Business Facilities - December 2007 - (Page 24)

FEATURE STORY State of the Year Award nio, TX, is moving its company headquarters from its old site in northwest San Antonio to a new location in the Windcrest/San Anto- nio area. On top of the 5,000 jobs that this move is expected to create over the next five years, the company is planning on investing more than Suite 710 • 75 Fifth Street NW • Atlanta, GA 30308 800.339.7185 • 404.521.7600 www.ga-sites.com #1601 at www.BusinessFacilities.com 24 DECEMBER 2007 $100 million in the project. Rackspace’s decision to stay in the San Antonio area was facilitated by a $22 million Texas Enterprise Fund (TEF) grant from the state. “The Governor’s Texas Enterprise Fund grant was the key factor in Rackspace’s decision to keep its company headquarters in San Antonio and build out a new campus within Windsor Park Mall,” says Graham Weston, executive chairman of Rackspace Managed Hosting. “We’re grateful for the state of Texas’ investment in Rackspace, as well as the assistance of our local governments, and we are committed to delivering thousands of highpaying jobs to Texas. We look forward to San Antonio being our home for years to come.” For the five projects with the highest promised investment totals, Texas submitted Motiva Enterprises, with an astounding $7 billion; NRG Energy, Inc., with $5.4 billion; Eastman Chemical, with $1.6 billion; Microsoft, with $985 million; and CitiCorp, with $450 million. The biggest of these projects, Motiva Enterprises LLC, is a joint venture between Houston energy giant Shell and Saudi Arabia’s national oil company, Saudi Aramco; the project is an expansion of Motiva’s existing refinery in Port Arthur, TX. This will increase the refinery’s current crude oil throughput capacity to 600,000 barrels per day (bpd) from 285,000 bpd, making Motiva’s Port Arthur facility the largest refinery in the United States, according to the company. Motiva broke ground in December for the Port Arthur expansion, and intends to have the project completed by 2010. (Continue to project table on page 55) http://www.ga-sites.com http://www.ga-sites.com http://www.ga-sites.com http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - December 2007

Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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