The Commerce Building, under consideration for THG’s U.S. Divisional Headquarters, courtesy photo
The Hut Group, based in Manchester, United Kingdom, first considered San Antonio for a new U.S. based sales center but has since decided to put an even bigger office in San Antonio, pending the approval of economic incentives.
“THG has great growth potential in San Antonio, and I am extremely happy with the prospect of having them as our newest corporate citizen,” Mayor Ron Nirenberg said in a news release. “It was obvious that THG was a perfect fit for downtown San Antonio’s booming technology sector when I first talked to them several months ago.”
THG is considering basing its operations in the Commerce Building, a 36,000 square foot historic building that is being renovated in downtown San Antonio.
“San Antonio’s secret is out: our cost competitiveness, growing tech workforce supported by military talent, and downtown development opportunity cannot be matched by other U.S. cities,” said San Antonio Economic Development Foundation President and CEO Jenna Saucedo-Herrera said in a news release. “For tech companies looking to grow in a community and make an impact, San Antonio should be on the list and along with our partners at Geekdom, we were able to make that case for THG.”
On June 19, Bexar County Commissioners Court will vote on an incentive package for THG hat includes a $250,000 grant from the County’s Innovation Fund.
“We welcome this divisional headquarters to San Antonio and know that our community’s growing tech workforce will amply support THG’s plans for growth,” Bexar County Judge Nelson Wolff said in a news release.
On June 21, the San Antonio City Council will vote on an incentive package for THG that includes a performance-based Economic Development Incentive Fund grant of up to $500,000 for the creation of at least 165 high-wage jobs in a downtown San Antonio location. All 165 positions would earn above $70,000 annually, with average earnings of $85,000.
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