San Antonio adds conditions to its economic development incentive program

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San Antonio adds conditions to its economic development incentive program
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New requirements include a bump in wages, heat-related training and a mandate to participate in the city's workforce development program.

We've set a goal to raise $90,000 by Dec. 31 and we need your help to do it. Your support during our year-end campaign will help power our independent reporting in 2025 and beyond.People attend a job fair hosted by Ready to Work at the Frost Bank Center in June. Business looking to set up in San Antonio will be required by the City of San Antonio to participate in the city’s workforce development program, Ready to Work.

The program also addresses standards that companies considered power-intensive users — projects using 40 megawatts or more of electricity — must meet. Such users will be required to employ 200 people to be eligible for incentives. After a council briefing in November, several more new measures were added to the policy as well, said Brenda Hicks-Sorensen, director of the city’s economic development department. , and hire at least 30% of its local workforce from within the city, its extraterritorial jurisdiction or Bexar County.

Hicks-Sorensen also showed the council how San Antonio’s incentive program stacks up to other municipalities in the state and nationally in their requirements and incentives offered. In the last four years, the San Antonio region has attracted almost $6 billion in capital investment resulting in almost 24,000 jobs. A list of the city’s active incentive agreements and programs with companies like JCB and Microsoft

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