Home > News

Fort Worth releases Amazon HQ2 incentive package

Posted Nov. 30, 2018

Archived Content Information and links provided may no longer be accurate.

The City of Fort Worth and the Fort Worth Chamber of Commerce released details of a presentation sent to Amazon last fall highlighting the benefits of Fort Worth as a business destination and outlining an incentive proposal worth $443.2 million from the city.

The City of Fort Worth offered a Chapter 380 economic development grant worth up to $438 million based on Amazon’s $750 million in capital investment and at least 10,000 jobs. The city also included $1.5 million in fee waivers and a $3.75 million Enterprise Zone nomination. Through that partnership program of the state and a municipality, approved projects are eligible to apply for state sales and use tax refunds on qualified expenditures at the business site. The level and amount of the refund is related to the capital investment amount and number of jobs created, and the Amazon HQ2 project was offered the maximum amount allowed.

“I think our package was competitive to other communities,” said Brandom Gengelbach, executive vice president of economic development for the Fort Worth Chamber of Commerce. “It’s like the Super Bowl; There are lots of bright lights and extra attention, but it’s the same game you’ve played a thousand times before. You don’t win or lose a project on incentives alone. The criteria and approach businesses use to determine a potential expansion or relocation do not change.”

The city offered to reimburse up to 90 percent of incremental taxes on real and business property for 20 years. Tarrant County offered to abate up to 70 percent of those taxes over 10 years.

Fort Worth partners also offered to help secure discounted airfare and a dedicated service and check-in station for Amazon employees at DFW International Airport, and to work with Amazon on the installation of Smart City and Smart Building technology for HQ2.

Seven qualified sites were proposed in Sundance Square, Panther Island, AllianceTexas, Walsh, Clearfork and Overland. Fort Worth touted access to abundant and diverse talent, STEM education efforts and university partners, effortless logistics and multimodal travel, and a community spirit that “defies expectations.”

Going forward, Gengelbach says the region may be using new ideas generated by the Amazon pitch, such as a split headquarters between Dallas and Fort Worth with the Trinity Railway Express commuter rail connecting the two. This approach would leverage the full strength of the DFW metroplex, allow more efficient use of community resources and maximize the region’s labor force.

“We are currently working with more than 60 potential projects for the Fort Worth area that range in employee count and investment, with 25 percent of the pipeline from existing businesses,” he said. “We are also managing projects and doing deals in communities outside of the Fort Worth city limits, communicating with our regional partners almost daily.”

Get articles like this in your inbox weekly. Subscribe to City News

City News

Calendar

Building Standards Commission Pre-Meeting: 9 a.m. Feb. 25, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
View the agenda »

Building Standards Commission: 9:30 a.m. Feb. 25, 2019; Council Chambers, Second Floor, City Hall, 200 Texas Street.
View the agenda »

Trinity Metro Board of Directors Meeting: 3:30 p.m. Feb. 25, 2019; Intermodal Transportation Center, Second Floor Community Room, 1001 Jones Street, Fort Worth, Texas 76102.
View the agenda »

Notice of Drawing for Place on Ballot: 2 p.m. Feb. 26, 2019; Council Chambers, Second Floor, City Hall, 200 Texas Street.
View the agenda »

Canceled City Council Work Session: 3 p.m. Feb. 26, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Fort Worth Housing Solutions Board of Commissioners Regular Meeting: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

Fort Worth Affordability, Inc. Board of Directors Special Meeting: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

QuadCo Management Solutions, Inc. Board of Directors Meeting: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

Housing Development Corporation of Fort Worth Board of Trustees Annual Meeting: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

Wind Terrace, Inc. Board of Directors Annual Meeting: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

Cavile Public Facility Corporation: 5 p.m. Feb. 26, 2019; FWHS Administrative Office, Board Room, 1201 East 13th Street, Fort Worth, Texas.
View the agenda »

Civil Service Commission: 6 p.m. Feb. 26, 2019; Bob Bolen Public Safety Complex, Auditorium, 505 West Felix Street, Fort Worth, Texas 76115.
View the agenda »

Canceled City Council Meeting: 7 p.m. Feb. 26, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.

Metropolitan Area EMS Authority Board of Directors Meeting: 10 a.m. Feb. 27, 2019; MedStar Mobile Healthcare, 2900 Alta Mere Drive, Fort Worth, Texas 76116.
View the agenda »

City Plan Commission Work Session: noon Feb. 27, 2019; City Hall, Second Floor, City Council Conference Room 290, 200 Texas Street.
View the agenda »

City Plan Commission Public Hearing: 1:30 p.m. Feb. 27, 2019; City Hall, Second Floor, City Council Chambers, 200 Texas Street.
View the agenda »

Park & Recreation Advisory Board: 4 p.m. Feb. 27, 2019; Fort Worth Botanic Garden, Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard, Fort Worth, Texas 76107.
View the agenda »

Breakfast at the BAC - Strategies to Research and Target Your Customers: 7:30 a.m. Feb. 28, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
Register for this event »

Fort Worth Professional Fire Fighters Association: 10 a.m. Feb. 28, 2019; IAFF Local 440 Office, 3855 Tulsa Way, Fort Worth, Texas 76107.
View the agenda »

Black History Program at Como Community Center: 6 p.m. Feb. 28, 2019; Como Community Center, 4900 Horne St.

Carroll Street Roundabouts Project Meeting: 6 p.m. Feb. 28, 2019; University of North Texas Health Science Center, Carl E. Everett Education & Administration Building, 3500 Camp Bowie Blvd, Room 506.

Animal Shelter Advisory Committee Meeting: 6:30 p.m. Feb. 28, 2019; Animal Care and Control Center, 4900 Martin Street, Fort Worth, Texas 76119.
View the agenda »

City Resources Workshop: 6:30 p.m. Feb. 28, 2019; Northside Community Center, 1100 NW 18th St.

View the full city calendar and current meetings.