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Fort Worth releases Amazon HQ2 incentive package

Posted Nov. 30, 2018

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.”

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Trinity Metro Public Hearing for Proposed New Route : noon Dec. 11, 2018; Intermodal Transportation Center, Second Floor, Community Room, 1001 Jones Street.
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Canceled Audit Committee: 1 p.m. Dec. 11, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled Infrastructure & Transportation Committee: 2 p.m. Dec. 11, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Legislative and Intergovernmental Affairs Committee: 2:30 p.m. Dec. 11, 2018; City Hall, second floor, City Council Conference Room 290, 200 Texas Street.
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City Council Work Session: 3 p.m. Dec. 11, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Meeting: 7 p.m. Dec. 11, 2018; Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Notice of Public Hearing - Prairie Dog Park: 7 p.m. Dec. 11, 2018; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Notice of Public Hearing - Forest Park: 7 p.m. Dec. 11, 2018; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Notice of Public Hearing - Trinity Park: 7 p.m. Dec. 11, 2018; City Council Chambers, Second Floor, City Hall , 200 Texas Street.
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Workforce Solutions of Tarrant County Board of Directors: 9 a.m. Dec. 12, 2018; The Amon Carter Center at Lena Pope, 3200 Sanguinet Street.
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Zoning Commission Work Session: 11:30 a.m. Dec. 12, 2018; City Hall, Second Floor, Council Conference Room 290, 200 Texas Street.
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Fort Worth Professional Fire Fighters Association Collective Bargaining Negotiations: 1 p.m. Dec. 12, 2018; IAFF Local 440 Office, 3855 Tulsa Way.
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Zoning Commission Public Hearing: 1 p.m. Dec. 12, 2018; City Hall, Second Floor, Council Chambers, 200 Texas Street.
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Wholesale Water and Wastewater Advisory Committee: 2:30 p.m. Dec. 12, 2018; Rolling Hills Water Treatment Plant, 2500 SE Loop 820.
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Park and Recreation Advisory Board: 4 p.m. Dec. 12, 2018; Fort Worth Botanic Garden, Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard.
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Stormwater Management Public Meeting Early Flood Warning System Grant: 6 p.m. Dec. 12, 2018; Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave, Room 105.

City's Consolidated Annual Performance and Evaluation Report (CAPER) Public Hearing: 6 p.m. Dec. 12, 2018; Fort Worth City Hall, 200 Texas Street - City Council Conference Room 290.

Community Development Council: 6:15 p.m. Dec. 12, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Tarrant County Adult Education & Literacy Consortium Meeting: 9:30 a.m. Dec. 13, 2018; Workforce Development Board Offices, Suite 600, Large Conference Room, 1230 S. University Drive.
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Holiday Party at Handley Meadowbrook Community Center: 10 a.m. Dec. 13, 2018; Handley Meadowbrook Community Center, 6201 Beaty St.

Mayors Committee on Persons with Disabilities: 10 a.m. Dec. 13, 2018; Hazel Harvey Peace Center for Neighborhoods, Room 201 A B, 818 Missouri Avenue.
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Holiday Senior Pancake Breakfast at Greenbriar Community Center: 10 a.m. Dec. 13, 2018; Greenbriar Community Center, 5200 Hemphill.

Regional Transportation Council : 1 p.m. Dec. 13, 2018; North Central Texas Council of Governments, First Floor, Transportation Council Room, 616 Six Flags Drive, Arlington, TX 76011.
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Community Action Partners Council: 1:30 p.m. Dec. 13, 2018; Fort Worth City Credit Union, First Floor, Board Room, 2309 Montgomery Street.
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Fort Worth Housing Solutions Board of Commissioners: 5 p.m. Dec. 13, 2018; FWHS Administrative Office Board Room, 1201 East 13th Street.
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Intersection Improvements Basswood at U.S. 377 and Kroger Drive at U.S. 377 Project Meeting: 6 p.m. Dec. 13, 2018; Alliance United Methodist Church, 7904 Park Vista Blvd.

Minority and Women Business Enterprise Advisory Committee: 11:30 a.m. Dec. 14, 2018; James E. Guinn Building, First Floor, Pharma Fab Conference Room #116, 1150 South Freeway.
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Holiday Movie Night at North Tri Community Center: 6 p.m. Dec. 14, 2018; North Tri-Ethnic Community Center, 2950 Roosevelt Ave.

Code Rangers: 9 a.m. Dec. 15, 2018; Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave.

Rolling Town Hall: 10 a.m. Dec. 15, 2018; Chesapeake Plaza, 100 Pier 1 Plaza.

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