The City of Pflugerville is out $165,000 and 65 jobs following the disappearance of a CEO whose company received a lucrative incentive deal to set up shop in the city.
In 2010, National Scooter Inc., led by CEO Greg James, was awarded a $235,000 incentive deal by the Pflugerville Community Development Corp. The PCDC brokered a deal with James to open a factory and create an estimated 65 jobs, according to city documents.
James eventually received $165,000 to develop the factory. PCDC Chairman Floyd Akers said James moved into a space in October 2010 and employed 13 people until closing in early 2012.
“(James) was hoping to reopen this August,” Akers said. “Unfortunately he was not able to do so.”
Akers said the PCDC will be pursuing legal action to recapture the money.