A smart-phone manufacturer won a $150,000 incentive grant from the City Council Monday night, with the expectation that the company create 75 jobs over the next three years.
With the incentive, matching one from the state Commerce Department, Durham hopes to bring HTC America Innovation Inc.’s new research and development center to the American Tobacco complex.
“More IT-related jobs would certainly be attractive to downtown Durham,” said said Durham economic development Director Kevin Dick.
Besides new jobs, paying an average of $125,000 per year plus benefits, the center would mean $2 million in private investment, Dick said.
HTC America is the U.S. subsidiary of the Taiwan firm HTC – which stands for “High-Tech Computers,” said chief strategy officer Ron Louks in reply to Councilman Howard Clement’s question.
“That was too obvious,” said Clement.
The company also has Atlanta and Bellingham, Wash., its headquarters city, under consideration for its new location.
The council approved the incentive unanimously and without discussion. The agreement would require HTC to create 45 jobs by the end of 2010, and 15 jobs each by the ends of 2012 and 2013. The new facility, when fully operational, is expected to employ a total staff of 99.
Money for the city incentive would be taken from the dedicated Downtown Fund; the state incentive from the One North Carolina Fund.