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Houston grants $1.25M in tax breaks to Transocean, Chase projects that will create just 20 new jobs By Jasper Scherer, Staff writer © Simon Dawson / Bloomberg City Council on Wednesday OK’d sales and tax refund agreements with Transocean Offshore Deepwater Drilling Inc. and JPMorgan Chase Bank. The refunds, each worth $1.25 million over five years, are under the Texas Enterprize Zone program, which targets “economically distressed” areas. neither company is in an enterprise zone, but each must fill four of the 10 jobs it will create with economically disadvantaged appl...

Skip to main content Houston grants $1.25M in tax breaks to Transocean, Chase projects that will create just 20 new jobs FacebookTwitterEmail City Council on Wednesday OK’d sales and tax refund agreements with Transocean Offshore Deepwater Drilling Inc. and JPMorgan Chase Bank. The refunds, each worth $1.25 million over five years, are under the Texas Enterprize Zone program, which targets “economically distressed” areas. neither company is in an enterprise zone, but each must fill four of the 10 jobs it will create with economically disadvantaged applicants.Simon Dawson / Bloomberg Cit...