Austin set a higher bar Thursday night for any company seeking an economic incentive deal to move here, requiring that any such deal comes with a guarantee that all employees and construction workers earn at least $11 an hour.
Though council members were still debating minutiae at deadline, a City Council majority had agreed late Thursday to add a “living wage” requirement to any economic development deal that involves waiving city taxes. The requirement is part of a larger, more nuanced incentive policy approved by the council that business groups warned could ask too much of interested companies and ultimately push their jobs elsewhere.
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