New Jobs For Round Rock: Odyssey Technical Solutions Expanding

Odyssey Technical Solutions, a leader in the repair of radio frequency, microwave and direct current equipment, is building a new 32,000-square-foot facility in Round Rock that is set to open next year.

On Nov. 24, the City Council approved economic incentives contingent on the company relocating 2.7 acres inside the city, investing in the new facility, and holding a certain number of employees, according to the city of Round Rock. Based on this agreement, the City will make two economic-program payments to the company: one for $55,000 when the facility is completed, and another for up to $55,000 depending on the number of new employees hired. They will also offer property tax abatements of 100 percent in the first two years of the agreement, 75 percent in the third year, and 50 percent in the fourth year.

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“I am extremely pleased to announce our commitment to building our headquarters and technology center here in Round Rock.” said Jim Plourde, president of the company. “It was a pleasure to work with the Round Rock Chamber to identify our ongoing role in the business growth of the city. We truly appreciate the welcoming business environment and investment made by the City of Round Rock to make this happen. We are eager to move through the next steps of this project and look forward to moving into Odyssey’s new company home.”

Odyssey is currently located in the Round Rock extraterritorial jurisdiction, and the new facilities will be located at the Altman Business Park off North Mays Street. Odyssey is investing $5.4 million in land, building, and personal property. They plan to move all 54 of their current employees to the new location.

“We have been working with Odyssey Technical Solutions for several years and are very happy that they have decided to expand in Round Rock,” said Ben White, the Chamber’s vice president of economic development. “This is a prime example of our business expansion efforts directly producing an increase in economic growth for our community.”