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from: Justin Sayers, Michelle Pitcher, Austin Business Journal
Posted: 09/16/2021 / 3:15 PM CDT
Updated: 9/16/2021 / 6:53 p.m. CDT
TAYLOR, Texas (Austin Business Journal) – As Samsung Electronics Co. moves closer to selecting Taylor for its new $ 17 billion facility, real estate markets are paying close attention to a city that has historically been responsible for some of the soaring housing growth from its neighboring cities.
The tech giant was cleared this month by Taylor City Council and Williamson County Commissioners Court for a number of incentives for the project, which would create at least 1,800 direct jobs along with thousands of indirect jobs on an area of 6 million square feet on 1,200 acres in the facility Near Taylor.
Like Taylor, Williamson County is trying to win the coveted spot of Samsung’s next chip factory
While Samsung has claimed it is still considering other options for the location – including Austin, Phoenix, and upstate New York – housing experts said there was already evidence that even Taylor’s consideration for such a large project has catapulted the residential submarket into a slightly higher area of equipment.
After Taylor was first publicly named as a contender for the work by the Wall Street Journal in January, the average median home sales price in the submarket has risen, according to the Austin Board of Realtors.
Read more in the Austin Business Journal.
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