Taylor ISD accepts Chapter 313 incentives application for mysterious project, officials hint at more in the pipeline
Something is brewing in Taylor......
https://www.bizjournals.com/austin/news/2021/07/01/chapter-313-applications-ramp-up-in-taylor.html
Kathryn Hardison – Staff Writer, Austin Business Journal
"As companies continue to make massive investments in Central Texas, a large manufacturing or renewable energy project may be headed for the quiet town of Taylor.
Taylor Independent School District trustees accepted an application for an appraised value limitation on qualified property at its June 30 meeting for a project dubbed Project Colin. The application is for property tax abatements under Chapter 313 of the state tax code, which are used for new manufacturing and energy projects."
...."Padavil declined to comment on the industry or size of the company behind Project Colin.
“Any business development, no matter the size, they’re huge drops in the bucket for the school district,” he said. “In my six months here, I haven’t seen a project this size here, let’s put it that way.”
Many large companies are eyeing Central Texas — especially auto suppliers that would feed Tesla's new plant, which is about 30 minutes from Taylor.
The biggest fish circling Austin's economic pond now is tech giant Samsung, which is reportedly considering Taylor for its $17 billion chipmaking plant.
The South Korea-based company is weighing sites in Phoenix, Austin and upstate New York for a fabrication facility to manufacture a new line of advanced computer chips. A Samsung exec recently stressed the importance of an expansion during a roundtable in Austin with other industry officials about the global chip shortage. The federal government may also soon offer incentives for semiconductor activity in the United States.
The Wall Street Journal reported earlier this year that Samsung was considering the Williamson County suburb of Taylor, though this hasn’t been confirmed by company or city officials.
If Samsung does select rural Taylor, there is an abundance of land for the company to build, and the $17 billion project would certainly be the largest corporate investment the city has ever seen.
Samsung may also choose to add to its massive manufacturing campus in North Austin, where it’s already invested $17 billion over the last 25 years. The company applied for Chapter 313 incentives from Manor ISD earlier this year for a potential project, and there's company interest to apply for incentives from Travis County and the city of Austin. The state could also kick in a grant."
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