Development Corporation of Abilene alters Genesis incentive
March 24, 2010
The DCOA will enter negotiations with Texas Tech University to lease space in the DCOA-owned Grant Building at 302 Pine St., which was occupied rent-free by the now-departed Texas Tech graduate program in software engineering. The second and third floors likely will be rented at market value for about $6 per square foot per year, or a total of about $65,748 per year, Burdine said.
Software testing company Genesis Networks Systems can earn incentive payments for fewer new hires under a resolution passed Tuesday by the Development Corporation of Abilene, which uses the city’s half-cent sales tax to fund job creation incentives.
The DCOA will enter negotiations with Texas Tech University to lease space in the DCOA-owned Grant Building at 302 Pine St., which was occupied rent-free by the now-departed Texas Tech graduate program in software engineering. The second and third floors likely will be rented at market value for about $6 per square foot per year, or a total of about $65,748 per year, Burdine said.