Austin, February 10, 2026
Austin, Texas, is set to gain a significant boost to its economy with the arrival of 3billion US, Inc., a South Korean life sciences company. The Austin City Council approved a 10-year agreement that promises the creation of 200 jobs, substantial investments, and community engagement initiatives. Under the deal, 3billion will invest $8.1 million and contribute to local culture by supporting local artists. The facility aims to process 50,000 genetic tests annually, reinforcing Austin’s reputation as a leader in the life sciences sector.
Austin Welcomes 3billion US, Inc.: A Milestone for Local Economic Growth
A new life sciences hub in Austin promises jobs, investment, and community engagement.
Austin, Texas – On February 5, 2026, the Austin City Council approved a 10-year Business Expansion Program agreement with 3billion US, Inc., a South Korean life sciences company specializing in rare-disease genomics. This agreement marks 3billion’s first North American location in Austin, Texas. The project is expected to create 200 full-time jobs with an average annual salary exceeding $95,000 and generate an estimated $8.1 million in capital investment. Over the 10-year term, the City projects approximately $2.3 million in fiscal benefits, including property tax, sales tax, and utility revenues.
The establishment of 3billion’s facility aligns with Austin’s ongoing commitment to fostering a robust entrepreneurial ecosystem. The life sciences sector has seen significant growth in recent years, attributed largely to the city’s favorable business climate, bolstered by limited regulations and an innovative workforce. With this new partnership, Austin exemplifies its dedication to attracting companies that not only bring jobs but also contribute to local community initiatives.
Significant Economic Benefits
The agreement with 3billion US, Inc. is designed to create jobs while ensuring that the local community shares in the business’s success. Under the performance-based agreement, the City will provide a jobs-based incentive of $1,000 per eligible job created, capped at $200,000 over the 10 years, contingent upon the company meeting its job creation and compliance requirements. This approach ensures that taxpayer funds are only used if actual job creation occurs, providing a safeguard for community investment.
A Commitment to Community and Culture
3billion has committed to engaging with the local community through participation in job fairs and outreach efforts, recognizing the importance of fostering strong local ties. As part of its construction budget, the company will allocate at least 2% to procure art from local Austin artists, which not only enriches the community’s cultural landscape but also supports local creatives.
Enhancing Austin’s Life Sciences Sector
The facility, located at 13620 Ranch to Market Road 620 in northeast Austin, is expected to process up to 50,000 genetic tests annually. This level of activity will not only bolster the local economy but will also enhance the city’s standing as a hub for innovation in precision medicine. By leveraging AI technology, 3billion aims to provide groundbreaking solutions for diagnosing rare genetic diseases, thus playing a significant role in the healthcare journey for U.S. patients.
A Bright Future for 3billion
Founded in 2016, 3billion is rapidly expanding its operations globally, having doubled its revenue consecutively each quarter last year. The company’s expansion into Austin signifies a strategic move to tap into the local medical professionals and innovative landscape, thereby solidifying Austin’s role as a leader in the life sciences sector. The state-of-the-art genomic laboratory is expected to be operational in the second half of 2026, marking a new chapter in innovative healthcare solutions in the region.
Conclusion
The expansion of 3billion US, Inc. into Austin represents a pivotal moment for the city’s economic development. This collaboration showcases how private investment and community engagement can yield significant benefits, driving job creation and supporting local initiatives. As Austin continues to embrace its entrepreneurial spirit, residents are encouraged to support local businesses and stay informed about further exciting developments within the city’s growing economic landscape.
Frequently Asked Questions (FAQ)
What is 3billion US, Inc.?
3billion US, Inc. is the U.S. affiliate of a global life sciences company headquartered in Seoul, South Korea. The company specializes in next-generation sequencing-based testing to support the diagnosis of suspected rare genetic diseases.
Where is the new 3billion facility located?
The new 3billion facility is located at 13620 Ranch to Market Road 620 in northeast Austin, Texas.
How many jobs is 3billion expected to create?
The project is expected to create 200 full-time jobs with an average annual salary exceeding $95,000.
What incentives is the City of Austin providing to 3billion?
The City of Austin will provide a jobs-based incentive of $1,000 per eligible job created, capped at $200,000 over 10 years, contingent upon the company meeting its job creation and compliance requirements.
What community commitments has 3billion made?
3billion has committed to participating in local job fairs, engaging in community outreach efforts, and designating at least 2% of its construction budget towards procuring art from local Austin artists. Employees will receive competitive benefits, including health and dental insurance, 401(k) options, and childcare flexible spending accounts.
What is the “Save 10%” mission of 3billion?
Guided by its “Save 10%” mission, 3billion empowers the global rare disease community—approximately 10% of the population—to move from accurate diagnosis to effective treatment.
When is the new facility expected to begin operations?
The facility is expected to process up to 50,000 genetic tests annually and is set to begin operations in the second half of 2026.
Key Features of the 3billion Expansion in Austin
| Feature | Details |
|---|---|
| Location | 13620 Ranch to Market Road 620, northeast Austin, Texas |
| Job Creation | 200 full-time jobs with average annual salary exceeding $95,000 |
| Capital Investment | Estimated $8.1 million over 10 years |
| Fiscal Benefits | Approximately $2.3 million in property tax, sales tax, and utility revenues over 10 years |
| Community Contributions | 10% of property tax revenue supporting Childcare Assistance Reserve Fund; at least 2% of construction budget for local art |
| Incentives | $1,000 per eligible job created, capped at $200,000 over 10 years, contingent upon job creation and compliance requirements |
| Employee Benefits | Health and dental insurance, 401(k) options, childcare flexible spending accounts |
| Operational Start | Facility expected to process up to 50,000 genetic tests annually, beginning in the second half of 2026 |
Deeper Dive: News & Info About This Topic
HERE Resources
Austin Approves Economic Agreement for Genetic Testing Lab
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
