Paradigm Metals plans to bring at least 125 employees to their new headquarters in Hutto, and to grow to approximately 300 employees within 10 years. Paradigm expects to invest more than $10 million on the new facility, including purchasing the land, planning, relocation expenses, equipment and construction.
“We’re very excited at all the interest we are seeing for our industrial product at Innovation Business Park in Hutto, Texas,” said Kevin Reid, founding member of Titan Development and Chairman of the Board. “The potential for this area is huge due to the large, educated workforce and easy access to major markets. That potential is driving strong demand. Our partnership with Hutto reflects our confidence in the larger industrial market trends, but also in the City of Hutto who is firmly committed to creating opportunities for future business and industrial development right here in the Austin MSA area.
Paradigm Metals is a premier build-to-print manufacturer who will specializes in supplies of precision sheet metal fabricated along with machined parts for original equipment manufacturers (OEMs) and contract manufacturers (CMs) in the telecommunication, semi-conductor, medical and defense industries. The company, currently located in Pflugerville, specializes in precision sheet metal, powder coating, wet painting, laser cutting, CNC machining, clean room assembly and screen printing.
Innovation Business Park, a 72-acre business park, which will be home to approximately 800,000 sq. ft. of space at complete build out, broke ground in November 2017 and began the first phase of construction with 150,000 sq. ft. of business spec space for one to four tenants. With this agreement, Innovation Business Park will see a second building constructed providing 100,000 sq. ft. build-to-suit for the Paradigm Metals headquarters.
“The City Council envisioned a new marketplace for economic development activity in Hutto, and Titan Development helped us to deliver. We are pleased to see progress on the construction of this new headquarters for this major manufacturing business and the boon this will mean to the Hutto workforce and economy,” said Odis Jones, City Manager.