Online auction giant EBay is planning to add 1,000 jobs to the Austin area over the next 10 years and plans to take advantage of $1.2 million in incentives offered by the city. Documents released by the City of Austin indicate that EBay and its subsidiary companies, including PayPal, will develop the new jobs in the local economy to support ongoing online growth.
According to a story from the Austin American-Statesman, PayPal already has about 250 employees working in Austin and expansion will likely occur in the same location in the Freescale Complex on Parmer Lane. Both EBay and PayPal have had tremendous success providing online services and together have nearly 18,000 employees worldwide.
Typically, every two jobs created accounts for one housing start, according to Mark Sprague, Director of Business Development at Mission Mortgage. The EBay and Samsung announcements are very positive for both the job market and the real estate industry in Austin and we are excited to see companies bringing more jobs to our area. These highly technical jobs help solidify our reputation as a tech sector hotbed and will help lure even more companies and jobs to the area in the future.
To read the complete article from the Statesman, click here.