Development
BY JOEL VALLEY
Perseus Defense, a defense technology startup that specializes in guided micro-missiles for drone defense, has selected Tower Business Park in Buda as the location of its new headquarters. The new headquarters will house engineering, advanced manufacturing, research and development, and operations roles. It is expected to create 20 jobs in the rst year of operation, more than 130 by the third year and approximately 400 by the fth year, according to Perseus Defense ocials. The average annual salary is projected to reach $120,000, which is more than 126% above Hays County’s median wage, according to Buda Economic Development Corp. ocials. “Buda is the ideal location for our next stage of growth,” Jason Cornelius, co-founder and CEO of Perseus Defense, said in a news release. “The region’s strong workforce, proximity to major defense partners, and ourishing community of defense startups provide the right environment for us to scale our technology and mission.” Perseus Defense moves to Buda
Zooming in
Perseus Defense headquarters
The Buda EDC and Buda City Council approved a performance-based incentive agreement, which features: • Up-front support for permit fees and incentives to assist with headquarters build-out up to $200,000 • Incentive o ering up to $1,800 per new job paying more than $120,000 annually, with a minimum of 20 qualifying jobs by year one, a minimum of 40 by year two and a minimum of 70 by year three “Perseus Defense represents exactly the type of innovation-focused, high-wage employer we aim to recruit to Buda,” Jennifer Storm, CEO of the Buda EDC, said in the release. “This project brings hundreds of high-tech, in-demand jobs to our com- munity and directly supports our strategic
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plan, strengthening Buda’s position as an emerg- ing hub for aerospace, defense technology and national security innovation.” Storm and other Buda EDC ocials credited Megan Flake with KW Commercial for her “key role” in Perseus Defense securing the approxi- mately 18,000-square-foot location in Buda.
One more thing
Our team is deeply grateful to the Buda EDC and the great state of Texas for helping us secure the ideal home to ramp up production and accelerate this technology in support of our troops. JASON CORNELIUS, CEO OF PERSEUS DEFENSE
Working closely with the U.S. Department of War, the Department of Homeland Security and a variety of Army research groups, Perseus Defense is required to create 130 jobs in the rst three years. The company must also maintain its Buda headquarters for a minimum of ve years, according to Buda EDC documents.
Perseus Defense is projected to establish approximately 400 jobs by its fth year at its new Buda headquarters.
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