HomeMy WebLinkAbout6223-12-2025 - City Council - ResolutionA Resolution
NO. 6223-12-2025
AMENDING THE ECONOMIC DEVELOPMENT PROGRAM POLICY AS
AUTHORIZED BY CHAPTER 380,
TEXAS LOCAL GOVERNMENT CODE
WHEREAS, the City of Fort Worth ("City") has established the Economic Development
Department to, among other things, administer programs that further the public purposes of development
and diversification of the City's economy, the elimination of unemployment and underemployment in the
City, and the development and expansion of commerce in the City;
WHEREAS, in accordance with the most recently adopted Comprehensive Plan, and consistent
with previous Comprehensive Plans, the City has committed to use custom -designed incentives and
partnership programs with private businesses on a case -by -case analysis of individual projects to help
ensure the growth and diversification of the local economy;
WHEREAS, Chapter 380 of the Texas Local Government Code ("Chapter 380") authorizes the
governing body of a municipality to establish and provide for the administration of one or more programs
for making loans and grants of public money and providing personnel and services of the municipality to
promote state or local economic development and to stimulate business and commercial activity in the
municipality (a "Chapter 380 Economic Development Program");
WHEREAS, on January 29, 2019, the City Council adopted Resolution No. 5039-01-2019, a
Chapter 380 Economic Development Program, to be governed by the Economic Development Program
Policy ("Policy"), which constitutes the guidelines, criteria, and procedures governing the City's provision
of economic grants authorized by Chapter 380;
WHEREAS, on June 16, 2020, the City Council adopted Resolution No. 5241-06-2020, amending
Section 6 of the Chapter 380 Economic Development Program and Policy relating to the eligibility
requirements for research and development projects;
WHEREAS, on January 26, 2021, the City Council adopted Resolution No. 5338-01-2021, to
further amend the Policy to (1) incorporate the City's Business Diversity Ordinance; (2) increase the
minimum average annual salary; (3) revise the eligibility requirements for catalytic development projects
and redevelopment projects on central business district surface parking lots; and (4) address general
clerical matters;
WHEREAS, on March 21, 2023, the City Council adopted Resolution No. 5722-03-2023, to
further amend the Policy to (1) update target sectors; (2) clarify and revise criteria for grant eligibility; (3)
include certain references to the Economic Development Initiatives Fund; and (4) address general clerical
matters;
WHEREAS, on April 22, 2025, the City Council adopted Resolution No. 6086-04-2025, to further
amend the Policy to (1) increase the minimum required average salary from $55,000 to $60,000; (2)
require certain proof of project funding; (3) to update the list of Fort Worth Target Areas; (4) remove
certain unused or obsolete programs and provisions; and (5) address general clerical matters;
WHEREAS, on August 5, 2025, the City Council adopted Resolution No. 6126-08-2025, to
further amend the Policy to repeal and replace Section 5.1 of the Policy; and
WHEREAS, the City Council desires to further amend the Policy to (1) provide eligibility criteria
for certain boutique hotels; (2) amend requirements for affordable housing to include funding for the Fort
Worth Housing Finance Corporation; and (3) delegate authority to the City Manager to amend certain
commitments provided for under an Economic Development Program agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
1. The Policy, as further amended, a copy of which is attached hereto as Exhibit A and
incorporated herein by reference, is hereby adopted and effective on December 9, 2025.
2. This Resolution will take effect on the date of its adoption.
ADOPTED this 9th day of December, 2025.
ATTEST:
By:
Jannette S.Goodall, City Secretary
d FORr����
��. o oo� 0,
~0 0A
�00 �_�
0 0
0
% 1 00 000�
���� nEXAsa�a
EXHIBIT A
City of Fort Worth
Economic Development Program Policy
for Grants and Loans Authorized by Chapter 380,
Texas Local Government Code
Effective December 9, 2025
i. GENERAL PROVISIONS.
1.1. Purpose
Chapter 380 of the Texas Local Government Code authorizes the City Council to
establish and provide for the administration of one or more programs, including programs for the
making of loans and grants of public money and providing personnel and services of the City, to
promote economic development. This Policy is intended to establish a program and set forth
guidelines and criteria for persons or entities interested in receiving economic development
program grants or loans (collectively, "380 Incentive") and other support from the City pursuant
to Chapter 380 of the Texas Local Government Code ("Economic Development Program").
