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Futronic USA to establish first US plant in Buda
BUDA — A project dubbed "Forward Motion" received the green light from the Buda City Council in June and then the Hays County Commissioners Court on July 16 in the form of tax breaks and other financial incentives. Futronic USA Inc., a leading manufacturer of motor vehicle transmission and powertrain parts and a supplier to Tesla, is setting its sights on the city of Buda for its first-ever U.S. location. The South Korean-based company is eyeing the acquisition of the former Fat Quarter building, spanning 66,250 square feet and situated on the west (southbound) side of IH-35, off Business Park Drive. The building acquisition is estimated at $11 million, with a capital investment of $17 million, which will include building improvements, fixtures and equipment. The company estimates it will create at least 200 jobs, with an average wage of $52,000 per year. The news has Buda Economic Development Corporation CEO Jennifer Storm excited. "Buda is about 20 miles from Tesla's manufacturing facility, Giga Texas, making us perfectly positioned for Tesla suppliers like Futronic,” Storm said. "At full build-out, Futronic is planned to employ 350 high-paying positions in our community, which would make Buda's largest employer,” Buda EDC Assistant Director Shannon Mumley said. “This is huge! Buda has a skilled workforce, with a school district that provides robust CTE programming, so this is a real asset for not only our economy, but for families and future generations." The EDC Incentive Task Force recommended, and council approved, providing $600,000 to encourage job creation. Commissioners approved an undisclosed amount via a Chapter 381 Incentive Agreement, which, according to the Texas Comptroller's Office, allows counties to negotiate directly with developers and businesses to provide incentives encouraging developers to build in their jurisdictions. Futronic wants to begin finishing out the space by the third quarter of 2024 and begin production a year later, in 2025. Futronic started in 1993 in automotive electronics. Since then, it has been supplying various types of motors, actuators and controllers to global automotive companies and continues to develop new products through creative and innovative technology and continuous growth.
Public Warned to Stay Out of Upper Guadalupe River near Spring Branch
Comal County advises the public to expect debris in the Guadalupe River at Rebecca Creek Road bridge and the FM 311 bridge west of Canyon Lake near Spring Branch. The river was expected to crest at around 12.06 feet by 2 p.m. today, with flow rates of around 8,000 cubic feet per second (cfs) at the two bridges.
Austin police arrest suspect in 'jugging' robbery of 80-year-old man
Austin police arrested a 22-year-old man Tuesday in connection with a "jugging" robbery that targeted an 80-year-old man who had just left a bank. Christopher Phillips was taken into custody within hours of the robbery, which happened around 12:40 p.m. in the 7300 block of Inspiration Drive in east Austin, according to the Austin Police Department.
Unidentified object spotted moving across the Moon
AUSTIN, Texas - An Austin man isn't sure what he captured on camera recently, but he's hoping someone will help him solve the mystery. Eric Eman shot video of the Moon on his Seestar S50 telescope on July 21 at around 11:29 p.m. He says he noticed a black object...
Disgraced Top Chef Winner Gabe Erales’ Restaurant Bacalar Closes
On Monday, the word went up on Bacalar’s social media: “Exciting changes coming soon!”. Maybe less exciting for Gabe Erales, the executive chef who based the Rainey Street restaurant’s menu on his childhoods spent in the Yucatán Peninsula. Opened in September 2023, Bacalar marked Erales’ first new restaurant since winning Top Chef season 18 in 2021. That moment of triumph was significantly complicated when news broke that Erales had been terminated from then-homebase Comedor for misconduct. In a now-deleted Instagram post, the longtime Austin chef acknowledged he had had an extramarital affair with a Comedor employee and then reduced her work hours, which, Erales conceded at the time, “in combination was a poor judgment call and led to my termination after I filmed Top Chef.”
