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The board voted 4-0 to approve a recoupment agreement with 240 Tech, LLC and authorize an economic development performance agreement with Aeon Industrial, Inc. Staff also reported more than 1.5 million square feet of industrial space under development in Cedar Park.
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The approved agreements establish economic development arrangements with 240 Tech, LLC and Aeon Industrial, Inc.; the minutes do not provide the financial terms. Staff reported that Cedar Park’s business outlook was overwhelmingly positive, while employers cited workforce training costs, salary competition, and some traffic concerns. Nissin Ion Equipment USA, Inc. was also reported to have located its headquarters in Cedar Park.
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