Description
Title: Approve a resolution nominating United Parcel Service, Inc. (UPS), located at 9020 Tuscany Way, Austin, TX, 78754, for designation by the Governor’s Economic Development and Tourism Office as a single Texas Enterprise Project in accordance with Texas Government Code Chapter 2303. Funding: The City is only required to provide a nomination and is not obligated to provide any funds or incentives.
Summary
The City of Austin's Resolution No. 26-1140, adopted on February 26, 2026, nominates United Parcel Service, Inc. (UPS) as an Enterprise Project under the Texas Enterprise Zone Program. This program aims to stimulate economic growth in severely distressed areas by attracting private investment and creating jobs for residents, particularly veterans and economically disadvantaged individuals. The resolution follows prior ordinances that established local incentives for qualifying projects. Although UPS's project site is outside designated enterprise zones, it meets criteria for local incentives, including creating significant employment opportunities. The project is expected to foster economic stability and align with the City’s development goals. It will be effective upon approval by the Governor’s Office and will last for five years.