Cedar Park earns CEDA award
For Hyliion project's contributions toward economic vitality
The Texas Economic Development Council (TEDC) presented the City of Cedar Park a Community Economic Development Awards (CEDA) on Thursday, October 10, 2019 at the TEDC’s Annual Conference in San Antonio.
The Community Economic Development Award program recognizes exceptional contributions of TEDC member cities toward the economic vitality of their communities and the state of Texas through creativity, leadership, and partnership in the achievement of business retention, business recruitment and community improvement.
The CEDA committee received twenty-five applications this year. Nominees were judged on five criteria: innovativeness, transferability, community commitment and leverage, measured objectives, and secondary benefits. The City of Cedar Park won the CEDA Award in the population 50,001 to 100,000 category.
The City of Cedar Park won the award particularly for its work to entice Hyliion to relocate its headquarters to Cedar Park. Hyliion is a clean energy, hybrid tractor-trailer technology company that started in Pennsylvania. Hyliion relocated to the Brushy Creek Corporate Center in Cedar Park in 2019, occupying 80,000 square feet of space. At full operation, Hyliion will create 229 jobs with an estimated annual payroll of approximately $20.6 Million in Cedar Park.
Cedar Park Mayor Corbin Van Arsdale said, “Our staff, council, and 4A board did a great job attracting Hyliion’s headquarters from Pennsylvania to Cedar Park. They’re a great business doing cutting-edge technology, and we’re excited to have them. Our staff are well-deserving of this award.”
“Our Community Economic Development Award is one of the ways in which our organization honors the excellent work done by our communities, their leaders, and their economic development professionals,” Karen Dickson, 2019 Chair of the Texas Economic Development Council, said. “Each community nominated achieved excellence in economic development and substantially improved the economic base of their respective regions. The recipient communities in each population category were recognized for extraordinary accomplishments in meeting the criteria set forth in the nomination process.”