1.2. General Eligibility Criteria
The terms and conditions of any 380 Incentive will be set forth in an Economic
Development Program Agreement (an "EDPA"). Although the City will consider all
applications for 380 Incentives that meet the eligibility requirements set forth in this Policy, it is
especially interested in supporting projects that are expected to produce a meaningful impact on
the City and its economy and that result in one or more of the following:
• Growth of business activity, employment, or investment in one of the City's identified Target
Industries;
• Creation of high -wage jobs;
• Significant Investment;
• Growth of business activity, employment, or Investment in the Central Business District;
• Revitalization with likelihood of ancillary development in a key employment node or
specifically designated area of the City;
• Retention or expansion of an existing major employer; or
• Anchoring of a business expansion project with potential to generate additional supply chain
activity.
1.3. Tareet Sectors
While the City is open to discussion on potential incentive opportunities for a variety of
industries, the City is particularly interested in developing certain target sectors (each defined
herein as a "Target Sector"). These Target Sectors have been specifically identified by the City
for their strategic value in helping to strengthen, diversify, and advance the City's economy:
City of Fort Worth 380 Incentives Policy Page 1 of 26
• Mobility — Automotive & Transportation Manufacturing, Vehicle Technologies,
Micromobility, Vertical Takeoff and Landing (VTOL) and Electric Flight, Transportation
Services, Logistics Technologies and Management
• Aerospace & Defense — Aerospace Manufacturing and Design, Federal Government,
Information Technology and Analytical Instruments
• Energy — Alternative Energy Generation, Alternative Energy Equipment, Energy Storage
and Distribution, Oil and Gas Management, Oil & Gas Technology, Smart Building Systems
• Culture — Hospitality and Tourism, Performing Arts, Film, Local Hospitality and
Independent Venues
• Anchors & Innovators — Corporate Headquarters, Engineering, Financial Services,
Professional Services, Colleges and Universities, Research Organizations,
Biopharmaceutical Products and Medical Technologies, Hospitals, Computer and
Information Services
2. DEFINITIONS: See Exhibit "A"
3. PROGRAM FOCUS I: STRATEGIC INDUSTRIES.
A core responsibility of the City under its Economic Development Program and through related
economic development activities, focuses on identifying, evaluating, and providing targeted
support to opportunities in key industries that play a highly strategic role in Fort Worth's regional
economy now and in the future. These strategic industries strengthen the economic and industrial
base of the community and allow for Fort Worth to ensure that it is well positioned for long-term
economic competitiveness. The following programs are administered by the City's Economic
Development Department ("Department") as part of this Economic Development Program to
deliver targeted support to desired projects. This support is delivered to increase the attractiveness
of Fort Worth as a destination for desired investment and industry growth or to offset certain
competitive disadvantages that might otherwise prevent, stall, or curtail growth in the targeted
industry.
3.1. ELIGIBILITY REOUIREMENTS FOR TARGET SECTOR PROJECTS.
To be considered for a 380 Incentive, a Target Sector project must commit to a minimum
investment of at least $25 million and the creation of new full-time jobs that meet a minimum
annual average wage of at least $60,000 (with the understanding that the City may require higher
commitments as determined on a project -by -project basis in full view and consideration of the
specific project deliverables, anticipated impact, and market environment).. The amount of a
380 Incentive will be based on a percentage of annual tax revenues that the City receives in a
particular year, including ad valorem taxes on real property, ad valorem taxes on Business
Personal Property, local sales taxes directly attributable to the project, or some combination
thereof. The percentage of ad valorem taxes will be based on the maintenance & operations
(M&O) tax rate of the City. The table below establishes the maximum percentage of annual tax
City of Fort Worth 380 Incentives Policy Page 2 of 26
revenues on which 380 Incentives to Target Sector projects will be based, in correlation with
minimum Investment and employment levels:
Requirements for Target Sector Industries
Maximum
Jobs
$70 M +
$55 M -$70 M
$40 M - $54 M
$25 M - $39 M
Term
Required
Investment
Investment
Investment
Investment
3 - 5 years
50 —100
40 % Incentive
40 % Incentive
40 % Incentive
40 % Incentive
6 — 7 years
100 — 250
50 % Incentive
50 % Incentive
50 % Incentive
N/A
8 — 9 years
250 - 400
60% Incentive
60% Incentive
N/A
N/A
10 years
400 +
70% Incentive
N/A
N/A
N/A
Any Target Sector Industry Project with Capital Investment over $100 million and the
creation of over 500 jobs exceeding the minimum annual average wage of at least $60,000 (with
the understanding that the City may require higher commitments as determined on a project -by -
project basis in full view and consideration of the specific project deliverables, anticipated
impact, and market environment) will be eligible for an 80% 380 Incentive for a period of up to
15 years.
