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Council approves performance‑based agreement with Firefly Aerospace; Jefts recuses
Summary
Cedar Park approved a performance‑based economic development agreement with Firefly Aerospace on Oct. 23; the company will lease a headquarters in Cedar Park, is expected to hire 300 full‑time employees and make a $3.1 million capital investment. Councilmember Heather Jefts recused from discussion and vote.
Cedar Park City Council approved a performance‑based economic development agreement with Firefly Aerospace, Inc., on Oct. 23.
Arthur Jackson, the city’s chief economic development officer, told council that Firefly will lease a new headquarters in Cedar Park, is expected to hire 300 full‑time employees and complete a $3.1 million capital investment/finish‑out. Councilmember Heather Jefts recused herself from discussion and action and left the dais before council considered the item. The motion to approve, moved by Councilmember Mel Kirkland and seconded by Councilmember Anne Duffy, passed 6‑0‑1 with Jefts recused.
"A Resolution Authorizing A Performance Based Economic Development Agreement Between The Economic Development Sales Tax Corporation Of Cedar Park And Firefly Aerospace, Inc", was the motion adopted by council. The minutes record the company’s commitments in job creation and capital investment; the agreement is recorded as Resolution R015.25.10.23.H2.
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