Auto supplier to bring 30 jobs, $3.6 million to San Marcos

Corvac Composites LLC has announced it will locate its newest manufacturing facility in San Marcos, Texas.

The Byron Center, Mich.-based company will lease the 100,000-square-foot former American Tire building at 2350 Clovis Barker Road. The new facility will bring more than 30 jobs at an average wage of $30,000 per year and an expected investment of $3.6 million.

Corvac manufactures wheel arch liners, under engine covers, belly pans and underbody aero covers. Its products are used by companies…



Austin homebuilders association names award winners, officers

The Home Builders Association of Greater Austin announced its 2013 Presidential Awards that will be handed out formally on Dec. 10.

• Wes Wigginton was named the Custom Builder Member of the Year. He’s the managing director of Foursquare Builders LLC.

• Tom Lynch was named the Volume Builder Member of the Year. He’s the division president of Pacesetter Homes.

• Walter Elias was named the Developer Member of the Year. He’s the development manager for Brookfield Residential.

• Carol…


Austin visitors bureau to sponsor British music awards

As part of a larger branding effort with Time Inc., the Austin Convention and Visitors Bureau has signed on as the title sponsor of the 2014 NME Awards, which will take place February 26 at London’s 02 Arena.

The award show, presented by the music magazine and website NME, typically features international recording artists and also has a series of spinoff concerts.

The deal, through British firm ICP Media, places Austin’s “Live Music Capital of the World” on the award show logo. Bob Lander,…


Hill’s Cafe damage significant, but restaurant could reopen today

An electrical malfunction was the cause of a fire at the historic Hill’s Cafe in South Austin, according to co-owner Ellis Winstanley.

“The banquet room was damaged but the kitchen and dining rooms are OK, thankfully,” Winstanley said in an email to the Austin Business Journal.

He even hopes to get the restaurant at 4700 S. Congress Ave. open later today.

Winstanley and his brother Austin Winstanley saved the iconic music-themed restaurant earlier this year when long-time owner and radio…


Special Olympics Texas breaks ground on Austin HQ

Construction has begun on the $6 million Special Olympics Texas state headquarters at 1804 Rutherford Lane in Northeast Austin. The 20,000-square-foot building will be finished by early 2015, creating a permanent home for staff and volunteers.

The state organization, which dates back to 1969, currently provides 44,500 children and adults with intellectual disabilities the opportunity to participate in one of 23 sports.

“Our new headquarters will be a game changer for us,” said Rudy Lopez, chairman…


Blue Sage Capital recognized for business investments

The U.S. Small Business Administration has named Blue Sage Capital the 2013 Small Business Investment Company of the Year.

Last year, the Austin-based investment firm completed two successful exits for its portfolio companies, heavy-equipment maker Ashbrook Simon-Hartley Ltd. and R360 Environmental Solutions. Blue Sage also closed its second fund at $150 million, 50 percent above its target amount, officials announced Monday.

Blue Sage Capital, which was founded in 2003, invested more than $115…


Xtreme Power receives financing

Energy storage and system developer Xtreme Power Inc. reported receiving $1 million of a planned $3.5 million financing.

The Kyle-based company collected the capital from 14 investors, according to a Monday filing with the U.S. Securities and Exchange Commission.

Xtreme Power, founded in 2004, develops batteries, electronics and control systems comprising hardware and software. It employs about 100 workers.

Last week, the company disclosed the start of a new project with the Kauai Island Utility…


St. David’s, Blue Cross at impasse

Austin’s second-largest hospital system and one of the biggest insurers in the area have a little more than a month to come to terms before their contract expires, according to a report in the Austin American-Statesman.

The dispute between Hospital Corporation of America, parent company for St. David’s HealthCare, and Blue Cross and Blue Shield of Texas could mean thousands of insured patients will lose in-network health care benefits at St. David’s locations, according to the article. St. David’s…


Austin food trailers safe despite higher failure rate

In the past two years, Austin-Travis County Health and Human Services inspectors have issued 194 failing reports for mobile food vendors, an amount roughly equaling 13 percent of the total number of inspections conducted in that time, according to a report in the Austin American-Statesman examining health and safety regulations.

Traditional restaurants, on the other hand, have failed only about 2 percent of inspections, but they face a different inspection process than that of mobile food vendors.…


West Lake Hills considers house size limit

The West Lake Hills City Council is considering instituting a limit on the size of homes built in the city, according to a report in the Austin American-Statesman.

The reasons vary from fire and safety concerns to a desire to maintain small-town charm.

In September, the city just southwest of Austin instituted a temporary moratorium on building permits for projects increasing the existing footprint of a structure or construction of a swimming pool, according to city documents.

That moratorium…