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The New Braunfels Economic Development Corporation unanimously approved up to $300,000 for a Continental Autonomous Mobility US, LLC (Aumovio) expansion project and approved support for a proposed tax abatement. The board also unanimously approved changes to the company’s employment compliance requirements, an agreement with Worth & Associates involving electrical infrastructure equipment, and the corporation’s FY26 contract with the City of New Braunfels.
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The approved Continental incentives could provide up to $300,000 in project support, subject to performance conditions, while the tax-abatement resolution advances the separate city tax-abatement process. The board changed how Continental’s employment obligations will be measured. Members discussed possible support for early childhood education and infrastructure for the Neue downtown condominium project, but the minutes do not record final action on those proposals. July sales-tax data was down 4.2% from the same month last year, with entertainment and recreation among the categories affected by weather and high-water events.
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