The British are Coming!

To Austin that is. As recently reported in the Austin American Statesman, ARM, a British semiconductor firm has pitched to the Travis County Commissioners Court a proposal for a $12M facility in southwest Austin that will create 150 new jobs over the next 5 years. Of course ARM is looking for tax advantages to do the deal. The average salary for these new positions is a nice $88K a year. ARM already employs 350 here and want to expand their operations because Austin is becoming a hub for intellectual property.