A $45 million, 125,000 square-foot technology manufacturing facility that’s expected to generate millions of dollars in sales tax revenue and dozens of jobs is coming to Kyle.
By virtue of a unanimous 7-0 vote, the Kyle City Council Tuesday approved Project Magic Mint, paving the way for ENF Technologies, a South Korean tech manufacturing company, to set up its first U.S. based facility in Plum Creek.
Officials expect ENF Technologies to move to Kyle by 2020; construction on the facility is expected to start after a groundbreaking ceremony in May.
ENF Technologies manufactures tech products for several companies including Samsung and Texas Instruments.
The project has been on the Kyle City Council agenda for months and has been in progress for two years. Details of the project were kept under wraps until the big announcement Tuesday. Representatives with ENF Technologies shopped around the Central Texas area for the right location, including Austin, before choosing Kyle as the permanent spot.
The company will bring a minimum of 45 full time jobs to the area with a median wage of $85,000 annually, said Kyle Economic Development Director Diana Torres.
The company has the potential to eventually hire up to 80 full time staff members. Kyle stands to benefit from the facility as the city will collect sales tax revenue from the product made within the facility.
Kyle Mayor Travis Mitchell said the move represents Kyle’s initiative toward the goal of becoming an economically diverse city for large and small businesses.
“I think any time we have companies and development come to the city of Kyle that it is not only beneficial for now but for the future of Kyle,” said council member Dex Ellison.
Ellison added the company officially puts Kyle “on the map.”
“We’ve announced in the last eight months two very large companies that had choices, and they chose Kyle,” Mitchell said. “That just goes to speak to how much we are evolving as a community.”
Council members said the company’s choice to move into Kyle is beneficial for the community and said they hope to make the facility and employees feel welcome.
“We have full support across the board for this project in Hays County,” Torres said.
