(The following is a reformatted version of a press release
issued by the Texas Governor’s Office and obtained at
Gov. Perry Announces Visa to Create 800 New Jobs in Austin
Wednesday, November 21, 2012  •  Austin, Texas  •
Press Release 
Gov. Rick Perry today announced Visa U.S.A. Inc. will build a
new global IT center and create 794 new jobs in Austin and
millions in capital investment. In exchange for Visa’s
commitment to create these new jobs in Texas, the state has
offered the company $7.9 million through the Texas Enterprise
Fund (TEF). Execution of a state agreement is contingent upon
finalization of local incentives. 
“Here in Texas, our commitment to low taxes, reasonable
regulations, fair courts and equipping a skilled workforce have
kept our state at the forefront of job creation,” Gov. Perry
said. “Texas is competing nationally and internationally for
jobs and we want companies who are looking to expand or relocate
to consider the Lone Star State first and all we have to offer.
Visa’s decision to build a new global IT center in Austin is a
great fit with our skilled workforce and Central Texas’
reputation as a hub for high tech companies.” 
Visa is a global payments technology company that connects
consumers, businesses, banks and governments in more than 200
countries and territories. 
“Visa is continually looking for opportunities to add world-class talent to our organization,” said Will Valentine, a Visa
spokesperson. “Austin offers a vibrant technology community and
business-friendly climate, and we are working closely with local
officials to finalize an agreement.” 
The Legislature created the TEF in 2003 and has re-appropriated
funding in every legislative session since then to help ensure
the growth of Texas businesses and create more jobs throughout
the state. TEF projects must be approved by the governor,
lieutenant governor and speaker of the House. The fund has since
become one of the state’s most competitive tools to recruit and
bolster business. To date, the TEF has invested more than $472
million and closed the deal on projects generating more than
63,900 new jobs and more than $22.6 billion in capital
investment in the state. 
For more information about the TEF, please visit
http://www.texaswideopenforbusiness.com/incentives-financing/tef.php or http://www.governor.state.tx.us. 
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