Cedar Park — The Cedar Park City Council approved a resolution authorizing a performance-based economic development agreement with Innovus, a global medical technology company, committing $650,000 in incentives as part of Project Extra Care. The resolution, called as agenda item A4, passed by a 7-0 vote after a motion by Councilmember Kirkland and a second by Councilmember Duffy.

City economic development staff said the agreement ties the incentive to specific commitments from Innovus: the company intends to lease roughly 100,000 square feet in Building 3 of the New Hope development, hire 162 full‑time employees and complete about a $25.5 million investment in Cedar Park.

Arthur Jackson, Cedar Park’s chief economic development officer, introduced the item, saying, “Here to present for action today, Project Extra Care.” He said the project was brought to the region through Opportunity Austin and went through multiple rounds of review and site visits. Jackson described Innovus as “a global medical technology innovator dedicated to improving lives by developing clinically differentiated solutions that enhance patient outcomes and restore motion for life.”

Representatives of Innovus addressed the council. Mark Virgut, identified in the meeting as vice president of advanced manufacturing and engineering, said the city will be the site of a multipurpose operations center and explained, "So we're calling the site the MPOC. So that's a shorthand term for it. It stands for multipurpose operations center." Shane Mahind, vice president of supply chain and manufacturing, said the business moving to Cedar Park will focus on the company's implant line for knees, hips and shoulders; he thanked city staff and regional partners for their role in site selection and said the company looks forward to working with the city.

Council members and the mayor offered congratulatory remarks about the project and Cedar Park's role in attracting the company. The motion to approve the resolution carried unanimously, 7-0.

The resolution authorizes the city’s Economic Development Sales Tax Corporation (the Type A board) to enter a performance-based agreement with Innovus. The document presented to council ties the $650,000 incentive to the firm's commitments to lease the space, create the jobs and complete the stated capital investment; the incentive is described in the meeting as contingent on those performance measures being met.

Opportunity Austin and the local real estate teams involved in the project were acknowledged by city staff during the presentation. Innovus executives said the Cedar Park site would provide room for future expansion.

With the council vote, the resolution is authorized for execution; Innovus representatives said they will continue design, build-out and coordination with city staff as the project moves forward.