El Paso is gearing up to welcome a new company.

The El Paso City Council is poised to approve a 380 Agreement with Ferveret, Inc., a company that produces liquid cooling systems for data centers, during its regular meeting Wednesday, Sept. 3.

Business operations for the company, which will be headquartered within the Innovation Factory at 501 George Perry Blvd., include "the development of (Ferveret's) immersion cooling solution technology, which aims to address the increasing demand for power-intensive microchips and reduce data center emissions," according to Tuesday's agenda .

In exchange for creating 30 full-time jobs over the next three years, the company will receive $875,634.84 worth of economic incentives in the form of rental assistance, operating expenses, tenantimprovements

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