Update: Plano City Council approves $1.8M economic incentive grant for Samsung

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As Samsung plans to ship more than 1,000 employees to a new Plano office, the Plano City Council on Monday approved a $1.8 million economic incentive agreement for the corporation.

Samsung is expected to consolidate two of its offices—one in Richardson and another in Plano—into one location at the old Texas Instruments campus near the intersection of US 75 and Legacy Drive, which is being redeveloped into a new mixed-use development named Legacy Central.

The incentive agreement to go before the council cites Samsung’s plans to add $10 million in property improvements and $5 million in “business personal property” as two of the primary reasons for offering the incentive.

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