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By Justin Sayers – Staff Writer, Austin Business Journal

A pair of high-tech manufacturing projects that could create more than 1,600 jobs and nearly $3 billion in capital investment may be on their way to Hutto.

While officials from the fast-growing suburb northeast of Austin did not reveal the names of any companies, they indicated during a Jan. 31 special called board meeting of the Hutto Economic Development Corp. that they are negotiating incentives agreement for the two projects. Because nothing is finalized, details including job and investment totals are subject to change.

But should the unnamed companies — labeled “Project Acropolis” and “Project D12” in city documents — select Hutto, they would occupy roughly 600 acres at the city’s “megasite,” located along U.S. Route 79, a short drive from where Samsung Electronics Co. Ltd. is building a $17 billion next-generation semiconductor plant.

The special meeting included a pair of public hearings notifying the public that Hutto could use public funds to develop incentives agreements for the projects. No members of the public spoke during the hearings.

Project Acropolis was described as a high-tech manufacturer in design and fabrication of components for microchips and is said to be eyeing 450 acres in the megasite. The initial capital investment would start at $340 million and ramp up to $2 billion over a decade and include the costs of land, machinery and more. It would create more than 800 jobs in fields such as operations, robotics, engineering, computer science and administration, with an average salary more than $100,000 plus benefits.

 

 

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Sairam Kota

Sairam is an experienced multifamily deal sponsor and asset manager for 738 units, a key principal in 332 units and limited partner in 1000 units. He has a strong experience in asset management, property reposition, income generation, implementing operational efficiencies and cost reduction. Sairam is a licensed Real Estate Broker in the state of Texas. He is a successful IT Consultant with 20+ years of experience in corporate America.