Fort Worth EDP

In mid-December, Fort Worth landed a $600 million-plus manufacturing plant that will bring an expected 520 jobs to this area. Bell, a Textron subsidiary, announced it was retrofitting and expanding an existing plant to house manufacturing operations for the company’s new assault helicopter, the U.S. Army’s Future Long Range Assault Aircraft set to replace the UH-60 Black Hawk as the U.S. Army’s long-range assault aircraft. The facility is expected to be ready for initial production by 2028. “Beyond the economic development win, attracting a plant to build a next-generation helicopter is something to be proud of in a city whose ties to the defense industry date back to the days of Camp Bowie and World War I and before”, Robert Allen, president and CEO of the Fort Worth Economic Development Partnership said. Read more about the details of this upcoming development: https://ow.ly/ikz150Vhjt8 #FortWorth #FortWorthEDP #Bell

For the 13th year in a row, Texas has won the prestigious Governor’s Cup, given to the state with the highest total capital investment in economic development projects each year. Dallas-Fort Worth is driving the growth. Dallas-Fort Worth holds the No. 2 spot for metro areas in project count, second only to Chicagoland. DFW completed 489 projects, while Chicago led with 582. Fort Worth is making a significant contribution to the region's success. In the past two years, Fort Worth has generated $3.7 billion in capital investment, powered by investments from companies like Embraer, Dick’s Sporting Goods, and, more recently, Fort Worth-based Bell, which in December announced that it would make a $632 million investment in a new factory in Fort Worth to build the Future Long Range Assault Aircraft. “Texas is still the belle of the ball,” said Robert Allen, CEO of the Fort Worth Economic Development Partnership. “And for Fort Worth, it's a pretty strong statement that we're here, we're winning, and we're not going anywhere anytime soon. We've got a great package.” Read more on why Fort Worth is a top contributor to Texas’ win: https://ow.ly/IRJm50VhryM #FortWorth #FortWorthEDP #GovenorsCup

AllianceTexas is fueling significant expansion in north Fort Worth. Covering 27,000 acres, this mixed-use development—home to Perot Field Fort Worth Alliance Airport, a hub for cargo and aerospace operations—generated over $10.2 billion in economic impact and contributed $4.2 billion in property taxes to local governments in 2024, according to a report shared with the Fort Worth City Council on Feb. 4.Hillwood said a major accomplishment of 2024 was the company’s collaboration with government entities to secure an $80 million Infrastructure for Rebuilding America federal grant to boost the development with a new smart bridge that will take vehicles off nearby roads and highways. Fort Worth Mayor Mattie Parker said AllianceTexas is an economic driver for the region to increase industry and residential developments. Read more about future developments coming out of Hillwood and AllianceTexas: https://ow.ly/bgl550VcoWb #FortWorth #FortWorthEDP #AllianceTexas #Hillwood

Yesterday, German global technology giant Siemens electronically cut the ribbon on its new $190 million electrical equipment manufacturing plant in Fort Worth. The 500,000-square-foot facility, at 7200 Harris Legacy Drive at Carter Park East, has already created 480 jobs and is expected to add a total of 800 by 2026. Barry Powell, regional CEO of electrical products for Siemens smart infrastructure North America division, said, “the location in the southern sector of Fort Worth was perfect for the company given its easy access to Interstate 35W and Tarrant County College being just down the road.” Siemens officials said they are working to establish a program with the school to train workers for the plant. Read more about the opportunity Siemens has brought to Fort Worth: https://ow.ly/7H0Q50VcBIb #FortWorth #FortWorthEDP #Siemens

Tarrant County College has received a $280,000 Texas Reskilling and Upskilling through Education (TRUE) grant to advance four healthcare programs it offers at the TCC Opportunity Center in Fort Worth. The grant was awarded by the Texas Higher Education Coordinating Board and will provide essential skills and improve patient care in and around Tarrant County, especially to those living in underserved areas, TCC said. The college said the funding will address its goal of meeting increased employer demand for more local and regional residents obtaining entry-level certification in its Electrocardiogram Technician, Phlebotomy Technician, Patient Care Technician and Pharmacy Technician programs. Read more about the opportunities presented by this grant: https://ow.ly/rGTz50V95bg #FortWorth #FortWorthEDP #TarrantCountyCollege #TCC #Grant #HealthcarePrograms

Mark Hart, CEO of Fort Worth-based Corriente Advisors LLC, highlighted North Texas as a prime location for further growth in the aerospace and space industries. Speaking at the 2025 Tarrant County Commercial Real Estate Forecast alongside Robert Allen, president and CEO of the Fort Worth Economic Development Partnership, Hart noted that the region is already home to numerous defense and aviation companies, making it well-positioned for expansion. According to Hart, Fort Worth appeals to aerospace and other relocating companies due to its ample available land, robust infrastructure, and the cultural amenities of a major city. “We’ve got the ingredients,” Allen said. “It’s a good culture, all positive things.” There is “definitely a need to increase the production pipeline of software engineers in Fort Worth and in the region” to meet long-term economic goals, he said. “The good news is our higher education institutions are investing heavily, obviously, in some of those spaces.” https://ow.ly/XgnY50V95al #FortWorth #FortWorthEDP #Aerospace #Aviation #Space #Industry #Defense

2025 will be a year for companies to navigate a myriad of factors that will shape site selection and corporate real estate decisions. Read more in this 2025 forecast: https://ow.ly/FYBy50V8cbO #FortWorth #FortWorthEDP #SiteSelection #CorporateRealEstate

Texas has been awarded the 2024 Site Selection Governor's Cup for the 13th consecutive year for leading in total qualifying projects. The Lone Star State’s total of 1,368 qualifying projects was up by 114 projects (9%) over the state’s 2023 total of 1,254. Read how Texas and the DFW area stood amongst other competitive states and areas: https://ow.ly/Y77X50V9qYQ #FortWorth #FortWorthEDP #SiteSelectionGovenorsCup

Mammoth Freighters is expanding its space in the Alliance area of Fort Worth. The business turns former passenger planes into cargo planes and it is located inside Perot Field Fort Worth Alliance Airport. Read more about the details of this new lease here: https://ow.ly/SLmF50V70Bk #FortWorth #FortWorthEDP #Alliance #MammothFreighters

Construction to turn an old Fort Worth Fire Department building dating to 1911 into a hotel is nearly complete. Dallas-based Bedford Lodging LLC plans to open the Nobleman - a 153-room hotel within the historic building at 503 Bryan Ave. in mid-February or March. The building will also feature a restaurant called The Duchess. Read more about this coming development in Fort Worth’s Southside area: https://ow.ly/MQlq50V70w5 #FortWorth #FortWorthEDP #Southside #TheNobleman