Governor Announces $3.5M LITEON Expansion In McKinney
· Texas Border Business
Governor Greg Abbott announced that Lite-On, Inc. (LITEON) will establish its new North American headquarters in McKinney, focusing on advanced manufacturing for AI power solutions. The project involves a $307 million investment and is expected to create 500 jobs, supported by a $3.5 million Texas Enterprise Fund grant and a $100,000 bonus for veteran-created jobs. LITEON's total investment in the facility will reach $919 million, generating over 600 jobs in total. Local leaders expressed enthusiasm for the economic boost and job creation this expansion will bring to the community.
AI summary · Source: Texas Border Business →
