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business9h ago
Two companies considering Fort Worth expansion could bring nearly $1B in investment
- Celestica plans two AllianceTexas sites with a minimum $876 million capital investment and hundreds of new jobs, starting in 2028.
- The first site is already leased; a second site would be at Alliance Center North 6 as Fort Worth competes for the expansion.
- Celestica expects to create 490 jobs by 2028 and 1,225 by 2029 with minimum $75,000 salaries.
- Fort Worth offers a 10-year tax agreement to abate up to 80% of real and business taxes for Celestica.
- Marand would expand to 150 workers by 2030 with an $80,000 average salary.
- Fort Worth would abate 50% of city taxes for Marand under a 10-year agreement.
- Celestica and Marand both face competition as Fort Worth pursues the two expansions.
- The Fort Worth City Council will consider the proposals at its May meeting.
- Celestica would direct 30% of site improvements to small businesses.
- Celestica cites AI growth as a driver for the Fort Worth projects.
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