{"id":161418,"date":"2025-08-20T15:30:13","date_gmt":"2025-08-20T15:30:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/161418\/"},"modified":"2025-08-20T15:30:13","modified_gmt":"2025-08-20T15:30:13","slug":"adom-industries-to-invest-229m-in-expanded-facilities-jobs-in-fort-worth","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/161418\/","title":{"rendered":"Adom Industries to invest $229M in expanded facilities, jobs in Fort Worth"},"content":{"rendered":"<p>\t\t\t\t<a href=\"https:\/\/adom.inc\/\" target=\"_blank\" rel=\"noopener\">Adom Industries<\/a> 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.<\/p>\n<p><b>What happened?<\/b><\/p>\n<p>During the Aug. 12 <a href=\"https:\/\/fortworthgov.legistar.com\/LegislationDetail.aspx?ID=7506299&amp;GUID=3D93FEF0-33FD-4121-9A5D-DCC4ACB59216\" target=\"_blank\" rel=\"noopener\">meeting<\/a>, council approved up to 15 annual grants in a total amount not to exceed $15 million for the facility.<\/p>\n<p>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.<\/p>\n<p>\u201cI appreciate your willingness to work with staff to get to the point where we are today,\u201d Fort Worth District 10 council member <a href=\"https:\/\/www.fortworthtexas.gov\/government\/elected-officials\/alan-blaylock\" target=\"_blank\" rel=\"noopener\">Alan Blaylock<\/a> said to Adom Industries CEO John Lauer, who was in the gallery. \u201cI know it\u2019s been a long journey.\u201d<\/p>\n<p><strong>How we got here<\/strong><\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>The details <\/strong><\/p>\n<p>Adom Industries will deliver 267 jobs with an average salary of $91,000 to the area.<\/p>\n<p>According to the presentation, Phase 1 will start in 2027, with Phase 4 targeted for completion in 2033.<\/p>\n<p>The private investment is broken down to $182.5 million in business personal property and $46.57 in real property improvements, according to documents.<\/p>\n<p>The grant is subject to company performance requirements:<\/p>\n<ul>\n<li>Failure to meet the minimum investment results in default<\/li>\n<li>Failure to meet the minimum $91,000 average annual salary requirement results in forfeiture of the annual grant<\/li>\n<li>Failure to meet the full-time job commitment results in forfeiture of the grant<\/li>\n<li>Additional rights, requirements and penalties apply as negotiated<\/li>\n<\/ul>\n<p><strong>What they\u2019re saying<\/strong><\/p>\n<p>\u201cTheir clients would include many of the biggest names within the technology industry,\u201d said Michael Hennig, Fort Worth&#8217;s economic development manager, during the Aug. 5 work session. \u201cThey help their clients to develop chips faster with more flexibility, more energy efficiency, and then, ultimately, move through the development process on ships faster.\u201d<\/p>\n<p>&#8220;&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"Adom Industries and the Fort Worth City Council agreed to an economic development agreement that will pave the&hellip;\n","protected":false},"author":3,"featured_media":161419,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[82704,85478,5229,7371,7372,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-161418","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-adom-industries","9":"tag-alan-blaylock","10":"tag-america","11":"tag-fort-worth","12":"tag-fortworth","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115061812555426370","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/161418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=161418"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/161418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/161419"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=161418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=161418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=161418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}