Elgin EDC reports $28 million in new investment, details incoming businesses and jobs
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Summary
EDC director Kaylee Frye told the Elgin City Council that the Elgin EDC recorded $1.5 million in sales tax revenue for 2025 and $28 million in new investment in the EDC business park, and outlined multiple construction projects, business incentives and upcoming openings.
Kaylee Frye, introduced to the council as the Elgin Economic Development Corporation director, presented an annual update highlighting recent private investment and projects in Elgin.
"We did 1,500,000 in sales tax revenue last year," Frye said, adding that the EDC recorded "$28,000,000 in new investment in our Elgin EDC business park." She told the council there are currently four businesses under construction in the park and identified several named projects.
Frye described construction progress on Yerco, a semiconductor company building a 50,000-square-foot facility expected to create about 30 new jobs, and SYKES Industries, which is planning a 68,000-square-foot facility on about five acres. She also said a 300-unit multifamily development is under way near Ascension and that an urgent-care center is scheduled to open May 1, accepting Medicaid and Medicare.
The EDC director briefed council on incentive and marketing activity: the EDC approved $165,000 in business enhancement grants last year, expanded a downtown grant to be citywide on a 50/50 match basis, and supported recruitment and retention efforts that included outreach meetings, property tours and regional partnerships. Frye said the EDC uses data tools such as Placer AI and an impact dashboard to inform recruitment and measure event and website traffic.
Frye also noted awards and recognition for the EDC and described a speculative industrial building planned in the Elgin business park as the first of its kind in Bastrop County. She briefed the council on Elgin Commons retail pad sales and said an emergency/urgent care and a proposed micro-hospital site are being discussed as part of that larger retail project.
The presentation included Q&A with council members on project sequencing, naming conventions for developments and construction delays on other multifamily projects. Frye said some job numbers reported are contractual minimums and that final hiring could exceed those figures.
The EDC report will remain on the council’s radar; Frye said more details and specific project updates will return to a future meeting.