All Target Sector Industry Projects will be subject to a requirement to demonstrate hiring
practices that prioritize recruitment and employment of Fort Worth Residents and must
demonstrate a "Good Faith Effort" to have at least thirty percent (30%) of employees associated
with the project as Fort Worth Residents.
3.2. ELIGIBILITY CRITERIA FOR GENERAL PROJECTS.
Unless a project meets one of the other minimum eligibility criteria set forth in this Policy,
in order to be considered for a 380 Incentive, an applicant must commit to a minimum Investment
of at least $25 million and creation of new full-time jobs that meet a minimum annual average
wage of at least $60,000 (with the understanding that the City may require higher commitments
as determined on a project -by -project basis in full view and consideration of the specific project
deliverables, anticipated impact, and market environment).
The amount of a 380 Incentive will be based on a percentage of annual tax revenues that
the City receives in a particular year, including ad valorem taxes on real property, ad valorem
taxes on Business Personal Property, local sales taxes directly attributable to the project, or some
combination thereof. The percentage of ad valorem taxes will be based on the maintenance and
operations ("M&O") tax rate of the City. The table below establishes the maximum percentage
of annual tax revenues on which 380 Incentives to General Sector Industry Projects may be
eligible, in correlation with minimum Investment and employment levels:
City of Fort Worth 380 Incentives Policy Page 3 of 26
Requirements for General Sector Industries
Maximum
Jobs
$70 M +
$55 M -$70 M
$40 M -$54 M
$25 M -$39 M
Term
Required
Investment
Investment
Investment
Investment
3 - 5 years
50 —100
20 % Incentive
20 % Incentive
20 % Incentive
20 % Incentive
6 - 7 years
100 — 250
30 % Incentive
30 % Incentive
30 % Incentive
N/A
8 - 9 years
250 - 400
40% Incentive
40% Incentive
N/A
N/A
10 years
400 +
50% Incentive
N/A
N/A
N/A
Any General Sector Industry Project with Capital Investment over $100 million and the
creation of over 500 jobs exceeding the minimum annual average wage of $60,000 will be
eligible for a 60% 380 Incentive for a period of up to 15 years.
All General Sector Industry Projects will be subject to a requirement to demonstrate
hiring practices that prioritize recruitment and employment of Fort Worth Residents and must
demonstrate a "Good Faith Effort" to have at least thirty percent (30%) of employees associated
with the project as Fort Worth Residents.
3.3. ELIGIBILITY REQUIREMENTS FOR EXISTING BUSINESS EXPANSION
PROJECTS.
The City desires to support the growth of business currently located in the City. In order
to be considered for 380 Incentives, an Existing Business expansion project that is not eligible
for 380 Incentives elsewhere in this Policy must commit to a minimum Investment of at least $10
million and creation of at least 25 new full-time jobs.. The amount of a 380 Incentive under this
Section will be based on a percentage of annual tax revenues that the City receives in a particular
year, including ad valorem taxes on real property, ad valorem taxes on Business Personal
Property, local sales taxes directly attributable to the project, or some combination thereof, not
to exceed 80%. The percentage of ad valorem taxes will be based on the M&O tax rate of the
City.
Requirements for Business Expansion Projects
Maximum
Jobs
$55 M +
$40 M -$54 M
$25 M -$39 M
$10 M -$24 M
Term
Required
Investment
Investment
Investment
Investment
3 - 5 years
50 —100
50 % Incentive
20 % Incentive
20 % Incentive
20 % Incentive
6 - 7 years
100 — 250
60 % Incentive
30 % Incentive
30 % Incentive
N/A
8 - 9 years
250 - 400
70% Incentive
40% Incentive
N/A
N/A
10 years
400 +
80% Incentive
N/A
N/A
N/A
All Existing Business expansion projects will be subject to a requirement to demonstrate
hiring practices that prioritize recruitment and employment of Fort Worth Residents and must
demonstrate a "Good Faith Effort" to have at least thirty percent (30%) of employees associated
with the project as Fort Worth Residents.
