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
UTAC Establishes Redford, Michigan, Operations
05/23/2022
Germany-Based Bleistahl North American Expands Battle Creek, Michigan, Operations
05/23/2022
CoinFlip Plans Tampa, Florida, Operations-Innovation Campus
05/20/2022
Catalent Expands Clark County, Kentucky, Operations
05/20/2022
Flogistix Establishes El Reno, Oklahoma, Operations
05/19/2022
Do Good Foods Establishes Fort Wayne, Indiana, Operations Complex
05/19/2022
Most Read
-
The Evolution of the Megasite
Q2 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Rail Gains Advantage Amidst Supply Chain Snarls
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
Innovative and Collaborative Design Sets the Stage for Life Science Innovation
Q2 2022
-
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2021
-
Trends in Data Center Site Selection
Q2 2022