What’s the Microsoft name worth to San Antonio?

The economic gurus who lured Microsoft’s data center here justified giving away over $20 million dollars in tax breaks and incentives on the basis of raising the city’s stature as a place to build data centers. (Because we’ll pay you to come here?) So even though Microsoft is only going to provide 75 jobs, maybe [...]

San Antonio Takes Care of its Own–not

Rackspace is going to move into Windsor Park Mall, no thanks to the city of San Antonio.
MySA.com: Business

Under the deal, Windcrest will pay San Antonio for 30 years on the 221 acres it gave up. San Antonio is guaranteed to receive at least $4.1 million, but it could receive as much as $34.5 million in [...]

Sorry, no one has ever heard of Rackspace

MySA.com: Business
San Antonio’s fastest-growing technology company, Rackspace Managed Hosting, might move its headquarters to the Windsor Park Mall.
Or it might move out of state.
Other states are actively recruiting Rackspace, which has 1,612 employees including 1,250 in San Antonio, said Lanham Napier, Rackspace’s chief executive officer.
So give them Windsor Park Mall already, it’s still cheaper than [...]

Good luck CityNAP

I saw this headline and thought, “well, maybe we’re getting more out of this Microsoft Data Center than I realized.” Then I read the article.
San Antonio data center agrees to buy 100 percent renewable power - San Antonio Business Journal:
CityNAP became the first “green” data center in Texas by signing a new contract with CPS [...]

We’re willing to invest in the community…

MySA.com: Business
“When we come into a community, we invest in the community,” Microsoft’s Andrew Weiss told the court after the vote, saying the company plans to get involved in San Antonio philanthropy.
Yeah, I guess it’s cheaper than actually having to pay taxes.
MySA.com: Business
“This is a game changer for us,” said Mario Hernandez, president of the [...]

We’re not paying for the jobs but the name

I love it when cheerleaders business columnists make statements without bothering to provide any support or explanation for them.
MySA.com: David Hendricks
If the city did not receive this CPS Energy revenue, city property tax rates would be higher. Since 1942, CPS Energy revenue has contributed more than $3.4 billion to city coffers.
I really don’t follow the [...]

At least we’re not North Carolina

The North Carolina economic development people make their San Antonio counterparts look brilliant by comparison.
Web Host Industry Review | theWHIR Blogs : New Google Data Center to Receive $100 Million in Tax Benefits from North Carolina
I read about it on ValleyWag: Google is going to build a $600 million data center in Lenoir, North Carolina. [...]

Perception-wise, we’ll believe what anyone tells us

I didn’t make the 10:00 am city council meeting today.

MySA.com: Business

“(Today) is a very big step in making sure San Antonio is the place to locate Microsoft’s next data center,” said Mike Manos, senior director of Microsoft Data Center Services.
Manos will attend today’s 10 a.m. City Council hearing to discuss a 10-year, 100 percent tax [...]