City of Fort Worth 380 Incentives Policy Page 4 of 26
3.4. ELIGIBILITY REOUIREMENTS FOR SUPPLIERS OF ESTABLISHED
TARGET SECTOR EMPLOYERS.
The City desires to strengthen and further the growth of target sector clusters in
Fort Worth and to promote a stronger business environment for major established employers that
are currently located in the City. As such, a project completed by or for the supplier of critical
materials, components, or services for an established Target Sector company ("Supplier") that (i)
has a corporate or regional headquarters that is located in Fort Worth and (ii) employs at least
3,000 people at its Fort Worth facilities, will be eligible for a Ch. 380 Incentive. To be eligible,
a Supplier project must commit to a minimum Investment of at least $10 million and the creation
of at least 25 new full-time jobs with a minimum annual average employee Salary at least $60,000
(with the understanding that the City may require higher commitments as determined on a
project -by -project basis in full view and consideration of the specific project deliverables,
anticipated impact, and market environment).
The amount of a Ch. 380 Incentive under this Section will be based on a percentage of
annual tax revenues that the City receives in a particular year, including ad valorem taxes on real
property, ad valorem taxes on Business Personal Property, local sales taxes directly attributable
to the project, or some combination thereof, not to exceed 50%. The percentage of ad valorem
taxes will be based on the M&O tax rate of the City.
Requirements for Suppliers of Established Target Sector Employers
Maximum Jobs $55 M + $40 M -$54 M $25 M - $39 M $10 M - $24 M
Term Required Investment Investment Investment Investment
3 - 5 years 25 — 100 45 % Incentive 40 % Incentive 35 % Incentive 30 % Incentive
6 - 10 years 100 + 50 % Incentive 45 % Incentive 40 % Incentive N/A
3.5. ELIGIBILITY REOUIREMENTS FOR MEGA PROJECTS.
A "Mega Project" can be within any industry; however, the City is especially interested
in Fortune 1,000, Fortune Global 500, or Inc. 5000 designated firms, pursing development or
redevelopment opportunities within the City. Projects granted this designation must commit to at
least one of the following (with the exception of data centers or other unique low employment/high
capital investment projects which must have a minimum investment of $50 million):
Commits to a minimum Investment of at least $250 million;
Commits to hire at least 1,500 full-time employees; or
Commits to a minimum annual payroll of at least $150 million.
The amount of a 380 Incentive under this Section will be based on a percentage of annual
tax revenues that the City receives in a particular year, including ad valorem taxes on real property,
ad valorem taxes on Business Personal Property, local sales taxes directly attributable to the project,
or some combination thereof, not to exceed 85%. The percentage of ad valorem taxes will be
based on the M&O tax rate of the City.
City of Fort Worth 380 Incentives Policy Page 5 of 26
To be eligible, a Mega Project must commit to a minimum annual average employee
Salary level of at least $60,000 (with the understanding that the City may require higher
commitments as determined on a project -by -project basis in full view and consideration of the
specific project deliverables, anticipated impact, and market environment).
Additionally, or as an alternative to the 380 Incentives that are based on a percentage of
annual tax revenues, qualified projects may be eligible to receive a grant of cash funds from the
Economic Development Initiatives Fund ("EDIF") in accordance with the EDIF Policy.
3.6 FILM PROJECTS AND PROMOTION
The City recognizes the direct and indirect impacts produced by Film production,
including the ability for such projects to increase the profile and visibility of the community on
a national and international stage. The City therefore seeks to support efforts to attract and
produce such projects through targeted programs and partnerships.
3.6.1. FILM ATTRACTION AND FILM INDUSTRY PROMOTION.
Certain partnerships with Fort Worth -based government or non-profit
organizations involved in the promotion of Fort Worth to the Film industry, the attraction
of individual Film projects, or other support to Film projects located in Fort Worth, will
be eligible, subject to approval by the City Council, to receive certain 380 Incentives
funded by the EDIF, subject to requirements and limitations specified under contract.
