Williamson County commissioners approved a tax abatement agreement April 14 with Taiwan-based electronics company Compal USA Technology for its server service center in Georgetown.
What it means
The agreement between Compal and the county includes a 30% reduction in property taxes for 10 years in return for Compal’s $35 million capital investment in its facility and the creation of at least 100 full-time jobs.
The company will manufacture technological products, with a particular focus on artificial intelligence servers, at the Georgetown facility, People Operations Director Rick Ortiz said at the meeting.
Compal is still working to complete construction on the server service center and is aiming to begin manufacturing operations in June, Ortiz said.
What they’re saying
“We have a lot of big ambitions and plans, [and] a lot of customer demand,” Ortiz said. “Now that we're setting up shop here in town, we're going to be closer to our customers, obviously providing a lot of opportunities for the community, especially the youth.”
In case you missed it
Georgetown City Council also approved economic incentive agreements with Compal in December. The agreements include payments and tax abatements in return for performance-based milestones.
- 1800 Aviation Drive, Bldg. 1, Ste. 200, Georgetown
