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September
26
26
New High Tech Employer Coming to Cedar Park . . . . . .and they are hiring!
Firefly Space Systems currently has locations in Leander, TX and Hawthorne, CA.
According to the Community Impact News (Aerospace technology company earns initial OK...:
Current Firefly staff would relocate from California to Cedar Park, King said, and by 2019, 200 employees, including avionics, structural and propulsion engineers as well as administrative and operations staff, would headquarter in the city and receive a total annual payroll of about $12 million.
Finalization of the lease agreement at an undisclosed 20,000-square-foot Cedar Park office site is contingent upon approval of the incentive agreement by City Council, King said. If approved, Firefly will initially receive $250,000 for facilities relocation and can earn additional employment grants when the company reaches hiring benchmarks, said Larry Holt, Cedar Park assistant economic development director.
"Two hundred jobs is a very significant project for us. These jobs average out—and the company has committed—to $60,000 [annual salary per] job. That's above the [Williamson] County median wage, and that is the number we typically focus on [when considering] are the jobs high-paying," Holt said. "The interesting thing ... is the companies that offer the highest payoff to the community are in the aerospace industry. Aerospace manufacturing has the highest multiplier of any manufacturing."