Cortec expects to invest about $20 million in the building and finish construction in fall 2017, at which point it will move its 120 Central Texas employees to the facility and expand its workforce, said Richard Corrales, general manager of Cortec Precision in Texas.
Corrales said he started talking to the Pflugerville Community Development Corp. officials about purchasing property in the commerce center two years ago. The PCDC sold the land at a reduced cost and offered up to $228,000 in incentives. PCDC officials said in a statement the PCDC secured more than $500,000 in net profit from selling the land.
"I wanted to come to Pflugerville," Corrales said. "I live in Pflugerville, and I want to support Pflugerville."
Cortec Precision makes sheet metal for a variety of industrial uses. The company is based in San Jose, California. Its Central Texas facility is currently located at 1602 N. A.W. Grimes Blvd., Round Rock.