Exciting Times Ahead for Georgetown as TSS Relocates!
Georgetown residents have some thrilling news to buzz about! A well-known company is making its way to our charming city, and it’s not just any company—it’s Total Site Solutions Inc. (TSS), a prominent player in the data center services industry. This long-time Round Rock business is pulling up stakes and relocating its headquarters to Georgetown, only about six miles away!
What’s Driving the Move?
TSS, which partners with tech giant Dell Technologies, announced its plans for the move on October 24, citing a need to expand capacity by 60% to keep pace with the rapid growth of artificial intelligence (AI). This exciting expansion is not just about moving offices; it’s a strategic business decision aimed at enhancing their operations and services. As we all know, AI is taking the world by storm, and TSS is ready to ride the wave!
Operations at the new location are expected to kick off in early 2025, and if you’re curious about where they’ll be setting up shop, you’ll want to pay attention to a recent public notice issued by the City of Georgetown. The City Council is set to consider a tax abatement agreement for a company called VTC LLC, which is closely tied to TSS. It seems like Georgetown is rolling out the welcome mat!
What’s Happening at the New Site?
According to reports, TSS is eyeing a 168,784-square-foot facility located in the Blue Springs Business Park off Blue Springs Blvd. It looks like VTC LLC will make significant improvements, with plans to invest at least $17.7 million in renovations. Plus, the site owner, Molto Properties, is also planning a $23 million tenant improvement project to transform the building into a production, warehouse, and office space. That’s a lot of action happening at once!
Construction is slated to begin in early November and wrap up by January, just in time for TSS to move in and start making the most of its new digs. Isn’t that exciting? It signals not just a change of address for TSS, but also a boost for local jobs and the economy!
Growth Trends and Future Expectations
TSS has been on a growth trajectory, reporting an impressive revenue increase of 33% in the first half of 2024 compared to the same period last year. The company racked up $28.1 million in revenue, up from $54.4 million in 2023. With this kind of buzz around the company, it’s clear they are gearing up for something big! As TSS CEO Darryll Dewan has mentioned, the new Georgetown site will allow them to expand not just physically, but also to enhance their technological capabilities. That’s definitely music to the ears of local tech enthusiasts.
Georgetown: A Growing Hub
And let’s not forget about Georgetown itself! Known for being one of the fastest-growing cities in Texas, Georgetown’s population is close to hitting the 100,000 mark. In the past few years, a slew of companies have made the move to Georgetown, turning it into a manufacturing hotbed. Local businesses are reaping the benefits from our thriving community, and the arrival of TSS promises to keep that momentum going!
As Georgetown continues to blossom, it seems like TSS’s exciting transition is just the tip of an even larger iceberg. We can expect more businesses to flock to our lively city, making it a dynamic place for residents and those looking to establish new opportunities. So, let’s all give a warm welcome to TSS as they make Georgetown their new home!
If you have mixed feelings about what this means for our local community, it’s perfectly normal. Change can be both exciting and daunting. But with an influx of businesses like TSS, Georgetown is set to grow not only economically but also as a vibrant and engaging place to live!
