The agreement is performance-based and includes clawback provisions should Emerson not fulfill its obligations. In consideration for Emerson meeting its obligations, economic incentive payments (EIPs) totaling $500,000 will be issued through the city’s Type B sales tax fund, divided into two payments made when the company is issued a building permit and Certificate of Occupancy. “We are thrilled that Emerson is committed to investing in its Round Rock headquarters to build a next-generation workspace and collaborative environment for its current and future employees.” “Emerson continues to be one of Round Rock’s largest employers and has been an essential community partner for more than a decade,” said Jordan Robinson, Interim President and CEO of the Round Rock Chamber. In addition, the company must hire 50 to 60 additional employees as a result of the proposed expansion and improvements by the end of the agreement. The agreement requires Emerson to invest at least $9 million in real property improvements and business personal property at its existing headquarters by the end of 2023. To support the project, the Round Rock Transportation and Economic Development Corporation and the City Council approved a Chapter 380 agreement. Located in Round Rock since 2011, Emerson helps manufacturers around the world optimize their operations for improved production, reliability and safety, as well as meet sustainability goals. Emerson Expands In Round RockĮngineering, technology and software company Emerson will create at least 50 new jobs with its $9 million investment in Round Rock, TX. Munro and Associates has a 30-year track record of helping companies reduce time-to-market R&D, engineering, and manufacturing costs. “Making this move to Austin and into this facility, along with the investments we’re receiving through StartEngine, are allowing us to accelerate prototype development and testing.”ĬyberLandr recently completed a 3,000-mile field test with its latest prototype and review by Sandy Munro and his team. “Securing a location in Austin and continuing our equity crowdfunding campaign are essential steps in the development of CyberLandr,” said Stream It CEO and co-founder Lance King. The new headquarters facility is located in south Austin, just six miles from Austin-Bergstrom International Airport and nine miles from Tesla’s Austin headquarters and Gigafactory. Since the announcement, the crowdfunding campaign has raised more than $540,000, and CyberLandr preorders have grown to more than $110 million. The move is another milestone in growth momentum for CyberLandr: In December, Stream It launched an equity crowdfunding campaign on StartEngine that makes investment in CyberLandr available to everyone. This also means that, unlike other RVs, Cybertruck with CyberLandr can access more places on and off-road - allowing it to fit in normal parking spaces, traverse drive-thrus, and fit in parking garages and home garages. This functionality results in zero additional aerodynamic drag, minimizing its effect on range. This structure disappears completely within the bed (or “vault”) of the Cybertruck when stowed. The company is developing a prototype of CyberLandr, an innovative RV/camper designed for Tesla’s Cybertruck.ĬyberLandr transforms Tesla’s Cybertruck into a mobile tiny home equipped with a bedroom, living room, kitchen, bathroom, and office when deployed. has relocated its CyberLandr research and development facility to Austin, TX.
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