200-Person Facebook Office Coming to Austin?

Although nothing is definite, Sheryl Sandberg, Facebook COO, said “Facebook continues to grow and Austin, with its deep talent pool, would allow us to hire the high-caliber employees we need to properly serve the people, advertisers and developers that rely on our service”.  Headquarted out of Palo Alto, CA, Facebook currently employs 1,200 people with outsiders estimating their annual revenue at $500 million.  Besides Austin’s talented work force, Facebook may also be attracted to $1.3 million in incentives from the state of Texas.  Governor Rick Perry’s office has indicated that Facebook would be investing $3.1 million for this expansion into to Texas, an expansion that would create 200 jobs over the next four years.  Sounds like a win-win to us!  We’ll continue to watch how this develops.  Read the Austin Business Journal article.

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