CelLink Corporation Plans Georgetown, Texas, Manufacturing Complex
02/28/2022
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.
Project Announcements
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
03/28/2023
Canada-Based Epsilon Industries Plans Tuscaloosa, Alabama, Prefabricated Modular Utility Systems Plant
03/28/2023
Korea-Based LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
France-Based CMG CleanTech Plans Osceola County, Florida, Renewable Energy Technology Manufacturing Park
03/28/2023
France-Based TIME Bicycles Plans Spartanburg County, South Carolina, Carbon Fiber Bicycle Factory
03/27/2023
Hanwha Advanced Materials Plans Cartersville, Georgia, Manufacturing Plant
03/27/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023
-
Companies Are Recalibrating Their Priorities
Q1 2023