Economic development agreements have brought in millions of dollars for the city of Round Rock and doubled expected workforce projections, according to a presentation to Round Rock City Council on Jan. 23.
By the numbers
Since an initial agreement made with Dell Technologies in 1993, the city of Round Rock has seen a $550 million net tax benefit. While excluding the industry giant Dell, the city has still received $147 million in total property and sales taxes, provided $40 million in incentives, and retained a net benefit of $107 million, according to city documents.
Susan Morgan, Round Rock’s chief financial officer, noted to council the considerable benefit that these agreements pose for the local economy. Property taxes in Round Rock are relatively low compared to the rest of Central Texas, in part due to the city’s economic strategy, according a city statement.
