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Round Rock council approves $1.2 million package to launch business accelerator program
Summary
Council approved $400,000 annually for three years (total $1.2 million) in Type B economic development funds to partner with an accelerator to support early‑stage startups; staff said a partner will be announced and the program will include cohorts, an on‑site office and staff support.
Adriana presented a proposal to amend the city’s economic development agreement to provide additional funding for a business accelerator to support early‑stage startups and entrepreneurs.
She said the request is for $400,000 per year for three years, totaling $1,200,000, with roughly 20% allocated to salaries…
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