gildea, Austin’s economic development manager.</p>
<p>The city also is proposing property tax breaks for Yingli Green Energy Associates, which is considering Austin for a solar-panel manufacturing plant that would create more than 300 jobs. Austin also would become Yingli’s U.S. headquarters.</p>
<p>Yingli, the U.S. subsidiary of a large Chinese solar-energy company, would get 80-percent property tax breaks for 10 years under an incentives offer from the City of Austin.</p>
<p>The company also has received preliminary approval for a federal clean-energy grant, said Dave Porter, senior vice president for economic development at the Greater Austin Chamber of Commerce.</p>
<p>Yingli also is considering Phoenix, Ariz., Porter said. The company needs to choose a site by March 15 in order to qualify for the federal grant.</p>
<p>The Yingli jobs range from 245 manufacturing workers who would make $13.50 an hour to 45 staffers at $50,000 a year and 2 executives at $125,000 a year.</p>
<p>The City Council will have public briefings on both proposals next month, with public hearings and votes to follow on March 11.</p>
<p>Details on both proposals are on the city’s Web site, at www.ci.austin.tx.us</p>
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