Blue Origin, Jeff Bezos' space technology company, selected Hutto as the site for a $555 million advanced manufacturing and operations campus in early October.
Called Constellation Park, the 1.3 million-square-foot complex is expected to house more than 2,000 jobs over the next 10 years, according to information from both the city and company.
The details: Because the local economic development incentives are not yet finalized, the details aren’t available publicly, Gamboa said.
Gov. Greg Abbott’s office awarded Blue Origin an $18.2 million Texas Enterprise Fund grant as well as a $10,000 Veteran Created Job Bonus.
Snyder said the HEDC’s economic incentive prioritizes jobs for Hutto residents. Using sales tax revenue, it provides Blue Origin with $10,000 per employee who has been a Hutto resident with a homesteaded property for at least a year.
Additionally, Snyder said the city’s incentives will reimburse a portion of Blue Origin’s property taxes for a period of time. Internships for Hutto ISD students are also built into the deal, he said.