FORT WORTH, TEXAS – Each January, Business Facilities, a leading publication for corporate site selectors, recognizes economic development organizations for their work in securing significant corporate relocation, expansion, or retention projects through their Deal of the Year Awards.
This year, the new Siemens manufacturing facility in Fort Worth, Texas, was recognized by Business Facilities editors by awarding it a 2023 Impact Award for Advanced Manufacturing.
Now in its third year, these awards showcase corporate relocation and expansion investments that are having, or are expected to have, a significant impact on the communities in which they are located.
Economic development organizations submitted entries for projects announced or taking place between September 2022 through 2023.
“This year’s Deal of the Year winners represent billions of dollars in capital investment and thousands of jobs for the communities where these companies have chosen to establish operations or to expand on their success,” said Anne Cosgrove, Business Facilities Editorial Director. “The significance of these investments will be seen for years to come. We congratulate the economic development teams that worked to bring these projects to fruition.”
In August, Siemens announced their significant investment in Fort Worth through the creation of a high-tech manufacturing plant. The state-of-the-art building will focus on the production of low-voltage switchgear and switchboards, supporting the increasing global demand for these essential industrial components that power energy-efficient data centers, digital twin technologies, and enable the exponential adoption of generative artificial intelligence (AI).
The Siemens facility in Fort Worth represents nearly 30% of the company’s $500 million investment in critical infrastructure manufacturing in the U.S. in 2023, and a significant portion of the company’s €2 billion global investment plan to increase growth and supply chain resilience for these technologies.
“In the last decade, digital technologies transformed our personal lives and the consumer world. This investment tells us that this is the moment for industry and infrastructure, as the backbone of America’s economy is brought online and billions of things are connected,” said Barbara Humpton, CEO of Siemens USA. “In making this new plant a reality, we’ll create hundreds of high-skilled manufacturing jobs in the region while also modeling the path forward for American manufacturers focused on meeting rising demand for high-tech products and increasing sustainability.”
Fort Worth competed for this project as part of a national selection process, distinguishing itself through the city’s site and facilities offerings, access to labor, training resources and talent pipeline, established industry presence, supportive business environment, and various logistical advantages.
“We’re excited to congratulate Siemens on this 2023 Impact Award, and we appreciate their partnership over the past several months as work gets underway on their new Fort Worth facility,” said Robert Sturns, Director of Economic Development for the City of Fort Worth. “This manufacturing plant is not just transformative for our growing city through jobs and investment, but Siemens’ broader commitment to innovative, technology-driven products are pioneering the next generation of our country’s digital infrastructure.”
The Siemens facility reflects broader efforts by Fort Worth to actively recruit projects that support a reshoring of domestic manufacturing supply chains – especially for critical materials – which can benefit from Fort Worth’s geographic location and world-class logistics infrastructure. This strategic approach by the city has also coincided with the federal government’s prioritization and investment in similar initiatives, especially across smart manufacturing technologies and high-performance computing.
Additionally, the Siemens facility adds to the momentum of Fort Worth’s long-established and quickly-evolving manufacturing cluster, which is driving toward more advanced manufacturing processes and products while leveraging (and adding to) the region’s abundant technical and engineering workforce. Fort Worth’s manufacturing industry produced more than $12 billion of the city’s total gross regional product in 2023, according to data from Lightcast – leading to a significant number of local employees with skillsets in highly-specialized, technology-focused manufacturing positions like those required by Siemens.
“We congratulate Siemens for this 2023 Impact Award and appreciate their significant investment in Tarrant County,” said Chandler Merritt, Tarrant County Administrator. “This high-tech manufacturing facility will bring valuable jobs to the community.”
“We are thrilled to congratulate Siemens on their well-deserved ‘2023 Deal of the Year – Impact Award’ from Business Facilities Magazine. This recognition is a testament to Siemens’ commitment to excellence and innovation, which resonates deeply with the spirit of Fort Worth,” said Robert Allen, CEO of the Fort Worth Economic Development Partnership. “Their success is a shining example of the dynamic and thriving business environment we have in our city.”
The Fort Worth team is also grateful to Mayor Mattie Parker, District 8 Councilmember Chris Nettles, City Manager David Cooke, Jeff Rein of Stream Realty, and the Carter Park East team for their local support for this project.
ABOUT SIEMENS
Siemens Corporation is a U.S. subsidiary of Siemens AG, a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In fiscal 2023, which ended on September 30, 2023, the Siemens Group USA generated revenue of $19.9 billion and employs approximately 45,000 people serving customers in all 50 states and Puerto Rico.
ABOUT THE CITY OF FORT WORTH ECONOMIC DEVELOPMENT DEPARTMENT
The City of Fort Worth Economic Development Department’s broad array of targeted initiatives, public policies, and strategic investments help shape the future of Fort Worth and its economy, in collaboration with community partners. The department’s primary areas of focus include business attraction, revitalization, oversight of real estate financing tools, and support for entrepreneurship, innovation and small business.
ABOUT THE FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP
The Fort Worth Economic Development Partnership is a privately funded non-profit whose mission is to develop economic opportunities through business development and attraction for Fort Worth and the surrounding areas. The FWEDP brings together business and civic-minded leaders committed to accelerating responsible growth for our city.
