Wright One plans to employ more than 160 people
By Justin Sayers – Senior Staff Writer, Austin Business Journal
Oct 24, 2025
Wright One Inc., a hardware company that builds specialized fans and turbine technology, has received incentives to establish its headquarters in Cedar Park, where it’s aiming to eventually put its technology in flying cars.
The company was unanimously approved by the Cedar Park City Council on Oct. 23 for up to $1.2 million in incentives to occupy an 18,000-square-foot headquarters and manufacturing facility at 1200 BMC Drive. The company plans to employ up to 164 people, generate $5.5 million in taxable sales and invest $15.5 million in the site.
Wright One was founded by CEO Justin McAfee in 2020 while he was attending Babson College in Massachusetts for his MBA, and has the company has followed him to Texas and Connecticut. It specializes in building airflow infrastructure like electrification fans and turbine systems. Its products are being used to cool servers in cryptocurrency mining operations, but McAfee is hoping to extend the company’s reach to the aerospace industry — think drones and flying cars.
He previously told the Austin Business Journal that he looked at 50 U.S. cities — everywhere from Bend, Oregon, to Longmont, Colorado, to Covington, Kentucky, to remaining in Bridgeport, Connecticut, where he’s been for the last year — when evaluating a potential HQ location, before picking Cedar Park.
Wright One now has about 10 employees in the U.S. It contracts with a manufacturer in China, where products are made thanks to roughly 150 engineers, assembly line workers, packers and logistics employees. They are currently rolling thhe products out to three cryptocurrency miners — Sazmining, Cholla Inc. and Abundant Mines — as part of an expanded pilot. That helped Wright One achieve revenue for the first time this year.
The incentives — codenamed Project Fan — were approved by the council just days after the Cedar Park Economic Development (Type A) Sales Tax Corp. on Oct. 20 unanimously approved recommending them.
The company is eligible for the first $400,000 as long as it leases the facility by Dec. 31, 2026, and occupies it over the course of the five-year agreement, according to council documents. The company is required to create 28 jobs with a total annual payroll of $2 million; make $750,000 in capital investment upgrades that include facility buildout, systems installation and specialized equipment; and generate sales tax revenue of at least $400,000 by that time.
The company is eligible for the second $400,000 should it create another 28 jobs, with a combined annual payroll of $4.1 million, make another $750,000 in additional capital investment improvements and generate at least $428,000 in sales tax revenue by Dec. 31, 2027, according to documents.
The company is eligible for the final $400,000 should it create the final 108 jobs, with a combined annual payroll of at least $12.4 million, make another $2 million in additional capital investment and generate at least $457,960 in sales tax revenue by Dec. 31, 2028, documents show.
Wright One would be required to make another $12 million in additional capital investment and generate at least $561,021 of generable taxable sales by the end of the agreement, which is Dec. 31, 2031, documents show.
Employees are also entitled to a relocation bonus of $10,000 for each residence of residential lot purchased in the city, a maximum of up to $500,000, and a Cedar Park Chamber of Commerce Chairman’s Member level membership, which is valued at $5,000, documents show.
Arthur Jackson, Cedar Park’s chief economic development officer, said during the Oct. 23 meeting that Wright One plans to start with one shift before ramping up to three shifts by 2028. He said in an email that the city is interested in the company because it’s at “the forefront of two converging fronts” in aerospace and data centers.
“Wright One’s decision to invest here brings more than technology; it catalyzes local supply chains, anchors advanced manufacturing, and creates high-paying technical and engineering roles that exceed our county’s average wage. For Cedar Park, it’s a model of sticky, innovation-led growth — sustained capital investment, quality jobs, and a flagship employer whose circular-economy performance reflects well on our entire regional ecosystem,” he said.
McAfee said there are still some things they need to hammer out. The company is hoping to tap into the Austin market for investors and customers. It’s also hoping to establish a foreign trade zone, as its product is made in China, and is right now being used in place like Paraguay. It also still needs to finalize the lease.
The 28 employees it hopes to add in the next 12 months includes logistics and inventory control, those involved in the recycling process, a general manager and marketing team, and then administration that includes him.
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