Chamber supports TI’s proposed new facility
by The Dallas Morning News (see full article)
Texas Instruments may pick Richardson for a new manufacturing facility that it says could amount to $3.2 billion of investment and create as many as 625 jobs.
The Dallas-based chipmaker detailed its potential plans for the Richardson site in an application for a ten-year tax incentive agreement worth tens of millions of dollars with Plano ISD, the school district where the new facility would be based.
Bill Sproull, president and CEO of the Richardson Chamber of Commerce, said the group is, "obviously excited about the opportunity," to reel in that level of investment. "We worked on the original deal that brought the [Texas Instruments] investment to Richardson and we think we're going to be competitive," he said.
The project would also bring an estimated 650 new jobs to Richardson by 2030, according to the application.
Texas Instruments said in its application that it could begin construction on the property in 2019, with commercial operations beginning in the first quarter of 2022.
Texas Instruments currently owns and operates a manufacturing facility in north Richardson that falls within PISD boundaries, located at 300 W. Renner Road.
The Chamber's board recently met at the Richardson facility (RFAB) for its board meeting. The site was originally constructed in 2006, and started operations in 2009 after taking advantage of purchasing equipment from another company's closing facility. The facility has continued to build out to a higher level of capacity.