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By Kathryn Hardison and Justin Sayers – Austin Business Journal

Public documents shed new light on where Samsung could possibly put its $17 billion factory if it chooses the Austin suburbs.

Taylor City Council plans to meet Sept. 9 to consider the creation of a tax increment financing reinvestment zone and a tax abatement reinvestment zone for nearly 1,200 acres in the city’s extraterritorial jurisdiction

The zones, which are economic development tools under Chapters 311 and 312 of the state’s tax code, would cover 35 plots totaling 1,187.5 acres between Taylor and Hutto. The land is located southwest of downtown Taylor, in an area south of State Highway 79, north of County Road 1660, east of County Road 3349 and west of Farm to Market Road 973, according to the documents. That’s near the RCR Taylor Logistics Park and the Hutto megasite, which been touted by city officials as prime opportunities for economic development.

The news comes as Samsung considers Taylor in its national search for a location to build a $17 billion chipmaking plant, which will create the company’s most advanced computer chips. Austin is also under consideration, along with sites in Phoenix and upstate New York.

The company has started negotiations with various local officials for incentive deals — largely tied to property tax savings — in both Austin and Taylor. The Chapter 313 application with Taylor ISD was the first public acknowledgement of the company’s interest in the Austin suburb. Chapter 313 incentives allow a school district to cap a portion of property taxes that it would receive as a way to incentivize a company to choose Texas for manufacturing and renewable energy projects.

Chapters 311 and 312 are also economic development tools used by municipalities to attract economic development.

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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.