The details
The service center will primarily support enterprise and cloud infrastructure needs, according to city documents. It is projected to cost $35 million to build out, and create at least 100 full-time jobs.
What happened
Georgetown City Council approved an economic development agreement and a tax abatement agreement with Compal at its Dec. 9 meeting in return for performance-based milestones.
Provided through the Georgetown Economic Development Corporation, the economic development agreement includes:
- A maximum of $1 million in infrastructure-related funding
- A maximum of $250,000 in funding based on sales taxes generated from the project's construction
The tax abatement agreement will exempt 50% of business personal property taxes and 25% of real property taxes for ten years, estimated at $569,910.
- 1800 Aviation Drive, Bldg. 1, Ste. 200, Georgetown
- www.compal.com/esg/en

