A Canadian electronics company plans to invest at least $876 million into a Fort Worth manufacturing site that could create nearly 2,000 jobs.
Celestica, a leading provider of data center equipment and infrastructure, said it will expand its North Texas footprint by building a more than 1-million-square-foot campus in AllianceTexas, the 27,000-acre development from Ross Perot Jr.’s Hillwood firm.
The announcement comes after Fort Worth City Council approved incentives for the advanced electronic manufacturing facilities at 15301 N. Beach St. and 15500 N. Beach St. near Perot Field Fort Worth Alliance Airport.
Celestica’s project is expected to create a minimum of 1,715 jobs and a minimum average salary of $75,000. The electronics company had a lease in place for one site in AllianceTexas, but the incentives were sought to expand its operations in Fort Worth.
The agreement is an 80% abatement of incremental city real and business property taxes if the job and investment guidelines are met.
City staff estimates the value of the incentive package at $41.7 million, and city leaders expect to receive $10.4 million in net tax revenue over 10 years, according to an April 28 presentation.
“This investment reflects the incredible momentum of our business and the growing demand from customers for U.S.-based capabilities supporting advanced technology solutions,” Yann Etienvre, Celestica’s chief operations officer, said in a statement. “This new capacity is highly strategic and aligns our long-term growth plans with customer roadmaps and multi-year infrastructure investments already underway.”
City economic officials referred to the development as a megaproject. The potential capital investment behind the project is roughly 40% higher than Bell Textron Inc’s aircraft manufacturing facility announced in 2024.
Mike Berry, president of Hillwood, said Celestica’s expansion demonstrates Fort Worth’s position as an advanced manufacturing hub. Hillwood announced earlier this year that the speculative industrial pipeline at AllianceTexas had hit its highest level in the firm’s history.
“This investment reflects the strength of Fort Worth’s infrastructure platform, reliable power capacity, strong workforce pipeline and collaborative business environment, all of which continue to attract global companies building for the future,” he said in a statement.
Celestica is based in Toronto with 42 locations and more than 29,500 employees worldwide. The company is on the preferred suppliers of ethernet switches and other equipment that tech giants need to construct their AI data centers.