Virtex expects to add about 100 employees to its existing 165 workers when it occupies new office space at 2801 E. Plano Parkway.
Alexandra SkoresAn Austin-based electronics manufacturing firm is working on plans to move into bigger offices in Plano to add nearly 100 jobs to its existing 165-person workforce.
Plano City Council was expected to vote Monday night on an economic development agreement that would award a $470,9000 cash grant to Virtex to aid with the move into 65,000 square feet of office space at 2801 E. Plano Parkway. The company will vacate its 45,000-square-foot office at 3601 E. Plano Parkway.Virtex serves the military and aerospace, space and satellite, and industrial and medical markets.
“It’s big for us to be targeting redeveloping, expansion and retention, especially in these times,” said Doug McDonald, Plano’s director of economic development.McDonald said he expects 2023 to be a strong economic development year for Plano. “We’re seeing, at least here in Plano, that the economy is still strong, and people are still looking around and looking to come here,” McDonald said. “I think we’ll have a pretty good rebound in 2023.”. Alexandra Skores is the breaking business news reporter covering local companies and economic topics. She's a graduate of the University of Iowa, where she was managing editor of the award-winning student newspaper, The Daily Iowan.
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