Fort Worth Moves To Strengthen Hand In Economic Development

Arlington TX

22 February, 2022

6:50 PM

Description

By Bob Francis, Fort Worth Report February 22, 2022 The city of Fort Worth has approved a plan it hopes will provide new funds and strategies to attract companies and high-quality jobs to the area. At its Feb. 22 meeting, the City Council approved an update of the 2017 Fort Worth Economic Development Strategic Plan, along with a strategy that will create additional funds for economic development. The plan calls for the city to dedicate money from expiring Tax Increment Financing districts, a portion of money dedicated to a certain area to improve infrastructure of an area, for economic development. This funding could raise the annual incentive fund balance to somewhere between $15 million to $18 million during the next five years, according to a presentation to the City Council on Feb. 15. To read the full article, click here. Fort Worth Report is a nonpartisan, nonprofit news organization that produces factual, in-depth journalism about city and county government, schools, healthcare, business, and arts and culture in Tarrant County. Always free to read; subscribe to newsletters, read coverage or support our newsroom at fortworthreport.org.