California tech company to move most of its business, 135 jobs to Austin

◼ Superconductor Technologies Inc. of Santa Barbara, Calif., said it has leased a 94,000-square-foot building in Northeast Austin to house its headquarters along with its engineering and manufacturing operations. - Kirk Ladendorf/AMERICAN-STATESMAN

"This is a good win for Austin," said Dave Porter, senior vice president of economic development for the Greater Austin Chamber of Commerce, which collaborated with the Austin office of real estate firm CBRE in recruiting the company to Austin. "It continues the momentum we have seen out of California, with companies looking for a less-costly business environment."

The company's proposed average wage will be $75,000, Porter said, and most of its jobs are expected to be filled with local employees.