Williamson County Commissioners unanimously approved an incentive agreement with Soulbrain, a South Korean-based semiconductor supplier, at an Oct. 8 meeting.
What’s happening?
The performance-based agreement provides a 10-year consecutive tax abatement for Phase 1 and 2 of Soulbrain’s future U.S. headquarters in Taylor for semi-conductor operations, according to a news release.
Twenty-five percent of the company’s taxable value for real and business personal property will be abated, or decreased. According to the release, specific requirements Soulbrain must meet within the agreement include:
- Making a capital investment of $175 million and $400 million for Phase 1 and 2 of the facility, respectively
- Creating a minimum taxable value of $100 million for both phases
- Employing at least 50 people through a five-year phased hiring schedule
- Establishing internship and employment opportunities for Williamson County high school students













