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<\/p>\nThe North American arm of a Germany-based manufacturer of components used in the data center, semiconductor and robotics industries could build a nearly $200M U.S. headquarters in Fort Worth.<\/p>\n
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The Fort Worth City Council<\/a> approved a 10-year tax abatement for a proposed $192.7M manufacturing plant from Harting Connectivity this week. The company is considering Fort Worth and two other locations for the facility, which would serve as its new headquarters and create 700 jobs, according to the Fort Worth Report<\/a>.\u00a0<\/p>\n Harting is a subsidiary of the Germany-based Harting Technology Group, and its current U.S. headquarters is in Illinois. The company produces industrial connectors that transmit power, signals and data for a variety of applications.\u00a0<\/p>\n The decadelong tax abatement would refund up to 65% of the project\u2019s property taxes. City officials estimate the agreement\u2019s value at $6M.\u00a0<\/p>\n \u201cThat comes down to a city participation rate of 3%,\u201d Fort Worth Assistant Economic Development Director Brianna Brown said to council<\/a>. \u201cFor every public dollar that is put in, we get $32 back into the city of Fort Worth for this investment.\u201d<\/p>\n If Harting chooses Fort Worth for the project, the company would be required to spend $31.1M for construction costs on the buildings at 2101 and 2253 Whitebeam Brook St. and 2800 Gosden Close St. by the end of 2027. The remaining $161.6M would go toward equipment for the facility by the end of 2031.\u00a0\u00a0<\/p>\n The company would also agree to spend 30% of its construction costs at small businesses.<\/p>\n Harting didn\u2019t immediately respond to Bisnow\u2019s request for comment, but a spokesperson told the Fort Worth Report that Harting is focused on building the regional capabilities to support its customers.\u00a0<\/p>\n \u201cThis process reflects our long-term strategy to expand localized manufacturing and strengthen our ability to serve industrial customers across North and Latin America,\u201d the spokesperson said.<\/p>\n Fort Worth has been aiming to attract more companies connected to the semiconductor industry in recent years.\u00a0<\/p>\n Taiwanese tech giant Wistron InfoComm Corp. opened its first U.S. manufacturing plant<\/a> in Fort Worth this summer. The $700M facility will manufacture components<\/a> for Nvidia<\/a>‘s artificial intelligence-powered supercomputers.<\/p>\n The company is also working on a second manufacturing facility in the AllianceTexas<\/a> area of Fort Worth.<\/p>\n