Austin Area Job News Q3 – 2009

Friday, August 21, 2009, 11:21am CDT  |  Modified: Friday, August 21, 2009, 11:34am

Smooth-Stone lands TETF grant

Austin Business Journal

An Austin company has received a commercialization award through the Texas Emerging Technology Fund.

Smooth-Stone Inc., which is a member of the Austin Technology Incubator and develops low power server technology, will receive an initial $250,000 pre-seed investment from the state with potential for $1 million in total investment for the commercialization of its technology.

Monday, August 17, 2009, 11:48am CDT  |  Modified: Monday, August 17, 2009, 11:50am

Austin region lands $442,854 from Commerce for ‘smart grid’

Austin Business Journal

The U.S. Commerce Department’s Economic Development Administration is providing a $442,854 grant to the Capital Area Council of Governments in Austin to help develop the region’s first large-scale smart energy grid.

Monday, August 17, 2009, 9:58am CDT  |  Modified: Monday, August 17, 2009, 10:00am

ArthroCare to get $75M infusion from One Equity Partners

Austin Business Journal

ArthroCare Corp. has inked an agreement with private equity firm One Equity Partners that will give the Austin-based surgical device company a $75 million infusion.

Monday, August 17, 2009, 1:43pm CDT

Southwest Key Programs lands $2.1M federal grant

Austin Business Journal

Austin-based Southwest Key Programs Inc. has received a $2.1 million U.S. Economic Development Administration grant.

Tuesday, August 18, 2009, 12:43pm EDT  |  Modified: Tuesday, August 18, 2009, 5:02pm

Tampa loses medical firm with Koalaty move to Texas

Tampa Bay Business Journal

Advantage Capital Partners provided $3.15 million to Current Solutions LLC, enabling Current Solutions to acquire Koalaty Products Inc.

San Francisco software referral company moves to Austin

Thursday 12:29 PM|By Brian Gaar|Statesman Business Blog

A San Francisco software referral company has set up shop in downtown Austin, drawn by the city’s low cost of living and reputation as a technology hub.

Software Advice was founded in 2005 and “acts as a matchmaker between software buyers and software vendors,” according to its Web site.

Samsung lays off hundreds for project

8/14/09 11:18 AM|Jackie Vega|KXAN TV

Samsung Semiconductor will spend $500 million to retool the fabrication unit in Austin, and this includes a layoff of 500 employees. Some 200 will be offered their jobs back after construction is complete.

Accounting firm Weaver and Tidwell opens Austin office

Weaver and Tidwell LLP has opened an office in Austin.

Red Mango builds Austin, Texas, presence – Fast Casual

Red Mango builds Austin, Texas, presence
Fast Casual
Red Mango has plans to develop six new units in the Austin, Texas, market as part of a franchise development agreement the company has signed with Ramiro

Tusavvy Joins the Austin Technology Incubator
PR Web (press release)
It now has an office in Austin, Texas. The company is a new start-up firm originated by Korean entrepreneurs and specializing in new aspects of

Q2 mass layoffs kill 15,000 Texas jobs

Texas fared better than other high-population states during the second quarter when it recorded 82 mass layoff events.

Report: Investors eye Guaranty

Blackstone Group, Flexpoint Ford and U.S. Bancorp are considering bids for assets of Guaranty Financial Group Inc., the Austin-based lender that said last month that it will probably fail, people familiar with the situation said.

Massage School Closes All Campuses

Monday 9:42 PM|MyFox Austin (AUSTIN,TX)- A state-wide massage school open for more than two decades threw in the towel on Monday.

Hundreds of students at The Institute of Beauty and Massage in south Austin went to class Monday morning and were told the school was closing for good. The owner said the closing of the beauty school is a result of the the ugly economy.

No changes expected at Razorfish after acquisition

Monday 12:35 PM|By Brian Gaar|Statesman Business Blog

In the wake of digital advertising firm Razorfish’s acquisition by French advertising company Publicis Groupe SA, a Razorfish spokesman said that the company doesn’t expect to see any changes to the company, which has an Austin office.

In good sign, job losses slow as unemployment dips

Employers scaled back layoffs in July, and the unemployment rate shrank for the first time in 15 months, sending a signal that the worst recession since World War II may be nearing its end.

Zale Corp. closes 118 retail stores

8/7/2009 2:23 PM|KXAN TV

The Zales store at Highland Mall was among 118 struggling stores closed at the end of July.

Coffee Bean & Tea Leaf Opens 2nd Location

Saturday Aug 8 at 5:30am

8/7/2009 11:34 AM|Lyssa|Austin Post Latest News

Finally my dreams have come true: a new Coffee Bean & Tea Leaf is opening at 38th & Lamar. I have struggled mightily to find the perfect coffeeshop in my Brykerwoods neighborhood. I’ve frequented at many, but none has become a regular haunt. I spend more time at the Coffee Bean & Tea Leaf on S Lamar, which is not close to my house, than I do any of the joints close to me.

GlobalFoundries to shift many Austin workers to New York, California

8/5/09. 8:06 PM|Statesman – Latest Business Stories.   Headlines.
GlobalFoundries Inc. told its Austin workers Wednesday that many of their jobs will be shifted to its new factory in NY or to its headquarters in Sunnyvale, CA, in the next year.

Work starts on $8 million electronics plant in Georgetown

Austin American Statesman Thursday, August 06, 2009
AirBorn manufacturing facility. Ground was broken Wednesday on the $8 million project, which is scheduled to open next spring. AirBorn, which makes electronic components for the aerospace, avionics, defense, energy, medical and automotive industries, employs about 350 people at its current location in Georgetown.

California’s Union Bank plans Texas entrance

Monday 9:10 AM|Latest news from Austin Business Journal

West Coast banking giant Union Bank NA plans to expand into the Lone Star State.

Game developer Trion quiet on plans for larger office space in Austin

Video game developer Trion World Network has leased more than 24,000 square feet of office space in Northwest Austin, but company officials aren’t saying what it will be used for.

Software Advice Moves From San Francisco to Austin

7/31/2009 3:49 PM|Lyssa|Austin Post Latest News
Software Advice, a free online resource for software buyers, has moved its headquarters from San Francisco, CA, to Austin, TX.

Ad firm Kolar cuts 19 jobs

Reacting to shrinking advertising budgets and the struggling economy, Kolar Advertising & Marketing underwent the first round of layoffs in the company’s history.

New bio-medical company calls San Marcos home

7/30/2009 9:22 PM|News 8 Austin Top Stories
A new biomedical company is calling San Marcos home and bringing high-paying jobs to the community.

Austin startup gets $500,000 from Emerging Tech Fund; GlobalFoundries lands first non-AMD customer

Entrepreneur: Austin 10th best start-up city –

7/29/2009 9:45 AM|austin texas
“Part of that Texas ethos has percolated into the entrepreneur scene: People in Austin just treat each other well.” The magazine also highlighted Sweet Leaf

Silicon Labs sees surge in Q2 revenue

7/29/2009 9:38 AM|By Kirk Ladendorf|Statesman Business Blog
Silicon Laboratories Inc. rode strong growth in sales of chips for audio and broadband access devices to total revenue of $104.2 million for the 2nd quarter, + 25% from 1st quarter.

Austin construction employment down 7% from ‘08

Construction employment in the Austin-Round Rock metro area declined by just over 7 % in June, compared with the same month last year, according to data from the Associated General Contractors of America.

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