With an investment of USD$2.5 million from the Texas Enterprise Fund (TEF) and a USD$900,000 grant from the City of Austin, the company has said it will open a major new corporate operations center in Austin, Texas. In the next four years, the company expects to generate 450 jobs in the region; 115 should be created next year.
The new facility will house such operations as marketing, legal and finance functions. SunPower adds that Texas will now become one of its top three office locations in the U.S.
"We appreciate Gov. Perry, Mayor Leffingwell and state and city officials for providing SunPower the economic incentives that will support our expansion to Austin and create hundreds of local jobs," said SunPower CEO Tom Werner. "Austin offers highly capable human resources and Texas is blessed with an excellent solar supply. If policies creating a stable market across Texas are enacted, this could be the start of considerable increases in investment and job creation across the state by SunPower and the rapidly growing global solar market."
In addition to the solar market potential in the state, and development incentives offered, the company cited Austin's workforce, semiconductor industry expertise and academic institutions as factors influencing its decision to open its office there.
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