{"id":406176,"date":"2026-08-14T04:58:25","date_gmt":"2026-08-14T04:58:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/406176\/"},"modified":"2026-08-14T04:58:25","modified_gmt":"2026-08-14T04:58:25","slug":"fort-worth-approves-millions-for-mach-industries","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/406176\/","title":{"rendered":"Fort Worth Approves Millions for Mach Industries"},"content":{"rendered":"

Fort Worth is trying to get defense technology Mach Industries to put down roots at Alliance Gateway 34<\/a> with millions in tax breaks.\u00a0<\/p>\n

Mach Industries didn\u2019t respond in time for publication on whether they\u2019d be moving forward with their plans for a 310,036-square-foot drone factory, according to the Dallas Business Journal<\/a>. However, the outlet cited a Holt Lunsford second-quarter report and an email from Cody Gibbs, director of market analytics in the Dallas-Fort Worth metro for CoStar, that said Mach has already signed a lease in the development, which is expected to be completed in September.\u00a0<\/p>\n

The incentives package that Fort Worth greenlit includes a 10-year tax break for Mach worth up to $4.5 million, provided they invest a total of $74 million in equipment and real estate. The company is also required to reach 600 jobs with a $67,470 salary minimum, and could have benefits reduced if it doesn\u2019t maintain 1,000 local jobs.\u00a0<\/p>\n

Alliance Gateway 34 is part of Hillwood\u2019s<\/a> AllianceTexas Fort Worth development<\/a>, a 27,000 acre master planned office, retail and industrial space. Private developers have thrown around $14 billion in the pot since the development began 35 years ago, and previous reporting pegged the economic impact at $130 billion with 66,000 jobs created.\u00a0<\/p>\n

Mach is a relatively new kid<\/a> on the block compared to other defense companies that either call the Dallas-Fort Worth metroplex home to their headquarters or have a presence there. Lockheed Martin operates a building in suburban Grand Prairie, RTX (formerly Raytheon) has a campus in Richardson where it employs 6,000 and Bell Flight has a headquarters in Fort Worth.\u00a0<\/p>\n

Mach raised a $300 million series C funding round at a $1.8 billion valuation this June, according to the outlet, and its backers include like Bedrock Capital and Sequoia Capital.\u00a0<\/p>\n

\u2014 Hunter Cooke<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Hillwood\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Hillwood scores refi at fully leased AllianceTexas warehouse<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Hillwood\u2019s\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Hillwood plans $140M warehouse expansion within AllianceTexas<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Hillwood\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Hillwood offloads Alliance apartment complex amid Cowtown boom<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Fort Worth is trying to get defense technology Mach Industries to put down roots at Alliance Gateway 34…\n","protected":false},"author":2,"featured_media":406177,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[116,118,117],"class_list":["post-406176","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-fort-worth","tag-fort-worth-headlines","tag-fort-worth-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/406176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=406176"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/406176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/406177"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=406176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=406176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=406176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}