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Liquid Web Aims to Develop in Downtown San Antonio
Organization:
San Antonio EDF
SAN ANTONIO (September 22, 2016) – Liquid Web, (www.liquidweb.com), a $100 million web-hosting and managed cloud-services provider devoted to delighting customers, recently acquired the Cloud Sites business unit from Rackspace and is looking to establish a presence in downtown San Antonio. Both the San Antonio City Council and Bexar County Commissioners Court will consider granting Liquid Web incentives to assist in the company’s expansion within San Antonio’s developing downtown tech district.
“We are pleased that Liquid Web selected San Antonio as the best place to grow the business unit it recently acquired from homegrown company Rackspace,” said Mayor Ivy R. Taylor. “The company’s decision is a testament to San Antonio’s strengthening downtown tech district and to our developing, robust tech ecosystem.”
On September 29, City Council is scheduled to consider an up to $225,000 Economic Development Incentive Fund (EDIF) grant if Liquid Web hits its committed job milestones, which entails relocating and creating up to 100 jobs over the next four years at their new downtown location.
“We welcome and encourage Liquid Web to grow in San Antonio,” said Bexar County Judge Nelson Wolff. “The average annual salary is estimated to be over $65,000 a year. This is a great addition to the high-wage job opportunities available in our community.”
In addition, Bexar County Commissioners Court will consider granting Liquid Web $150,000 from the Bexar County Innovation Fund on October 4. The proposed County agreement would require Liquid Web to create a minimum of 43 new jobs, retain 55, and remain in Bexar County for at least three years.
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