Archives > Plano Star-courier > News
Print
E-mail
Comment
Rate
RSS
Share
Software company expands headquarters: Company receives 10-year tax abatement from city
By Bill Conrad, bconrad@starlocalnews.com
PLANO -- One of the world's largest software companies is getting a little bit bigger.
Ericsson, the Swedish telecommunications giant whose North America headquarters are located in Plano, recently announced plans to add on to its campus in west Plano. The new additions will create new jobs and add tens of millions of dollars to the city's tax rolls.
The two-phase expansion will begin with the construction of a four-story, 200,000-square-foot building as well as two multilevel parking garages, said Sally Bane, the city's director of economic development. The property improvements total $17 million, with an additional $2.2 million in business personal property included.
The company will receive a tax abatement for 10 years totaling 50 percent of both the real property and business personal property. In return for the abatement, Ericsson agrees to retain, transfer or create at least 1,000 jobs at its Plano headquarters.
The first phase of construction is scheduled to be complete by the end of 2013, with the second phase following a year later.
Calls to Ericsson seeking comment were not returned.
The following are comments from the readers.
In no way do they represent the view of Starlocalnews.com
In no way do they represent the view of Starlocalnews.com
You must register with a valid email to post comments.
Only your Member ID will be posted with the comments.
Only your Member ID will be posted with the comments.
Registered users sign in here:
Become a Registered User
- Return to: News «
- Home «
- Top of Page ^
