“Buda is the ideal location for our next stage of growth,” Jason Cornelius, co-founder and CEO of Perseus Defense, said in a news release. “The region’s strong workforce, proximity to major defense partners, and flourishing community of defense startups provide the right environment for us to scale our technology and mission."
Zooming in
The Buda EDC and Buda City Council approved a performance-based incentive agreement, which features:
- Up-front support for permit fees and incentives to assist with headquarters build-out up to $200,000
- Incentive offering up to $1,800 per new job paying more than $120,000 annually (minimum of 20 qualifying jobs per year one, a minimum of 40 per year two and a minimum of 70 by year three)
“Perseus Defense represents exactly the type of innovation-focused, high-wage employer we aim to recruit to Buda,” Jennifer Storm, CEO of the Buda EDC, said in the release. “This project brings hundreds of high-tech, in-demand jobs to our community and directly supports our strategic plan, strengthening Buda’s position as an emerging hub for aerospace, defense technology and national security innovation.”
Per the performance-based agreement, Perseus Defense—which is working closely with the U.S. Department of War, the Department of Homeland Security and a variety of Army research groups—is required to maintain its Buda headquarters for a minimum of five years, according to Buda EDC officials.
