HOME SHOPPING NETWORK CHOOSES CEDAR PARK FOR NATIONAL HEADQUARTERS

Cedar Park, Texas - Shop LC, a television network and leading online retailer of jewelry and lifestyle products, has chosen Cedar Park for its national headquarters. The Cedar Park City Council voted to approve the deal, as recommended by the City’s Economic Development (Type 4A) Sales Tax Corporation, at its November 18, 2021 City Council Meeting.

The project will create 1,000 jobs in Cedar Park, making Shop LC the city’s largest employer as well as having a capital investment of $50 million. Under the agreements, Shop LC will construct a minimum 200,000-square-foot facility near the intersection of East New Hope Drive and North Bell Boulevard (US 183). Facility construction is expected to be complete by September 30, 2024.

Mayor Corbin Van Arsdale said, “We welcome the world-class company Shop LC’s relocation of its headquarters to Cedar Park. They will be our largest employer, with 1,000 high-quality jobs. Shop LC will be investing significant capital in our community and providing primary job opportunities for our residents. This perfectly aligns with our City Council’s strategic goal of economic vitality.”

Shop LC North American President Amit Agarwal said, “Cedar Park is a beautiful and vibrant city with great schools and a strong community, making it the perfect choice for us to build our permanent home where our company, employees, and their families can thrive.”

For more project information, visit www.cedarparktexaswins.com.

About Shop LC

Currently headquartered in Austin, Texas, Shop LC, is a wholly owned subsidiary of Vaibhav Global Ltd. (VGL), a vertically integrated company with global sourcing and manufacturing capabilities. Shop LC is a value-conscious, interactive home shopping network focused on fine jewelry, beauty, fashion, home decor and lifestyle product categories. Established in 2007, Shop LC reaches approximately 73 million U.S. households via high-definition programming offered live 24 hours a day, seven days a week, 365 days a year. Additionally, every purchase provides a meal to a hungry child through the Your Purchase Feeds Program. For more information visit www.shoplc.com and download the interactive app on iTunes, Google Play or many other streaming devices or televisions.