City Council approves up to $250,000 for life-science company

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DisperSol Technologies, a pharmaceutical development company based at the Texas Life-sciences Collaboration Center, will receive $5,000 for every job it creates in the next five years up to $250,000, according to a performance agreement approved by City Council on Sept. 23.

“If no jobs are created, they don’t get any funding,” Georgetown Economic Development Director Mark Thomas said. “This truly is a performance agreement.”

The company recently signed a five-year lease agreement for 10,000 square feet of space in TLCC’s second building to expand its operations, Thomas said. The company will also keep its space in TLCC’s first building.