KVUE -- A local company will soon expand in Austin, creating 1,000 jobs and $80 million in capital investment.
Governor Rick Perry announced Thursday that National Instruments is growing its research and development capacity. The Texas Enterprise Fund (TEF) closed the deal of expansion and job creation by giving $4.4 million to the company.
“Central Texas’ flourishing high tech industry is further strengthened by National Instruments’ expansion, which will create 1,000 technical and engineering jobs and bolster Austin’s status as a hub for research, development and innovation,” Gov. Perry said. “Texas’ continued focus on STEM education is a natural fit, and will ensure the Lone Star State continues to provide the capable workforce necessary for high tech employers like National Instruments to thrive.”
The project in Austin also includes building a 300,000 square foot facility near the company's campus in North Austin.
"National Instruments was founded in Austin over 35 years ago and has grown to a global company, supplying tools to scientists and engineers around the world to accelerate productivity, innovation, and discovery,” National Instruments Chief Operating Officer Alex Davern said. “The business friendly climate in Texas, along with our commitment of intense investment in research and development, is helping drive long-term job growth and economic development in Central Texas."