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Cedar Park approves $300,000 performance grant for Element USA accelerator to establish R&D lab
Summary
Council approved a $300,000 performance-based economic development agreement to support Element USA Accelerator's 25,000-square-foot R&D lab in Cedar Park, with commitments to hire 48 full-time employees and complete a $7.2 million buildout.
Cedar Park — The City Council on Jan. 9 approved a $300,000 performance-based grant to Element USA Accelerator to support a research-and-development accelerator that will focus on mineral extraction and recycling of rare earth elements.
Arthur Jackson, the city’s chief economic development officer, described the project — identified as Project Mineral Transfer and operating under the Element USA name — as an R&D accelerator to research mineral extraction from tailings, waste…
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