Sugar Land Development Corporation approves $2 million incentive agreement with Applied Optoelectronics
The Sugar Land Development Corporation voted 7-0 to authorize a 10-year, $2 million redevelopment performance agreement with Applied Optoelectronics that ties payments to job creation, a lease at 1111 Gillingham and capital investment targets.
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The Sugar Land Development Corporation unanimously approved a 10-year redevelopment performance agreement with Applied Optoelectronics Inc. that commits $2,000,000 in Type A incentive funding, to be paid as $200,000 annually if the company meets the contract requirements.
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