Fort Worth, Texas

Fort Worth is located in north central Texas and is part of the Fort Worth Dallas metropolitan area. The “Metroplex”, 6th-largest market in the United States with a population exceeding 6.7 million, is home to a multitude of major corporate headquarters, manufacturing and distribution facilities. Its airports are among the nation’s finest.

The Fort Worth metropolitan area (PMSA) has a population of 1,680,000 and is composed of three counties: Tarrant, Johnson, and Parker. Barron’s rates Fort Worth as the most undervalued high-growth market. Carter Industrial Park is located in south Fort Worth, roughly 6 miles due south of downtown.

Transportation

Market access has been a key factor in attracting companies to Fort Worth. Because it offers a significant advantage for businesses wanting access to major U.S. and worldwide consumer markets, corporations such as Intel, Nokia, and Fidelity Capital have chosen Fort Worth as a strategic location for investment.

  • Trucks can reach 41 million people within a one-day drive.
  • Many Carter Industrial Park sites are served by the Union Pacific Railroad, which maintains extensive operations in the city and offer good connections to the entire western United States.
  • From Dallas/Fort Worth International Airport, business travelers can reach either coast in 3 hours and major international business centers in one day.
  • Fort Worth Spinks Airport, just south of the park, was developed in 1988 to serve the general and corporate aviation needs of southern Fort Worth, Tarrant County and Johnson County. It has a 6,000 foot asphalt runway equipped with an Instrument Landing System, a passenger terminal and 58,000 square feet of conventional hanger space. In 1999, 84 T-hangers were developed for corporate aircraft and are reaching final stages of construction.

Utilities

Carter Industrial Park is served by:

  • TXU Energy (Electric): (888) 399-5501
  • Atmos Energy (Gas): (877) 460-7067
  • Southwestern Bell Telephone: (800) 499-7928
  • City of Fort Worth: Water (817) 871-8240
  • City of Fort Worth: Sewer (817) 871-8252

Click here to review utility service (and more) for any available site.

Labor

The economic diversity of Fort Worth’s metro area has created substantial pools of skilled and unskilled labor. Employers moving into the area confirm a steady flow of qualified applicants for available positions. Labor costs are competitive, particularly when compared to cities in the northeast, mid-west and west.

Incentives

The City of Fort Worth has a tax abatement policy with the level of abatement negotiated between the firm and the taxing entities. Principal criteria for the abatement include new jobs created and capital investment.

Taxes

Property taxes in Texas are assessed by cities, schools, counties, and special-purpose districts. Current property tax rates in Fort Worth, per $100 of assessed value:

  • City of Fort Worth: $0.855
  • Fort Worth Independent School District: $1.322
  • Tarrant County: $0.264
  • Hospital District: $0.228
  • Tarrant County College District: $0.149
  • Water Improvement District: $0.02
  • Total: $2.838

Note: Carter Industrial Park qualifies for triple freeport status, which can mean significant tax savings.