AUSTIN, TEXAS — Amazon (Nasdaq: AMZN) will expand its Austin Tech Hub and create 800 new jobs by 2020, the company announced today. The tech giant will move into a 145,000-square-foot office space within The Domain, a 304-acre mixed-use development by Austin-based Endeavor Real Estate Group.
Dallas-based TIER REIT is the project partner behind The Domain’s office buildings, which will eventually total 2.1 million square feet of Class A space. Amazon’s space will be housed within Domain 10, a 15-story, 299,673-square-foot building.
The Austin Tech Hub is one of 17 such North American facilities operated by Amazon. More than 20,000 people are employed across the 17 hubs; Austin employees focus mainly on developing Amazon Web Services (AWS), Amazon Business, Amazon devices, video game designing and advertising.
Amazon already employs approximately 6,600 workers in the Austin area. This employee base includes more than 1,000 corporate-level employees, 3,000 employees in the nearby San Marcos warehouses and 2,600 workers through Whole Foods, according to The Austin American-Statesman.
Amazon has created more than 22,000 jobs in Texas since 2011, including more than 1,000 in the past four years, according to Terry Leeper, general manager of Amazon’s Austin Tech Hub. During that same period, the company has also invested more than $7 billion in infrastructure and employee compensation.
“With a strong pool of technical talent in Austin and a dynamic quality of life, we are excited to continue to expand and create more opportunity in this vibrant city,” says Leeper.
Amazon was founded in 1994 by Jeff Bezos and now employs more than 610,000 people worldwide with a market capitalization of $865.9 billion. The company’s stock price closed Wednesday at $1,765.70 per share, up from $1,431.42 per share March 28, 2018.
— Alex Tostado