Economic development officials in Austin are smiling tonight after PayPal's announcement that it will locate a technology development center in the Texas capital city. PayPal Data Services will hire up to 300 developers for the 37,000 square foot Austin facility, to help build the huge payment service's global payment platform. Some early reports stated that the project was a data center, but Paypal's Amanda Pires clarified that the Austin site will be an office for developers, with no plans to include any data center space. Though it won't increase the region's data center footprint, the center is a huge employment booster.
"Austin is well-known for its strong pool of well-educated, talented professionals with the right level of expertise in technology and ecommerce," said PayPal vice president of core technologies, Matthew Mengerink. "The area's reputation as a great place to live and work makes it an ideal location for our center."