Round Rock officials approved an economic development agreement with Komico Technology Inc. during a Nov. 17 meeting.
Under the agreement, the semiconductor parts cleaning and coating company will expand its existing Round Rock facility at 201 Michael Angelo Way by about 40,000 square feet, making a total of $20 million in real property improvements and a $10 million investment in business personal property by Dec. 31, 2024, according to city documents. The business will also add a total of 70 jobs on or before Dec. 31, 2025. In exchange for this investment, the Round Rock Transportation and Economic Development Corp. will make a total of $750,000 in incentive payments to Komico over the course of three years from 2024-26. The agreement features clawbacks in the event that Komico cannot fulfill the agreement after the city has made any incentive payments.