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A grant from the Texas Enterprise Fund follows an $856,000 tax incentives agreement approved earlier this year by Austin City Council. Merck (NYSE: MRK) plans to invest $28.7 million in Austin and eventually occupy about 90,000 square feet downtown near the new medical school.
Austin Business News - Local Austin News | Austin Business Journal
READ MORE: Pharma giant gets millions in state incentives to build IT hub in Austin