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Business Report: GEICO Expansion Brings 1,000 New Jobs To Katy, TX

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Execution of the state’s agreement is contingent upon finalization of a local incentive offer as required by program criteria. Los Angeles-based Occidental Petroleum Corp. The company extended its lease in Greenway Plaza in March of 2013. But the change will move the overall headquarters from Los Angeles to Houston.

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FEATURE STORY: The Story Of Storage

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“Hybrid clouds took off, and Infrastructure-as-a-Service, Software-as-a-Service and Platform-as-a-Service vendors really came into their own. ” Greene continues, “2012 also witnessed the birth of the software defined data center. ” According to Greene, the push for eco-sensitive options has been a success.

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COVER STORY: 2013 Business Facilities Rankings Report – Metro And Global Rankings

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In March, IBM announced a new 800-job technology center in downtown Baton Rouge that will provide software development and software maintenance services to clients in the U.S. with services that address the increasing demand for flexible software to keep up with Big Data, cloud and mobile requirements they are facing.

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STATE INCENTIVES GUIDE

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The program offers the following incentives: Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment.

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