The Fort Worth area added more than 15,000 jobs through the city’s economic development incentives last year with private investment totaling $4.6 billion.
While Fort Worth businesses received more than $191.6 million in construction and services spending, far above what was required, incentive agreements missed the mark on spending with minority or women-owned companies, according to a city report released this week. The report from the city’s economic development office looked at projects that received tax abatement or other incentives in fiscal year 2019. The city provided a little more than $30 million in abatement or other incentives and netted about $16.4 million in new taxes.
Robert Sturns, the city’s economic development