A $20,000 incentives package approved by Buda city leaders last month is expected to pave the way for a company that maintains semiconductor construction equipment to open for business.

By a unanimous vote on Jan. 3, the Buda City Council approved a performance agreement on second reading between the Buda Economic Development Corporation (EDC) and GMAG Holdings, which is the parent company of Chip Semiconductor. According to city documents, the performance agreement would have Buda pay $20,000 f...