WILLIAMSON COUNTY, Texas (KXAN) — On Wednesday, Williamson County announced it approved an incentive agreement with Soulbrain, a South Korean company that specializes in materials for the tech industry.
The county said the arrangement was for a Chapter 312 incentive agreement, which is performance-based.
Soulbrain, which is a supplier for the semiconductor plant in Taylor, agreed to make a $175 million investment into facilities in Williamson County, as well as provide internship opportunities for its high schoolers.
“Soulbrain will follow a phased hiring schedule over five years and employ a minimum of 50 positions at the end of five years as part of this agreement,” the county said.
The company purchased 85 acres in Taylor for its U.S. headquarters and operations.
According to the contract, Soulbrain will build a phosphoric acid plant, a hydrofluoric acid plant and other buildings and facilities on their property in Taylor.
"This agreement is about taking care of our next generation of kids. These will be sought after internships and job opportunities," said County Judge Bill Gravell. “For granting an abatement of $2 million, we will gain $18 million in taxable property value. That is significant to offset property taxes for our residents.”
