Economic Development InTarrant County

United Way Economic Summit

February 13, 2014

Lisa McMillan, Economic Development Coordinator, Tarrant County

Tarrant County at a Glance 864 square miles

41 municipalities

2013 Population -1,850,370 2010 – 1,809,034 2000 – 1,449,290

Total Employment – 929,970

Dec. 2013 Unemployment Rate Tarrant 5.3% Texas 5.6% U. S. 6.5%

Total Appraised Value 2013 - $158,238,342,804 2010 - $147,781,930,865 2000 - $ 82,135,568,627

County Judge and Commissioners

County Judge B. Glen Whitley

Precinct 1 Roy C. Brooks

Precinct 2 Andy H. Nguyen

Precinct 3 Gary Fickes

Precinct 4 J.D. Johnson

County’s Role In Economic Development

Partner with Entities in Tax Incentives

Facilitate Transportation and Infrastructure

Encourage Regional Cooperation

Provide Basic “Quality of Life” Services

Promote Community Development

Assist with Job Training/Workforce Skills

Tarrant County’s ED Toolbox Tax Abatement Tax Increment Financing Transportation Infrastructure Development Public Improvement Districts Historical Site Exemption Freeport Exemption Foreign Trade Zone Designation Enterprise Projects/Zones Job Training Programs Tax-Exempt Bonds

Tax Abatement 75 Abatements since 1989 22 Active 2 to 3 per year Approx. $2.6 billion in new investment Over 28,000 jobs retained/added Variety of Project Types

Manufacturing, Office, Warehouse, Distribution, Data/Call Center, Retail, Hospitality, Housing

Abated Value less than 0.5% of total value

Evaluation Criteria for Tax Abatement

Broad to encompass all cities Investment - $5 M new; $3 M expansion Jobs – 25 new; retain for existing No relocation from within County Tarrant County employment – 25% Contracting – 25% TC; 15% DBE Other: Health Care & Benefits; Job Types &

Salaries; Diversity; Environmental; Community

Recent Abatement Projects Deloitte U – Westlake - $175 M; 500 jobs; 65%

BCBS TX – Ft. Worth - $175 M; 130 jobs; 50%

GM Plant - Arlington - $254 M; 2300 jobs retained, 110 new; 70%

GM Stamping Facility – Arlington - $200 M; 200 jobs; 70%

Bell Helicopter – Ft. Worth - $235 M; 4500 jobs retained; 70%

Horizon Milling – Saginaw - $38 M; 84 jobs retained; 40%

Carolina Beverage – Ft. Worth - $45 M; 225 jobs; 50%

NGC – Fort Worth - $96 M; 150 jobs; 60%

Other Recent Announcements

Walmart Distribution Center – 400 jobs

Amazon Distribution Center - 1,000 jobs

Flextronics/Motorola Mobility – 3,000 jobs

FAA - 1,300 jobs

Vought Aircraft Division – 500 jobs

Tax Increment Financing Incremental tax dollars gained from new development

value pay for public improvements within a set zone

TIF Districts: Value Added

34 TIF Districts

18 MunicipalitiesArlington Grand Prairie

Benbrook Keller

Burleson Kennedale

Colleyville Mansfield

Crowley N Richland Hills

Euless Richland Hills

Everman Sansom Park

Fort WorthSouthlake

GrapevineTrophy Club

New Development

Redevelopment

Fund Public Projects Roads/Bridges/Parking Water/Sewer/Drainage Sidewalks/Landscaping Public Facilities/Spaces

Real Property Increment Value - $4.2 billion

Transportation Infrastructure Improving Access and Mobility

Transportation Bond Program

D/FW Connector

North Tarrant Express

Chisholm Trail Parkway

I-35 Corridor Improvements

Hwy 360 Development

TEX Rail

High-Speed Rail

ED Impact for Non-Profits

Additional Assistance & Reduced NeedStable and Growing EconomyGood Jobs; Low UnemploymentAdded Corporate DonationsEmployee Giving and VolunteerismNeighborhood/Community RevitalizationProvision of Healthcare and BenefitsHousing OpportunitiesTransportation Options

Company Impacts in Community General Motors

Annual community grants/donations $100,000 in toys annually to Mission Arlington Other Local Assistance to:

American Heart Association March of Dimes Arlington ISD Foundation Arlington ISD GreenRoark Elementary Tarrant County Food BankParkview Neighborhood Assoc Big Brothers Big SistersAmerican Cancer Society Make-A-Wish FoundationAmerican Red Cross River Legacy FoundationUnited Way of Tarrant County Mission ArlingtonHabitat for Humanity Junior Achievement Making Strides Against Breast Cancer

Company Impacts in Community

Bell Helicopter

$1.25 M annual corporate giving $600 annual employee giving Local Assistance to:

United Way USO at DFW AirportRed Cross 6 StonesHabitat for Humanity Special OlympicsSnowball Express Toys for TotsTarrant County Food Bank Communities in SchoolsHEB Education Foundation Texas State GuardFWISD Robotics Program Ft. Worth Air Power Foundation

“We make a living by what we get. We make a life by what we give.”

― Winston Churchill

Lisa McMillan

Economic Development Coordinator

Tarrant County Administrator’s Office

lmcmillan@tarrantcounty.com

817-884-2643