[JoninATX]

Massachusetts health care company to bring 607 jobs, $13M investment to Austin

By Robert Grattan
Jan. 15. 2014

Athenahealth Inc. (Nasdaq: ATHN) has plans to bring 607 jobs and a multimillion dollar investment to Austin's downtown Seaholm power plant redevelopment.

The city of Austin and Gov. Rick Perry's office announced the health care technology company's plans for a research and development center Wednesday night.

In exchange for the investment, the city of Austin has offered an incentives package including a $679,500 performance-based grant. The state's Texas Enterprise Fund has offered the company a $5 million incentives grant for the expansion.

The proposal is estimated to bring a net fiscal benefit to the city of $1.67 million, according to a statement. The city said Athenahealth — based in Watertown, Mass. — will invest at least $7.75 million while the governor's office has announced the company plans to invest $13 million. More details are expected to be revealed when the city releases its related documents.

http://www.bizjournals.com/austin/ne...-600-jobs.html