3.6.2 FILM PRODUCTION.
Film projects qualifying for support through the Texas Moving Image Industry
Incentive Program (TMIIIP) will be eligible for consideration for certain 380 Incentives,
provided that major production activities relating to the project occur in Fort Worth. The
380 Incentives for Film production projects will be based on a percentage not to exceed
50% of annual tax revenues that the City receives in a particular year during film
production, including ad valorem taxes on real property, ad valorem taxes on Business
Personal Property, local sales taxes directly attributable to the project, or some
combination thereof. The percentage of ad valorem taxes will be based on the
maintenance & operations (M&O) tax rate of the City. Film production projects that
receive 380 Incentives will be required to make certain commitments relating to (i) local
supply and services for the project, (ii) local hiring for film production (i.e. extras, crew,
etc.), and (iii) the featuring of Fort Worth in the final edit of the film or series in a manner
that positively promotes the image of the community and in a manner that is clearly
identifiable as Fort Worth.
3.7 TEMPORARY OFFICE SPACE
For any projects that meet the eligibility criteria set forth in Sections 3.1-3.4 of this Policy,
the City may, in its sole discretion, provide applicants with certain temporary office space for a
limited period of time during the construction of the applicant's new facilities for the project.
City of Fort Worth 380 Incentives Policy Page 6 of 26
Such temporary office space may be provided to the applicant without charge, subject to certain
terms and conditions. Details and total value will be subject to final negotiations.
3.8. PROJECT FACILITATION.
The City recognizes the importance of moving expeditiously through necessary site
review and permitting processes for any new development, relocation, or expansion. The urgency
of such processes is particularly important to competitive projects or those that face specific
challenges with respect to project timeline. To ease project design efforts and to reduce associated
time requirements for projects that are designated for enhanced project facilitation by the
Department, certain staff time and other City resources may be specifically allocated to a project
("Project Facilitation"). Depending on the project, this might involve direct support by senior -
level City staff beyond that which would be typically provided to other projects. In all cases in
which a project has been designated for such treatment, projects will have a dedicated Project
Facilitator in the Development Services Department who is trained in guiding construction
projects throughout the permitting and development process.
4. PROGRAM FOCUS II: FOUNDATIONAL COMPETITIVENESS.
A second core responsibility of the City under its Economic Development Program and through
related economic development activities, focuses on ensuring a strong foundation for the local
economy, including a sound and competitive business environment with infrastructure,
institutions, and a built environment capable of supporting sustainable long-term growth for the
benefit of the entire community. While these interests may be advanced by the broader efforts of
the City, as a whole, the following targeted programs are designed to address specific near- and
long-term needs that, when addressed, will provide a stronger foundation for a more competitive
local and regional economy.
4.1. CENTRAL BUSINESS DISTRICT PROGRAMS
The Central Business District ("CBD") represents a unique area of the community that
plays a highly distinct role in the overall health and operation of the City's local and regional
economy. As commonly found in other major cities throughout the United States, the CBD serves
as the primary commercial center of the community, plays an important role in shaping the
community's identity, culture, and brand, and produces spillover effects for all portions of the City.
Therefore, programs that provide targeted support to the CBD are both necessary in response to its
unique circumstances and desirable for the near -term and long-term impact that can be produced
for the City, as a whole.
4.1.1. ELIGIBILITY REOUIREMENTS FOR CERTAIN TARGET SECTOR
PROJECTS IN THE CENTRAL BUSINESS DISTRICT.
An applicant in a Target Sector that locates in the CBD ("CBD TS Business") may
be eligible for 380 Incentives if the applicant meets the following criteria: (i) employs a
minimum of 50 permanent full-time employees at the proposed site; (ii) pays a minimum
annual salary of $60,000 or equal to that of Tarrant County as averaged across the most
recent four quarters of published data from the Bureau of Labor Statistics Quarterly
City of Fort Worth 380 Incentives Policy Page 7 of 26
County Employment and Wages (QCEW) report (whichever is higher) as determined by
City staff upon receipt of an Application to those employees; and (iii) meets the criteria
for an Existing Business or relocates from outside the Dallas -Fort Worth Metropolitan
Statistical Area. If the CBD TS Business does not own the real property on which the
project will be located, then the property owner may need to be included in the EDPA.
