A recent article in the Austin American Statesman stated that a gold depository is coming to Leander, Texas. Lone Star Tangible Assets will build the facility, estimated to be less than 50,000 square feet, on ten acres of land but have not disclosed the location (I wonder why that may be). To land this business the city of Leander has agreed to 1.5 million dollars in infrastructure improvements and further agreed to pay Lone Star Tangible Assets a $100,000 grant for six years if the company employs 100 people within three years of operation. Sounds like a lot that the city is giving up but in return these 100 people will have a base salary of $50,000 a year. The article was silent about providing free samples. These employees in turn will generate sales tax revenue, stimulate the local economy by purchasing products and services, and oh yes, renting and buying houses in Leander.
Just another good reason to own Austin area (Leander) residential rentals.
Rick Ebert / Austin, Texas / 4 Nov 17