Business in Austin, TX Metro Area
Justin Sayers@JustinSayers
The 'Samsung Effect' in the Austin area makes its way to Cedar Park // A South Korean company that is a supplier to Samsung Electronics Co. Ltd. has officially announced its new U.S. HQ in the suburb northwest of Austin. The company could employ up to 50 people. It's part of a wave of Samsung suppliers that are setting up around the area in an effort to be close to their new massive factory in Taylor. ($)
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Justin Sayers@JustinSayers
The "Tesla Effect" continues with another EV supplier bringing 800 jobs to the Austin-area // A French electric vehicle company that is widely reported to serve Tesla Inc. plans to open a 350,000-square-foot manufacturing site near Manor. The company has been ramping up hiring and could employ 800 people over the next 18 months. ($)
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Justin Sayers@JustinSayers
UT athletes made at least $15.5 million on NIL deals in the last two years // It's important to note this is probably the last time we're going to get this data due to changes to the state's NIL law that limit what is available as a public record. That has angered first amendment advocates, with one professor calling that move "offensive." ($)
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Justin Sayers@JustinSayers
Rocket company ready to takeoff in Austin suburbs with $50+M expansion // Firefly Aerospace Inc. is primed for more growth in the suburbs. The company, which builds rockets for carrying cargo into space, is gearing up to pump tens of million of dollars into expansion at its Cedar Park headquarters and its "Rocket Ranch" testing facility in Burnet County. ($)
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Austin, TX Metro Area#Business