# Osceola County Commissioners Monday approved a development agreement with ELSPES, Inc. The company will establish its manufacturing operations and headquarters at the county’s tech campus.

*semiconductor · news · 2026-05-10 · Around Osceola*

## Key points

- ELSPES, Inc. will establish its headquarters and manufacturing at NeoCity on a 40-acre site.
- ELSPES's facility will be the largest footprint at NeoCity, surpassing all current buildings.
- The $470 million investment by ELSPES could generate 600 jobs averaging $85,000 in salary.
- A new direct flight from Seoul to Orlando was secured to support NeoCity’s international connections.

**Companies:** ELSPES, Inc.
**Countries:** South Korea, United States

[Read the full story on Around Osceola](https://www.aroundosceola.com/index.php/news/koreas-elspes-agrees-build-neocity-manufacturing-plant-potential-470m-investment)

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