Cedar Park City Council approved an economic development deal June 25 with construction materials company Texas Materials centered around a $2 million grant and a rebate of sales tax revenue generated by the company.
The framework
Under the agreement, the company will establish a new regional headquarters at the Town Center Office Park, located northeast of the intersection of Bell Boulevard and Whitestone Boulevard, Chief Economic Development Officer Arthur Jackson said. The company will receive the grant from the city in exchange for establishing and occupying its new headquarters by May 21, 2028.
The company is also expected to employ at least 142 employees with a combined annual payroll of about $12 million at the local facility by the end of 2028, city documents state. The agreement includes an additional series of job-creation milestones, with the company expected to employ at least 169 local workers and pay them a total of almost $15 million, or about $89,000 per employee, by 2037.
