Applied Materials starts Chapter 313 incentives process as it eyes $2B R&D facility in Hutto

HUTTO, Texas (Austin Business Journal) – A global supplier to the semiconductor sector is formally eyeing expansion into an Austin suburb, and the capital investment could top $2 billion capital while bringing more than 800 jobs to Hutto.The Hutto Independent School District Board of Trustees on Thursday unanimously voted to accept an application for a Chapter 313 state-funded property tax incentives agreement with Applied Materials Inc. that would aid the construction of a research and de