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Cedar Park approves $650,000 incentive for Innovus to open manufacturing site
Summary
At a special Cedar Park City Council meeting, council members approved a resolution authorizing a $650,000 performance-based economic development agreement with medical device maker Innovus. The company plans to lease about 100,000 square feet, hire 162 full‑time employees and invest roughly $25.5 million in the city; the vote was 7-0.
Cedar Park — The Cedar Park City Council approved a resolution authorizing a performance-based economic development agreement with Innovus, a global medical technology company, committing $650,000 in incentives as part of Project Extra Care. The resolution, called as agenda item A4, passed by a 7-0 vote after a motion by Councilmember Kirkland and a second by Councilmember Duffy.
City economic development staff said the agreement ties the incentive to specific commitments from Innovus: the company intends to lease roughly 100,000 square feet in Building 3 of the New Hope development, hire 162 full‑time employees and complete about a $25.5 million investment in Cedar Park.
Arthur Jackson, Cedar Park’s…
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