City of San Antonio Economic Development

The Culture of Business

City of San Antonio and Texas Research & Technology Foundation Strike a Deal with Tech Giant

SAN ANTONIO (March 3, 2016).– Today, City Council voted to enter into an Industrial District Non-Annexation Agreement with Microsoft Corporation, Inc., relating to a 158-acre parcel at the Texas Research & Technology Foundation’s Texas Research Park (TRP) located approximately 20 miles west of downtown San Antonioin the city’s extraterritorial jurisdiction area.

The agreement helped secure the company’s planned investment of approximately $1 billion to develop a data center in eight buildings, a key targeted industry for the TRP. The investment is expected to occur in four phases over8 years. This investment by Microsoft will expand on the company’s data center presence at Westover Hills in San Antonio’s District 6.

“We are focusing on selling property to data centers because San Antonio and CPS Energy has a strong competitive advantage on power resources,” said Texas Research & Technology Foundation’s President York Duncan. “Our foundation intends to use a portion of the proceeds to set up an endowment that will help further fund startup companies in the bioscience and IT fields.”

The agreement reached with Microsoft will secure new high-wage jobs and ensure the City can direct the annexation of this property in the future.  “

Microsoft has fomented its relationship with our city since 2007,” said Mayor Ivy Taylor. “When a world-class company like Microsoft decides to further invest in the areas around our city, it showcases the traction that the San Antonio-metro is gaining within the IT industry.”

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 One San Antonio

Diverse, internationally connected and globally competitive, San Antonio has a vibrant culture and economy and is consistently ranked among the fastest-growing cities in the United States. America’s seventh-largest city offers opportunities in industries ranging from bioscience, financial services, aerospace, cybersecurity, energy and transportation manufacturing to healthcare. We are “Military City USA,” home to crucial military commands supported by a patriotic citizenry. We welcome 31 million visitors annually who inject $13.4 billion annually into our economy, and UNESCO recently designated the city’s Spanish colonial missions as a World Heritage Site. Celebrating its 300th anniversary in 2018, San Antonio is a city with a storied past and an even brighter future. For more information, visit www.sanantonio.gov

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This entry was posted on March 3, 2016 by in News Stories, Press Releases.

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