The company would partner with a third-party company to lease a 1.2 million-square-foot distribution space at 16101 Wolff Crossing, Northlake, located west of the Texas Motor Speedway. Carhartt will invest in personal property and fit the facility with equipment and machinery.
Job positions will be filled locally and have a salary of more than $55,000, said Cherie Gordon of Fort Worth’s economic development department during a Fort Worth City Council work session March 7.
Carhartt also proposed a seven-year tax abatement on up to 75% of the company’s business personal property during the work session.
The tax abatement percentage was estimated based on the business personal property taxable appraised value of $50 million, the average annual salary for full-time jobs of $55,000 and overall employment.
Fort Worth City Council members will review and vote on the proposal April 11. If approved, it could provide the company with up to $2 million in tax abatements.
Carhartt is a family-owned business founded in 1889. Headquartered in Dearborn, Michigan, the company exists to “serve and protect hardworking people,” according to its website. With more than 30 store locations nationwide, the company employs 5,500 employees.
