Dell Technologies Inc. is planning a $25 million expansion over the next five years at its Round Rock headquarters.

That was disclosed by Round Rock Chamber officials during an Aug. 28 meeting as the Round Rock City Council unanimously voted to approve nominating Dell (Nasdaq: DELL) at its HQ at 1 Dell Way as a qualified enterprise project as part of the Texas Enterprise Zone Program.

Dell is planning $25 million in real property and business personal property improvements at the site over the next five years, consisting of expansion, new construction and renovation. The maximum number of jobs allowed on that level of the program is 500, and Scott indicated Round Rock planned to hit that, with the majority being retained jobs.

That means Dell would be eligible to receive $2,500 per job, or roughly $1.25 million maximum. Dell committed to hiring 35% economically disadvantaged persons, veterans or enterprise zones residents for new or replacement personnel over the next five years, Scott said.

Scott added that Round Rock has done 10 enterprise zone nominations over the years, with the last in 2022 going to Fisher Rousemont Systems, a subsidiary of Emerson Electric Co. (NYSE: EMR). Round Rock has nominated Dell five previous times, Scott said.