If the CBD TS Business locates its project in an existing building in the CBD, the
maximum amount of the 380 Incentives will equal (based on the M&O tax rate of the
City):
Up to 80% of the CBD TS Business's incremental Business Personal Property
taxes for a maximum of 15 years; or
Up to 80% of the CBD TS Business's incremental real property taxes in a
proportional share to the amount of space within the building that is occupied
by the CBD TS Business for up to 10 years.
If the CBD TS Business locates its project in a new building in the CBD for which
a building permit has not been obtained as of the date of the incentive application, the
maximum amount of the 380 Incentives will equal:
Up to 80% of net new real property taxes (specifically excluding any Business
Personal Property taxes) in a proportional share to the amount of space within
the building that is occupied by the CBD TS Business for up to 15 years,
subject to the following requirements:
o CBD TS Business must be a Fortune 1,000 or Inc. 5000 corporate or
regional headquarters;
o A minimum of 100,000 square feet must be occupied by the CBD TS
Business;
o The CBD property must be new construction in order to house the CBD
TS Business; and
o A minimum of $100 million must be invested in Hard Construction Costs
associated with the new construction.
A CBD TS Business locating in a new building in the CBD will only be eligible
for 380 Incentives if it meets all the above -referenced criteria.
4.1.2. RELOCATION SUPPORT FOR NEW OFFICE TENANTS.
The City wishes to support the tenant recruitment process of out -of -region
tenants to Class A Office space in strategic locations of Fort Worth and to ease lease
transactions by offsetting certain initial costs incurred by major office tenants at the
point of lease execution and shortly thereafter as part of a business's relocation. In
support of these goals, office tenants entering into a lease of at least 10,000 square feet
of unoccupied Class A office space in the CBD will be eligible to receive a one-time
cash grant from the EDIF. Eligibility will be limited only to tenants who meet the
following criteria:
City of Fort Worth 380 Incentives Policy Page 8 of 26
Relocating or expanding tenant is currently located outside of the City of Fort
Worth;
Tenant is entering into a minimum five-year lease of at least 10,000 square feet
of Class A Office space located within the Fort Worth CBD;
The value of grants will be equal to between five and seven percent (5 - 7%) of the
value of the lease based on a maximum of five years of the proposed lease term (the "5-
Year Lease Value"). The maximum grant value for the lease of 10,000 - 49,999 square
feet will be equal to 7% of the 5-Year Lease Value and the maximum grant value for
the lease of 50,000 square feet or more will be equal to 5% of the 5-Year Lease Value.
Grants will be paid within twelve months of final lease execution. The grant may be
assigned to an affiliate of the tenant provided that such affiliate was directly involved in
the lease transaction, such as the property owner or sub -lessor.
The delivery of any 380 Incentives as described above will be subject to requirements
specified under agreement, including minimum requirements for tenant employment
and minimum average salaries for the term of the lease. The 380 Incentives will be
subject to Clawback provisions applicable to the grant recipient.
4.1.3 OTHER SUPPORT FOR MAJOR OFFICE TENANTS.
Companies proposing to enter into a new lease of at least 50,000 square feet of
Class A office space in the CBD may be eligible for targeted support under this Policy
subject to evaluation of project characteristics and strategic impact. All such projects will
be reviewed on a case -by -case basis. To support eligible projects, and in place of or in
addition to 380 Incentives that are based on annual tax revenues received by the City, the
City may elect to provide a grant of cash funds from the EDIF so long as it complies with
the EDIF Policy.
4.2 ELIGIBILITY REOUIREMENTS FOR FULL -SERVICE HOTELS.
In addition to direct contributions to the local economy as part of the broader hospitality
industry, full -service hotels play a particularly meaningful role in support of efforts to achieve
broader economic development objectives for the City. Leisure properties in or near key cultural
districts can serve to enhance the attractiveness or impact of that district as an asset for the
community. Hotels that serve business travel can play an important role in promoting greater
exposure of the City to investors, executives, and professionals in other industries that may be
targeted for growth by the City and, functionally, they can serve as a temporary base of operations
for those wishing to do business in the City. Other hotels add necessary capacity to host major
conventions or events and, by that additional capacity, improve the type, quality, exposure, or
industry brought to City by such conventions or events.
In recognition of the role that full -service hotels play in the broader local economy, the
City is engaged in a sustained effort to encourage expanded inventory and higher quality of full -
service hotels in the City. In support of these efforts, the City will consider providing 380
Incentives to full -service hotel projects, including the hotel portion of mixed -use projects.
