Mid City Times

Earlier this week, an economic development incentive for a project by Embraer Aircraft Maintenance Services was presented to City Council for consideration.

Embraer Aircraft Maintenance Services is a subsidiary of Embraer South America, a multinational aerospace corporation based in Brazil. Embraer South America is the largest producer of civil aircraft worldwide, after Boeing and Airbus, and the company’s American headquarters is located in Nashville, Tennessee.

Embraer Aircraft Maintenance Services is proposing the development of a maintenance, repair and overhaul operation for commercial aircraft. This facility would be located at a 16-acre greenfield site owned by Hillwood, near Perot Field Fort Worth Alliance Airport.

As part of the agreement, the company would commit to a capital investment of $57 million. This includes $42 million in real property improvements expected by December 2026 and $15 million in business personal property by January 2027.

The company also plans to create 250 full-time jobs by December 2029 with an expected annual average salary of $67,000 or more. Additionally, 15% of construction costs would go towards business equity firms.

In exchange, the City of Fort Worth would enter into a seven-year tax abatement of up to 50% of the incremental value of both the company’s real and business personal property – estimated at $1.2 million. However, this abatement would be subject to company performance on the commitments listed above; if these commitments are not met, the abatement could be reduced or forfeited.

If approved, the project is expected to generate more than $1.2 million in gross net new taxes for the City within slightly over three years.

The tax abatement will go before the Fort Worth City Council for final consideration on Tuesday, Oct. 15. Incentives for this project are also expected to go before Denton County Commissioner’s Court later this fall.

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