Adom Industries and the Fort Worth City Council agreed to an economic development agreement that will pave the way for a project that will be at least $229.2 million in the Alliance area.

What happened?

During the Aug. 12 meeting, council approved up to 15 annual grants in a total amount not to exceed $15 million for the facility.

Adom Industries is a prototyping and advanced microelectronics manufacturing cloud-based platform. The company is subject to certain investment and employment commitments with Fort Worth, according to a presentation during a City Council work session Aug. 5.

“I appreciate your willingness to work with staff to get to the point where we are today,” Fort Worth District 10 council member Alan Blaylock said to Adom Industries CEO John Lauer, who was in the gallery. “I know it’s been a long journey.”

How we got here

Adom Industries has a semiconductor fabrication facility at 4400 Alliance Gateway Freeway, with future phases proposed for sites to be identified at a later date that will be located within the municipal boundaries of the city, according to city documents.

The grant breakdown includes $1.5 million in performance grants, $500,000 for Phase 1 and $1 million for Phase 2. The new facility has to be a minimum of 200,000 square feet for Phase 3, has to be leased or purchased in Fort Worth.

The details

Adom Industries will deliver 267 jobs with an average salary of $91,000 to the area.

According to the presentation, Phase 1 will start in 2027, with Phase 4 targeted for completion in 2033.

The private investment is broken down to $182.5 million in business personal property and $46.57 in real property improvements, according to documents.

The grant is subject to company performance requirements:

  • Failure to meet the minimum investment results in default
  • Failure to meet the minimum $91,000 average annual salary requirement results in forfeiture of the annual grant
  • Failure to meet the full-time job commitment results in forfeiture of the grant
  • Additional rights, requirements and penalties apply as negotiated

What they’re saying

“Their clients would include many of the biggest names within the technology industry,” said Michael Hennig, Fort Worth’s economic development manager, during the Aug. 5 work session. “They help their clients to develop chips faster with more flexibility, more energy efficiency, and then, ultimately, move through the development process on ships faster.”

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