What’s happening
Denton County and Fort Worth both agreed to tax abatements to support the developments from the Taiwan-based company, which supplies components used in iPhones, notebooks, desktop computers, servers, storage devices and professional displays, according to the release.
Wistron will purchase a site at 15200 Heritage Way from Trammell Crow Co., where it will create 634 full-time jobs, and a second site at 14601 Mobility Way from Hillwood, which will support an additional 254 full-time jobs. In total, the project will generate nearly 900 new jobs with an average base salary of $63,000, according to the agreements.
“Wistron’s $687 million investment and creation of 888 new jobs marks a pivotal milestone for Denton County,” Denton County Judge Andy Eads said in a news release. “This project strengthens our role in the rapidly expanding semiconductor supply chain and brings tremendous economic opportunity to our region. We’re proud to support Wistron’s growth and welcome the innovation and high-quality jobs they bring to North Texas.”
Phil Huang, sales and service director with Wistron and James Glass, ADP compliance solutions director, attended a Denton County Commissioners Court meeting July 10 and accepted a framed proclamation from Gov. Greg Abbott.
“This is Wistron’s first U.S. manufacturing site, so we are very excited,” Huang said. “We look forward to bringing more jobs and more business to Denton County.”
Denton County and the city of Fort Worth competed with El Paso and Fremont, California, for site selection, according to a news release.
The details
According to Fort Worth city documents, a building with at least 324,400 square feet at 15200 Heritage Parkway, which is referred to as Site 1, and a 766,994 square foot building at 14601 Mobility Way at Site 2 will be constructed. Both locations are in Fort Worth Council District 10.
The company must spend a minimum of $80 million in real property improvements for Site 1 on or before June 30, 2026. At least 634 jobs must be provided by Dec. 31, 2026, according to previous reporting.
For Site 2, Wistron must spend $32 million on total construction by June 30, 2026, according to previous reporting. The 254 full-time jobs would need to be provided by Dec. 31, 2026, as well.
What else?
The two projects will result in an estimated $41.39 million in new incremental property tax to the city. With the abatement, the city will receive $10.64 million in new taxes over the 10 years following the project completion, according to Fort Worth city documents.
Under the agreement with Denton County, Wistron will receive a 40% abatement capped at $3 million for Site 1 and a 30% abatement capped at $900,000 for Site 2, each for a period of eight years.
If both sites are completed, the abatement rates increase to 50% for Site 1 and 40% for Site 2, with a combined cap of $5 million over the eight-year term.
