To produce flexible circuits used in electric vehicles and battery storage units CelLink Corporation will open a manufacturing facility in Georgetown, Texas. The $130 million project is expected to create 800-2,000 jobs over the next 10 years.
The facility, expected to be completed in June 2022, will be located at the Gateway35 Commerce Center.
CelLink manufactures the world's largest and most electrically and thermally conductive flexible circuits, essential for the automotive and energy storage industries. The company is a key supplier to major electric vehicle manufacturers providing intelligent wiring systems needed for automotive wiring and battery packs with a key focus on efficiency and safety.
"This new manufacturing facility is ideally located in Central Texas to serve our customers, many of whom are electric vehicle manufacturers," CelLink CEO Kevin Coakley said. "The experience and knowledge of manufacturing that Titan's development team has brought to this project has been outstanding, they really understand how to customize for manufacturing. The City of Georgetown has also been a terrific partner who embraces advanced manufacturing and the idea of helping to build the supply chain for electric vehicle manufacturing in its town. Georgetown provides access to a skilled and educated workforce in the region fostered by advanced Texas State Technical College and Austin Community College curriculums in high-tech manufacturing. It has all the amenities of a vibrant city, making Georgetown a perfect fit for our expansion."
CelLink will receive a total combined incentive package worth $8.02 million from local jurisdictions, including a Williamson County property tax abatement for 10 years of 75 percent for business personal property and 50 percent for real property, valued at $2.11 million. In addition, a City of Georgetown property tax abatement of the same terms, valued at $2.18 million.
Other incentives include an infrastructure reimbursement grant of $2.5 million, paid from the Georgetown Economic Development Corporation Type A sales tax fund and a five-year job creation grant with a total value of $525,000, also paid from GEDCO, in addition to the retirement of Renewable Energy Credits to offset the company's electric usage for five years to certify the facility as using 100 percent renewable energy, valued at up to $1 million.