Number of jobs tied to an economic development agreement
Livability | Desired Measure Result: Above Target
Attracting businesses and retaining existing companies in Fort Worth can sometimes involve the city’s decision to provide a certain level of local tax incentives, either through grants or tax abatements. A business entering into a development agreement must commit to adding a certain number of jobs with a minimum wage level and new taxable investment before they earn the incentive. This ensures that they are dedicated to enhancing the overall economic climate of the city, and that the city’s use of incentive programs is productive and well-managed.
Data for this measure is reported in arrears and will be updated as soon as it is available.
Data Source: This data comes from the City of Fort Worth Economic Development Department Annual Incentive Compliance Review, using the Total Jobs, Actual Number and Committee Number.
The actual number of jobs created consistently surpassed the number of jobs committed, which indicates that the use of incentives has positively impacted employment opportunities for the city. Companies are able to meet their goals and bring a larger than expected impact to the Fort Worth economy.
DATA WILL BE PROVIDED JUNE 2019 FOR CY18.