Authorize the negotiation and execution of a Business Expansion Program economic development agreement with Southwest Airlines Co. for a jobs-based award of $2,750 per job hired in the City of Austin over a five-year term, and approve an ordinance providing an exemption of the requirements Ordinance Nos. 20180830-057 and 20240926-013 to support Southwest Airline Co.’s business expansion at the Austin International Airport. Funding: Funding is contingent upon approval of future Economic Development Department’s Economic Incentive Reserve Fund Budgets and contract performance and compliance evaluations.
25-2597 · Consent · Passed