Pflugerville City Council on Jan. 11 approved an economic development performance agreement between the Pflugerville Community Development Corporation and Cumberland.
Mandates of the deal will see Cumberland—which manufactures parts for companies in the aerospace, defense, space and energy markets—invest $9.6 million and provide a total of 46 full-time jobs over five years, according to a news release from PCDC.
In return, the release states the PCDC will offer $300,000 in grants—$100,000 in the first year, $75,000 for years two and three, and $25,000 for years four and five. To receive the grant, Cumberland must relocate 19 jobs and create nine new jobs in the first year, create nine new jobs in years two and three, and create 12 new full-time jobs in years four and five.
"This investment by the PCDC helps Cumberland expand into new target markets in the defense and medical industries and provide new employment opportunities for our community,” PCDC Executive Director Amy Madison said in the release.
Cumberland has operated in Pflugerville since 2009, and is relocating from a 27,000-square-foot facility at 1007 S. Heatherwilde Blvd. to a 36,000-square-foot space within One Thirty Business Park at 3813 Helios Way, according to the release.
A specific date has not been given for when Cumberland will move into the new facility.
