Cedar Park City Council unanimously approved a performance-based incentive agreement with the company Oct. 24.
The Cedar Park Economic Development (Type A) Corporation is offering MSB Consulting $1,250 per job, which will total to $336,250 since the move is projected to bring 269 employees to Cedar Park by 2024, according to city documents.
The company is expected to have an annual payroll of $16.6 million by 2024. The company will be leasing 45,000 square feet of space in the Cedar Park Technology Center at Scottsdale Crossing by December 2020 and is anticipated to invest $2.4 million in rehabilitating the facility.
MSB Consulting works with school districts across the country, including Leander ISD, according to Kyle Watson, a managing partner for MSB Consulting. The company aids districts in documenting services provided to students in special education and helps districts access Medicaid funding for costs incurred to offer services to these students.
“Our passion is to love and serve people,” Watson said at the Oct. 24 City Council meeting. “Right now we do that specifically in school districts, partnering with them and their special ed programs in order to ensure that we can bring back really crucial funding so that they continue to offer those really high cost services to these children who really really need it.”
Watson said the company is moving to Cedar Park in order to expand the company and “get more for our dollars.”
Cedar Park Economic Development Director Ben White said during the meeting the city is excited to bring another headquarters to Cedar Park.
“This is a great win for our community,” White said. “It is a community asset to have a company like MSB in our community.”