Economic Development

The Economic Development Department's vision is for Fort Worth to successfully compete on the national and international stage for creative, high-growth businesses and the talented individuals who fuel them. To make this vision a reality, our strategy is driven by the three goals of the city's Economic Development Strategic Plan:

Establish Fort Worth's competitive edge.
Become a hub for creative businesses.
Ensure community vitality.

Learn more about our Economic Development Strategic Plan

Fort Worth is an outstanding place to start, grow, or relocate your business.
No matter what you're looking for, it begins in Fort Worth.

Ongoing initiatives

Evans & Rosedale Redevelopment Project

The Evans & Rosedale Urban Village is a vibrant district located less than five minutes from Downtown Fort Worth. This six-acre, multi-block greenfield site is located within the city's Historic Southside.

Near Westside Public Improvement District (PID)

Educate business owners within the West 7th St. corridor, the Foundry District, and surrounding neighborhoods about the proposed Public Improvement District being discussed for the area.

Public Improvement Districts (PIDs)

A Public Improvement District is a defined geographical area established to provide specific types of improvements or maintenance.

Tax Increment Financing Districts (TIFs)

Tax increment financing is a tool authorized by Chapter 311 of the Texas Tax Code, which allows local governments to publicly finance needed structural improvements and enhanced infrastructure within defined reinvestment zones.

Revitalization

The Full-Strength Fort Worth revitalization framework combines the expertise of local and national partners with the city's resources and tools, to create a comprehensive strategy that prioritizes equity and preservation, celebrates diversity, and creates exciting communities where everyone can thrive.

Small Business Support

The organizations at the James E. Guinn Entrepreneurial Campus provide the framework to cultivate the next generation of entrepreneurs, create a robust pipeline of micro-enterprises, and provide growth opportunities for established small businesses.

Woodhaven Transformation Plan

Learn more about the Woodhaven Transformation Plan and provide your feedback and input.

Incentives

Economic Development Program Agreement Grants

These local grants reimburse private developers for the range of expenses that may otherwise create financing gaps for their projects.

Tax Abatement Program

A tax abatement is an exemption from ad valorem taxes on eligible properties for up to ten years. The amounts of these partial or full abatements can reach up to 100 percent of the increase in appraised value that results from developers' improvements to the property.

Enterprise Zone Program

Enterprise Zones offer local and state tax benefits for new and expanding businesses in economically distressed areas.

Opportunity Zones

The Opportunity Zone program is a federal tax benefit that allows investors to work with the city to benefit the community at large, while also attempting to maximize their investment.