Austin City Council approves Facebook proposal

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AUSTINThe Austin City Council approved a $200,000 economic development incentive proposal March 11 for Facebook Inc. to establish a 200-person, Austin-based sales and operations facility.

This is the third economic development proposal recommended by the Economic Growth and Redevelopment Services Office. This is also the first major U.S. operations expansion for Facebook Inc. outside of Palo Alto, Calif.

The council will host a reception for Facebook at 10 a.m. March 12 on the second floor, Mayor’s Balcony at Austin City Hall, 301 W. Second St.

For more information on the agreement, visit www.ci.austin.tx.us/news/cnews.cfm?nwsid=1919.


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