Fredericksburg City Council has approved agreements with three companies that are expected to bring nearly 200 professional jobs to the city.
The performance agreements involve QRC Technologies, IST Research and ILM Corp., which plan investments in the city totaling about $9 million. Combined, the companies will occupy space of about 43,000 square feet.
The council said the companies all represent the type of businesses and jobs targeted for the city and region.
The five-year performance agreements with the three companies will allow them to receive a 100 percent waiver on their business license taxes for the first three years and a 50 percent waiver for the next two years.
