City of Round Rock officials will vote on an economic development agreement supporting an expansion of PulseForge during their Oct. 22 meeting.
Located at 400 Parker Drive, Ste. 1130, Austin, the business is within Round Rock city limits. The company manufactures specialized tools for semiconductor chip packaging.
The details: The incentive agreement would require PulseForge to make a total of $20 million in capital investments. PulseForge would also be required to add 60 new positions as part of the agreement.
In exchange for its investment, PulseForge would receive a total of $600,000, paid in two installments in 2030 and 2032.
Quote of note: "This project represents an opportunity to support an expansion of a local company, create high-paying jobs and strengthen Round Rock's position in the growing semiconductor industry," Round Rock Chamber Vice President Danielle Morrissey said.