Palladius Capital Sells 672-Bed Community Near Texas State University
San Marcos, Texas — Palladius Capital Management has sold The Oasis, a 672-bed student housing community located near the Texas State University campus in San Marcos, for an undisclosed price. The company acquired the property in 2022 and completed capital improvements, which included updates to all 240 units and upgrades to the community’s common areas and exteriors. The property was 93 percent occupied at the time of sale and is fully pre-leased for the upcoming academic year. The Oasis offers a mix of one-, two-, three- and four-bedroom units. Shared amenities include three swimming pools with cabana seating, grilling areas, a 24-hour fitness center, clubhouse, gaming area, 24-hour study rooms and a coffee bar. Chris Epp of Walker & Dunlop represented Palladius in the disposition of The Oasis to an undisclosed buyer.
Twisters is blowing away the box office we chat with Glen Powell and Daisy Edgar-Jones
The summer's newest blockbuster "Twisters" is *blowing* away the box office and taking theatres *by storm*. The "Twister" sequel stars Daisy Edgar-Jones and Glen Powell. You probably know by now that Glen is from none other than Austin, Texas, but did you know he actually has a connection to us right here at CBS Austin?
Austin police identify victim of Riverside homicide; no arrests made
Police identified the victim of a Southeast Austin homicide that occurred on July 18, the law enforcement agency said in a press release. A 911 caller said his friend, Jose Ramon Lizarraga Boca Negra, 39, had been shot inside an apartment at 2101 Burton Drive in the Riverside neighborhood at 2:01 a.m. Boca Negra died at the scene by the time police arrived, after suffering one gunshot wound, they said. ...
PUP-Keno Olympics a win for players and dogs
Register now for the PUP-Keno Olympics, a fundraiser for dogs in need at Highland Lakes Canine Rescue. The event is Aug. 8 from 2-4 p.m. at The Trails of Horseshoe Bay Clubhouse, 539 The Trails Parkway. Tickets are $100 a person or $700 for a table of eight. Admission includes...
Three men hospitalized after fight leads to shooting at West Side apartment complex
SAN ANTONIO -Three men are hospitalized after being shot during a fight outside a West Side apartment building. The shooting happened just after midnight Thursday at an apartment complex off South Zarzamora Street near Brady Boulevard. Police said the two men were found shot outside the apartment building. Witnesses told...
Natural Grocers moving into vacant CVS pharmacy building on Valley Mills in Waco
WACO, Texas (NEWS RELEASE) - Natural Grocers is looking to move into the old CVS building in Waco at 601 N Valley Mills Drive. Katie Macarelli, Director of Public Relations for Natural Grocers, said the grocer has applied for a building permit for tenant improvements and expects the store to open sometime in the next six months.
Japanese rock band FLOW coming to San Antonio in August
SAN ANTONIO – The Japanese rock band FLOW is coming to San Antonio during their “FLOW WORLD TOUR- ANIME SHIBARI 2024-2025.”. The band will be playing songs from their many contributions to anime, according to The Espee. Some of their works include “Naruto’s” “GO!!!”, “Code Geass: Lelouch of...
Ryan Prager to return to Texas A&M
COLLEGE STATION, TX (FOX 44) — Texas A&M Baseball will now enter the 2025 season with a verified ace on the roster, as Ryan Prager announced his intention to turn down an offer from the Los Angeles Angels to instead return to A&M. Last week, the Angels selected the...
Grandma-to-be Opens Gift to Discover Son and Daughter-in-law’s Rainbow Baby News After Two-Year Fertility Struggle
A grandma-to-be burst into tears of joy when she opened a gift to discover her son and daughter-in-law’s rainbow baby news hidden inside. The moment marked the end of an emotional few years for Valeria and Christopher Valenzuela, from San Antonio, Texas, as it initially took around two years for them to get pregnant. After […] The post Grandma-to-be Opens Gift to Discover Son and Daughter-in-law’s Rainbow Baby News After Two-Year Fertility Struggle appeared first on Happilynews.com.
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