Business Services Industry
Austin, Texas, Area Officials Ratify Tax Break for Photronics.(Originated from Austin American-Statesman, Texas)
Knight Ridder/Tribune Business News, June, 1996 by Harmon, Dave
Jun. 12--Photronics, a company planning to build a $50 million plant in Round Rock, received a seven-year tax break from Travis County commissioners Tuesday that could save the company almost $750,000 if it hires enough low-income residents.
The planned 50,000-square-foot facility, which will be located in a portion of south Round Rock that dips into Travis County, already has received a tax abatement from the city.
Barry Rockwell, director of special projects for Photronics, said the company plans to break ground in a couple of months and begin production next spring with about 50 employees.
The plant, to be located in the Corridor Park One business park, will make photomasks -- image-bearing plates used to transfer circuit patterns onto silicon...
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