Cedar Park attracts WEXCO regional headquarters
Project means 25 jobs and $2 million capital investment in Cedar Park
The Cedar Park City Council approved a performance-based economic development incentive agreement between WEXCO at the Thursday, February 13, 2020, City Council Meeting. WEXCO is a construction consulting, management, safety, and engineering corporation headquartered in Marina del Rey, California, with an office staff of three employees in a small office on E. Whitestone Blvd. in Cedar Park. Under the agreement, WEXCO will build a new regional headquarters at 13625 Ronald Reagan Blvd., Building 2. WEXCO plans to employ 25 full-time employees by September 30, 2022.
Cedar Park Mayor Corbin Van Arsdale says, “The City of Cedar Park Economic Development has made growing Cedar Park businesses one of the top priorities in the economic Development Strategic Plan, and WEXCO growing its presence in Cedar Park is a another shining example of the work that is being done in this regard.”
WEXCO’s Engineering Manager Kelly Golda says, “As residents of Cedar Park for the last 13 years, my family has witnessed incredible growth and accomplishments in the city. It is with great pride that WEXCO, with the help of city leaders like the Economic Development Corporation, has chosen to focus our long-term growth and corporate development within this great city.”
The incentives for WEXCO are tied to performance measures and are funded by Economic Development (Type A) funds that come from 3/8 cent of sales tax collected when people dine and shop locally within the corporate boundaries of Cedar Park – just one reason the City encourages everyone to Buy Cedar Park. The project is also projected to generate new property tax revenues for this location.
For more information about locating your business in Cedar Park or growing your existing Cedar Park business, visit our Economic Development website, CedarParkTexasEDC.com.
About the City of Cedar Park
The City of Cedar Park is a vibrant community of close to 81,000, consistently ranked by the U.S. Census Bureau as one of the fastest-growing communities in the Austin metro. Named for a popular park and rail stop in the late 1800s, Cedar Park is now home to two professional sports teams, the Texas Stars AHL hockey team and the Austin Spurs NBA G-League basketball team, as well as a growing number of high tech and major manufacturing employers. Cedar Park has several rankings by a variety of sources as one of the Best Cities for Families and one of the Safest Cities in Texas. For more information about Cedar Park click here.