Oracle is planning to locate a new operations center in San Antonio, Texas and create 200 new jobs at the facility.
The San Antonio Economic Development Foundation, a non-profit organization responsible for attracting new business and jobs to San Antonio, has put together a proposal that includes $1.2 million in local incentives for Oracle.
The City of San Antonio will provide a $1 million grant, assuming the economic development agreement is approved by the City Council, which is scheduled to consider the agreement at a meeting on May 15.
San Antonio Mayor Julian Castro said these 200 Oracle jobs will be a powerful addition to the city‚Äôs fast-growing IT sector.
The Bexar County Commissioners Court has already approved a resolution to allow staff to begin negotiations with Oracle on the $200,000 grant the county would provide under their agreement with the company. After negotiations are complete, the final agreement would be brought back to the Commissioners Court in early June for their final approval.
County Judge Nelson Wolff said that Oracle‚Äôs interest in locating operations in Bexar County is proof that the economy is strong and the business climate attractive to such global companies.
Oracle chose San Antonio as the location for this project after a highly competitive site selection process involving several other sites.¬†City Manager Sheryl Sculley said they worked diligently to present a competitive package highlighting the many benefits of locating the operations center in San Antonio.
Sculley added that Oracle‚Äôs decision to locate operations in San Antonio is a big win for the City and sets the stage for continued growth in San Antionio‚Äôs IT sector businesses and jobs.
Randy Smith, vice president of Real Estate and Facilities, Oracle, said that San Antonio offers opportunities for economic growth and a highly skilled workforce, which he said makes the City an ideal location for Oracle.
San Antonio Economic Development Foundation Chairman Steve Waters said this typically collaborative effort between the City, County, SAEDF and other economic development partners offers an environment that is highly appealing to the IT sector.