SAN JOSE (CBS SF) — Officials at Samsung Semiconductor Inc. announced the company will expand its San Jose office at a public meeting Thursday with California Gov. Jerry Brown, San Jose Mayor Chuck Reed, and the Santa Clara County Board of Supervisors.
The meeting also involved the signing of a memorandum of understanding between the company, county and city.
In the memorandum the city, state, and county agree to provide a number of incentives to facilitate the expansion of the company’s research and development facility in San Jose.
Among the incentives, the memorandum lists a state research and development tax credit, a promise to expedite the city permit and a reduction in city fees for traffic impact and construction tax.
“Samsung’s expansion in California is great news and it further strengthens the state’s role as a leader in innovation,” Gov. Brown said. “Here’s a case where government and business work together—and everyone benefits.”
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