Monday, August 23, 2010

Facebook Marks Fourth Win for Austin Chamber Economic Development Efforts in 2010

Last week, the Austin City Council approved economic incentives paving the way for Facebook to officially move forward with plans to develop operations in Austin. In their first major U.S. expansion out of current headquarters Palo Alto, CA, Facebook plans to create 200 jobs for Central Texans with the location of an online sales and operations office.

“We are delighted to formally announce that Facebook will open an online sales and operations office in Austin,” said Grady Burnett, Director of Global Online Sales and Operations at Facebook. “The area’s world-class educational system and talented workforce give us the means to quickly establish a strong outfit. We also want Facebook employees to have a high quality-of-life by being part of a vibrant, dynamic environment and Austin offers all of that and more. We look forward to building our team here in Austin and enjoying all the wonderful things the city has to offer.”

The Austin Chamber worked confidentially with Facebook during their search to find a location for their expansion, encouraging the diversification of the Austin metro economy. Opportunity Austin, the Austin Chamber’s economic development initiative to expand efforts to attract businesses in industries that complement the area’s workforce, such as clean energy, life sciences and digital media, has remained an important factor in Austin’s success with economic growth and development initiatives.

Source: Austin Chamber of Commerce

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