Pflugerville City Council approved an economic development agreement between the city and Lauren Concrete Aug. 26 to keep the company’s headquarters in Pflugerville.

Overview

The company requested a new sales tax abatement agreement over a 10-year period for it to maintain its headquarters within the city. Per the agreement, half of the city’s annual sales tax revenue from Lauren Concrete will be remitted in part by the city and by the Pflugerville Community Development Corporation .

The company generates about $1 million in sales tax revenue to the city and $500,000 to PCDC, according to city documents.

The agreement, along with a deal between PCDC and Lauren Concrete that was also approved by council, will equate to an approximately $500,000 reimbursement to the company. In exch

See Full Page