Over $58M Awarded to Advance Fort Worth Rare Earth Magnet Manufacturing Plant
Las Vegas-based MP Materials—which began building the plant in 2022 at Hillwood’s AllianceTexas—plans to produce “”precursor materials” at the facility this summer, and “finished magnets” by late 2025. The critically needed products will be delivered to General Motors to power EVs—and help “bring the supply chain home” to the U.S. A rare earth magnet manufacturing […]
Coffee Roaster & Distributor Farmer Brothers To Move Its HQ From Northlake to Fort Worth
Last June, Farmer Brothers Co. sold its direct ship business for around $100 million, along with its sprawling home across from the Texas Motor Speedway. Now it’s Panther City-bound. Nine months after selling its direct ship business to TreeHouse Foods for roughly $100 million, Northlake-based coffee roaster and distributor Farmer Brothers Co. is moving to […]
Crescent Offices West
Fort Worth-based Crescent Real Estate LLC plans to add more office space to its Crescent Fort Worth mixed-use project. Here’s a first look at the plans.
D-FW leads all metro areas in population growth, adding 152,000 new residents
D-FW grew by the size of a large suburb last year, building on the expansion that saw the region surpass 8 million in population at the start of 2023. For Leigh Ann Ripka, the stars seemed to align. The Lafayette, La., native fell in love with North Texas well before she moved in June 2023. […]
Panther Island Strategic Vision Update Presented to Fort Worth City Council
Pedestrian-friendly, open space, and more infrastructure costs are all in the update. A new recommended strategic vision for the Panther Island project in central Fort Worth was presented to the Fort Worth City Council at its work session last week. HR&A Advisors was engaged last year to help guide the future development of the economic development aspect of the […]
The 2023 Governor’s Cups
A newcomer to the winner’s circle and a 12-time repeat winner explain their strategies for corralling enough capital investment projects to claim the Cups. Maybe it’s a coincidence, or maybe not. But the two states with the highest construction employment increases between December 2022 and December 2023 are the same states claiming the 2023 Governors’ […]
Governor Abbott Announces Launch Of Texas Jobs, Energy, Technology, And Innovation Program
Governor Greg Abbott today announced the opening of applications for the Texas Jobs, Energy, Technology, and Innovation (JETI) program, a new competitive economic incentive tool that will attract new jobs and investments to the state. “The JETI program is a new, transparent economic development incentive tool to help our communities continue to attract transformational capital investments that will […]
Fort Worth plans infrastructure as it leads the country in population growth in 2023
Fort Worth led the country in population growth last year, and now developers are working with the city to make sure there’s room for everyone. As more people move to Fort Worth, the city is planning for additional growth. Some of the last undeveloped land in the city is west of Loop 820. Walsh Companies […]
Is Fort Worth the next Hollywood? Cowtown sees recent boom as location for movies, TV
There’s a mix of factors that has brought some high-profile productions to Fort Worth. FORT WORTH, Texas — Cowtown is ready for its close up. Thanks to a mix of factors that include efforts from the Fort Worth Film Commission, state tax incentives, and favorable business climate, the city has seen a slew of recent […]
Alliance celebrates 35 years with an estimated $120 billion in total economic impact
Now celebrating 35 years, the 27,000-acre AllianceTexas development generated an estimated $9.84 billion in regional economic impact in 2023 and paid almost $344.6 million in property taxes to local governments, according to a new report. “AllianceTexas continues to be a sustainable economic engine for the State of Texas, creating thousands of jobs while serving as […]