News & Press

Behind the deal: How Cedar Park landed Enovis’ $25M manufacturing expansion

Justin Sayers, Austin Business Journal 31.01.2025

Incentives and relationships were key

About two and a half years ago, Enovis Corp. executives made a list of areas around the country where they could expand their Austin-based surgical division. Central Texas came in at No. 4.

That’s part of the reason why Enovis executives are quick to credit Cedar Park officials for landing theĀ $25.5 million expansion, with the help of incentives, that will create at least 162 jobs in the region’s first big economic development project of 2025.

“I think the effort level and commitment from Cedar Park just really stood out throughout the whole process,” said Enovis’ Shayne Myhand, vice president of manufacturing and supply chain. “We needed a partner to grow with, and Cedar Park positioned themselves as the best long-term partner to grow with.”

Those involved in the site-selection process pulled back the veil on the multi-year project in interviews with the Austin Business Journal. Enovis leaders offered an in-depth look at how they ultimately chose to expand to a 100,000-square-foot facility at 2105 Scottsdale Drive in Cedar Park, which is emerging as a corporate and life sciences hub about 20 miles northwest of Austin.

Enovis is calling the new site its “MPOC,” or multipurpose operations center. The facility will more than double its current manufacturing capacity in Austin, expand distribution operations and include a state-of-the-art clean and sterile pack room…

Enovis looked as far east as Pflugerville, as far north as Georgetown and as far northwest as Leander, as well as everywhere in between. But Cedar Park was the clear winner, Myhand said, pointing to an incentives package and the city’s pledge of support for workforce development to get the facility up and going.

“Almost instantaneously, we had a great relationship,” Myhand said. “I think they were very pro-business and very aggressive in terms of their recruitment and their offer of incentives. So, we were able to find a great location to grow our business here in Central Texas.”

Incentives seal the deal

An incentive package was unanimously approved by the Cedar Park City Council during a Jan. 27 meeting. And, as Cedar Park Mayor Jim Penniman-Morin welcomed the company to the city, the dais and crowd broke into applause.

The 10-year agreement provides Enovis up to $650,000 in performance-based incentives. It requires the company to hit certain benchmarks on the way to reaching 162 employees with an average salary of $65,055 by Dec. 31, 2034. It must invest $25.5 million at the site by Dec. 31, 2025, and occupy the space by the end of this year.

Enovis also is eligible for an employee relocation bonus of $10,000 for every residence or residential lot purchased in Cedar Park by an Enovis employee, up to a maximum of $500,000, and a membership to the Cedar Park Chamber of Commerce, valued at $5,000…

Location, location, location

Another selling point was the location.

The project is in negotiations to be located in theĀ 95-acre mixed-use New Hope project, which is a joint venture of Austin-based real estate firms Cordova Real Estate Ventures, Riverside and Live Oak. The $250 million project is expected to total at least 430,000 square feet of industrial space, along with potentially 29,000 square feet of retail space…

Read the full article in The Austin Business Journal.