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<br />City of La Porte Project Information <br />Project: Austin Powers <br /> <br />This information is to be used for general information purposes only. <br /> <br />· This is a project to manufacture tanks and vessels in the City of La Porte <br /> <br />· This company will have a central plant and corporate headquarters in La Porte <br /> <br />· The City of La Porte is under serious consideration due to our support of the <br />project and the availability of a good location <br /> <br />· This project is projected to create approximately 70 skilled technician positions <br />by the end of year 5 of operations <br /> <br />· This will be a proposed joint effort from the City of La Porte, La Porte <br />Development Corporation, San Jacinto College. <br /> <br />· This project may receive tax abatement or other incentives* <br /> <br />· This project is receptive to partnering with the La Porte Development Corporation <br /> <br />Pinal decisions on the location will be determined over the next few months. <br /> <br />The La Porte Economic Development Board (4B) proposes, to fund up to $50,000 dollars <br />of eligible expenditures allowed by 4B legislation for job creation. The investment is <br />contingent upon the company meeting certain milestones for employment and sales taxes. <br />In return for this investment, the board anticipates a return of approximately $427,500 <br />dollars in sales tax revenue over a ten year period. <br /> <br />Mydocuments/austinpowersprojinfo <br />