The City of Sugar Land and the Sugar Land Development Corporation have approved an incentive package to support Texas Instruments Incorporated's plans to build a future business and development facility in Sugar Land.
The new 160,000-square-foot office facility will be located at the northeast corner of U.S. Highway 59 and University Boulevard in the Telfair commercial development area. Construction will be completed by early 2014. The facility will bring more than 375 jobs to Sugar Land.
Texas Instruments chose to build its new facility in Sugar Land based on proximity to employees' homes, local amenities and clarity of site-development plans. The new Texas Instruments facility will house employees that work in a variety of areas within the company's embedded processing organization.
"Texas Instruments has had a long-standing relationship with the city of Stafford, where we have had a site for 45 years," said TI Houston Site Manager Curt Moore. "In January, we announced plans to sell the site in Stafford. T.I. is fully supportive of redevelopment efforts in Stafford and is actively coordinating with the city as the site shutdown and sale activities are proceeding."
The City of Sugar Land's Office of Economic Development created a multi- faceted incentive package that was recently approved by both the Sugar Land City Council and the Sugar Land Development Corporation. The incentive package was based on the company creating more than $35 million in new capital investment and providing more jobs for the city.