{"id":17190,"date":"2025-06-26T20:24:08","date_gmt":"2025-06-26T20:24:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/17190\/"},"modified":"2025-06-26T20:24:08","modified_gmt":"2025-06-26T20:24:08","slug":"fort-worth-city-council-approves-tax-abatement-for-possible-electronic-manufacturing-plants","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/17190\/","title":{"rendered":"Fort Worth City Council approves tax abatement for possible electronic manufacturing plants"},"content":{"rendered":"

\t\t\t\tThe city of Fort Worth passed two tax abatement reinvestment zones that look to bring Wistron InfoComm Corporation to two locations in the Alliance area of Fort Worth.<\/p>\n

The two areas, at 15200 Heritage Parkway and 14601 Mobility Way, would be used for electronic manufacturing. Each location would receive a 10-year tax abatement as part of the agreement if it picks Fort Worth, according to city documents. Council passed the measure during the June 24 meeting<\/a>.<\/p>\n

Wistron InfoComm Corporation is a wholly owned subsidiary of Wistron Corporation<\/a>, a Taiwanese company specializing in manufacturing and designing electronics.<\/p>\n

Wistron announced in April it has plans to invest $45 million<\/a> in Wistron InfoComm and plans to acquire land and facilities up to $50 million in the United States.<\/p>\n

Zooming in<\/strong><\/p>\n

According to city documents<\/a>, the plan would be a building of at least 324,400 square feet at 15200 Heritage Parkway, which is referred to as Site 1, and a 766,994 square foot building at 14601 Mobility Way at Site 2. Both locations are in Fort Worth Council District 10.<\/p>\n

On Project Site 1, the company must spend a minimum of $80 million in real property improvements on or before June 30, 2026, with a minimum taxable appraised value of $411 million by Jan. 1, 2027.<\/p>\n

A 12-month extension could be permitted, but if the timeline is not met, the abatement would be forfeited, according to documents.<\/p>\n

At Project Site 1, the company must provide 634 jobs with an average salary of $63,000 on or before Dec. 31, 2026.<\/p>\n

The setup<\/strong><\/p>\n

Similar requirements are in place for Project Site 2. According to city documents, Wistron must spend $32 million on total construction by June 30, 2026, and have a minimum taxable appraised value of $164 million by Jan. 1, 2027. As with Site 1, a 12-month extension is in place, but if the timeline is not met, the abatement would be forfeited as well.<\/p>\n

This location would have to have a minimum of 254 full-time jobs with an average salary of at least $63,000 by Dec. 31, 2026.<\/p>\n

What else?<\/strong><\/p>\n

As part of the abatement, Site 1 would equal up to 70%, and Site 2 would have an abatement equal to 50% for abatement for real property and business personal property taxes if the company decides to locate in Fort Worth, according to city documents.<\/p>\n

If the company comes to Fort Worth and meets the completion deadline, the tax abatement would rise to 80% and 60%, respectively.<\/p>\n

The two projects will result in an estimated $41.39 million in new incremental property tax to the city, but with the abatement, the city would receive $10.64 million in new taxes over the 10 years following the project completion, according to city documents.<\/p>\n

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