The City of Sugar Land and the Sugar Land Development Corporation recently approved an incentive package supporting plans by Texas Instruments to locate a future business and development facility at the northeast corner of US Highway 59 and University Boulevard in the Telfair commercial development area.
The office facility, estimated to be about 160,000 square feet, is planned for construction to be completed by early 2014. The facility will be built on a seven-acre site and bring more than 375 jobs to Sugar Land.
Texas Instruments decided to locate its research and development facility in Sugar Land after announcing plans to sell a Stafford site where the company had been located for 45 years.
"Texas Instruments is fully supportive of redevelopment efforts in Stafford and is actively coordinating with the city as the site shutdown and sale activities are proceeding," said TI Houston Site Manager Curt Moore. "We are appreciative of the ongoing support we have received from Fort Bend County and of their efforts to retain TI within the county. And we are very excited about our future home in Sugar Land and the opportunities this will bring. We look forward to forging new relationships with the business community in Sugar Land."
The City of Sugar Land's Office of Economic Development created an incentive package that was recently approved by both the Sugar Land City Council and the Sugar Land Development Corporation to secure the research and development facility in Sugar Land. The incentive package was based on the company creating more than $35 million in new capital investment and providing more than 375 jobs for the city.
"We are ecstatic to welcome a stellar Fortune 500 Company such as Texas Instruments to Sugar Land," said Mayor James Thompson.