A cable teleshopping network that is moving from its national headquarters to Cedar Park is expected to be the city’s largest employer, officials said.
Shop LC, a cable television network and online retailer of jewelry and lifestyle products currently based in Austin, will create 1,000 jobs with an average salary of $ 70,000, according to a press release from the city.
“We welcome the relocation of world-class Shop LC from its headquarters to Cedar Park,” Mayor Corbin Van Arsdale said in the statement. “They will be our largest employer, with 1,000 high quality jobs. Shop LC will invest significant capital in our community and provide primary employment opportunities to our residents. This fits perfectly with the strategic goal of our economic vitality. municipal Council.
READ: Firefly Aerospace plans to add 680 jobs at Cedar Park
Cedar Park city council on Thursday approved a $ 5.4 million incentive package for the company. The incentives include a 75% property tax refund for the first three years, then a 60% property tax refund for the next two years. The city will offer a 50% property tax refund for the company’s fifth year of operation at Cedar Park.
The incentives also include an Economic Development Job Creation Grant of $ 4,500 per job up to 1,000 jobs, a reimbursement of $ 150,000 if a traffic light or road is required, and membership of one year at the Cedar Park Chamber of Commerce, the statement said.
READ: Construction to begin in 2022 in Cedar Park’s Boulevard Bell neighborhood
The commercial network will build a $ 50 million, 200,000 square foot facility near the intersection of East New Hope Drive and US 183, the statement said. Construction is expected to be completed by September 30, 2024.
“Cedar Park is a beautiful and vibrant city with great schools and a strong community, making it the perfect choice for us to build our permanent home where our business, our employees and their families can thrive,” said the President North American Shop LC, Amit Agarwal. The version.
The company sells jewelry, gems, precious metals, handbags and fashion accessories, kitchen supplies, and bedding and bath products, according to its website.
For every purchase, Shop LC provides a meal to hungry children in India and the United States, according to the website. He said the company’s One for One program delivers meals across India through its partnership with Akshaya Patra and to the United States through its partnership with No Kid Hungry.
Shop LC was founded in 2007 as the Jewelry Channel, according to its website. During the 2008 recession, sales declined, so the company changed its name to Liquidation Channel, expecting to close, the website said.
He said the company grew instead of having to close and in 2017 renamed itself Shop LC, which stands for “Shop Low Cost”.
For more information, visit shoplc.com.