To approve an Economic Development Incentive Agreement between the City of Plano, Texas, and Sysgration America Corporation, a Texas corporation (“Company”), providing an economic development grant to the Company; and authorizing the City Manager to execute all necessary documents. Approved

This agenda item represents a request to approve an Economic Development Incentive Agreement for Sysgration America Corporation, a Texas corporation, pursuant to Chapter 380 of the Texas Local Government Code and conditioned on the terms as set forth in the attached agreement. Sysgration America Corporation agrees to occupy 98,000 square feet of office space at 3724 E. Plano Parkway, Plano, Texas 75074 and transfer, retain or create up to 152 Full-Time Job Equivalents by December 31, 2029.

Property Location

Funding for this item is available in the 2023-24 Economic Development Fund. This item, in the amount of $2,403,975, will leave an unencumbered balance of $52,016,723 available for future project consideration.

Approval of this Agreement supports the City’s Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality.