Best Buy has selected San Marcos as the location for its e-commerce sales operation with plans to hire 25 employees.
The Greater San Marcos Partnership announced the deal Tuesday.
“We’re pleased to have reached an agreement to bring this e-commerce sales operation to the City of San Marcos and Hays County,” Best Buy spokesman Shane Kitzman said in a news release. “Not only will it provide local jobs, but this partnership will also benefit the City, County and Best Buy.”
The Best Buy center plans to occupy a vacant 20,000 square foot building at 900 Bugg Lane. It is expected to begin operations in October.
“Having a brand-name, Fortune 500 company, select the City of San Marcos and Hays County for its sole e-commerce sales operation in Texas speaks loudly to the assets of the community,” Adriana Cruz, President of the Greater San Marcos Partnership, said in a news release. “The Best Buy e-commerce sales operation will have a tremendous economic impact on San Marcos and Hays County, not only through primary jobs but also as a significant sales tax generator.”
The City of San Marcos and Hays County voted in favor of providing Best Buy with a ten year sales tax rebate at 75 percent with two ten-year automatic renewals upon the meeting of the terms of the agreement and a ten-year personal property tax rebate at 50 percent. “The economic impact of the deal is an expected $43 million and $14.4 million to the City of San Marcos and Hays County, respectively, at the expiration of the 30-year agreement,” according to the news release.