South Korea-based ENF Technology Chooses Kyle, Texas, for Headquarters Complex
According to the Greater San Marcos Partnership, scheduled for completion in 2020, the approximately 100,000 square-foot complex will serve as the U.S. headquarters for ENF, which currently owns and operates facilities in South Korea and China. The 25-acre site provides room for future expansion.
ENF’s Kyle facility will primarily serve high-tech manufacturersDevelopment such as GlobalFoundries, Micron, Texas Instruments and Intel. The company plans to hire approximately 45 to 50 employees, a workforce that could expand to 80 in the future.
“We selected Kyle for our first U.S. headquarters and manufacturing facility because it offers a business-friendly environment and great workforce,” said WJ Yang, General Manager of ENF. “The Plum Creek community will provide our workers and their families access to affordable housing, high-quality schools and an outstanding quality of life.”
As an incentive, Kyle City Council and Hays County Commissioners approved a performance-based economic development agreement with ENF Technology for a five-year property tax rebate, beginning at 75 percent of real and personal property taxes and declining 10 percent annually until the end of the term.
“ENF’s decision to locate in Kyle highlights our region’s ability to attract technology focused foreign direct investment to the Texas Innovation Corridor” said Adriana Cruz, President of the Greater San Marcos Partnership. “This win would not have been possible without the hard work and dedication of Kyle Economic Development, and the City of Kyle and Hays County staff and elected officials.”
“We work hard to create economic opportunities in Kyle and are proud that ENF has selected our city as the home of its U.S. headquarters,” said Kyle Mayor Travis Mitchell. “ENF’s $45 million capital investment and estimated median pay of $85,000 will have a tremendous economic impact on our city and the region. I’d like to thank our partners the Greater San Marcos Partnership and the Austin Chamber of Commerce for working with our team to secure this important win.”
“Plum Creek has reached a tipping point in terms of commercial development,” said Momark Principal Terry Mitchell who oversees the build-out of Plum Creek. “Businesses are increasingly looking for live, work, play environments and more affordable Central Texas locations as prices and regulations in urban areas increase.”
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