Projects will be evaluated on a case -by -case basis in relation to their location, the evolving
City of Fort Worth 380 Incentives Policy Page 9 of 26
conditions and offerings of the established hotel market in Fort Worth, historical adaptive reuse
or preservation, and expected contributions by the proposed project to other related economic
development objectives of the City.
The following matrix presents the minimum features required by the City for a full -
service hotel project to be eligible for 380 Incentives:
Hotel Full Service Ballroom* Meeting* Boardroom* Room Block
Rooms Restaurant Size Space Space Agreement
200 rooms Yes 6,000 sq. ft. 2,400 sq. ft. 500 sq. ft. Yes
250 rooms Yes 7,500 sq. ft. 4,000 sq. ft. 500 sq. ft. Yes
300 rooms Yes 10,000 sq. ft. 6,000 sq. ft. 500 sq. ft. Yes
* Hotel projects located within the CBD that are 12 stories or taller may qualify for a reduction or reconfiguration of
conference space requirements. To be eligible for such adjustments, the applicant must demonstrate that sufficient parking
has been secured to serve the needs of the hotel, whether through a shared parking agreement, provision of new parking, or
the installation of equipment or infrastructure that supports the use of car sharing services or other shared transportation
services.
The amount of any 380 Incentives under this Section will be based on a percentage of
hotel occupancy taxes, directly attributable to the project, not to exceed 80%.
4.2.1 BOUTIOUE HOTELS.
Certain properties, due to site constraints, opportunities for the adaptive -reuse of
existing historical or non -hotel buildings, or for certain reasons relating to market
positioning, may present an opportunity for the development of new boutique hotel
projects that may not meet the minimum eligibility requirements for full -service hotels as
specified above in Section 4.2. Such project opportunities may be of interest to the City
when contributing to efforts to: (i) promote infill development in walkable mixed -use
districts' (ii) attract new hotels to districts that offer limited site opportunities for larger
full -service hotels; (iii) or when the addition of a large full -service hotel is inconsistent
with the City's aims and objectives for a given area. In such cases, the City may consider
a waiver of some or all of the minimum hotel features specified above in Section 4.2.
"Boutique Hotel" means a smaller, typically independent (i.e. non -chain) hotel that is
known for its unique style, personalized service, relationship to and shared identity with
its surrounding properties or district, and its focus on creating a distinctive guest
experience.
Boutique Hotel projects will be evaluated on a case -by -case basis in relation to
their location, immediate surroundings, the evolving conditions and offerings of the
established hotel market in Fort Worth, the needs or conditions of the surrounding district,
and in consideration of other related economic development objectives of the City. To be
eligible for a waiver of minimum eligibility requirements, a Boutique Hotel project must:
• Be located within a Fort Worth Target Area;
City of Fort Worth 380 Incentives Policy Page 10 of 26
Offer full -service onsite dining or demonstrate a partnership or service
agreement with a nearby full -service restaurant offering guests in -hotel dining;
and
• Feature a design that promotes walkable urbanism that highlights, complements,
or amplifies the unique setting and culture of the immediate surroundings
Eligible Boutique Hotel projects will be evaluated based on their expected
contribution to the City's economic development objectives for the area and based on
demonstration of a financial gap or other significant constraint preventing the project
from proceeding but for the assistance of the City. Such projects may be eligible to receive
380 Incentives that will be based on a combination of new incremental City hotel
occupancy taxes, property taxes, or sales taxes that will be negotiated on a per -project
basis and with consideration to the impact of the proposed project, net fiscal impact to
the City, and the role of an applicable project financing zone that might constrain the
availability or use of certain public funds.
4.3. AFFORDABLE HOUSING SUPPORT.
All Projects subject to an EDPA that contain residential units will earn annual grants in
each program year for the term of the EDPA that are equal to five percent (5%) of the incremental
City taxes on Real and/or Business Personal Property associated with the Project, with such
grants to be paid to the Fort Worth Housing Finance Corporation for the purpose of promoting
the development or provision of affordable housing, at all times striving to deliver such
affordable housing in close proximity to the Project ("Affordable Housing Grant"). At no time
may the combined value of an Affordable Housing Grant and any other grant payable under the
EDPA that is based on the incremental value of City Real and Business Personal Property taxes
exceed one hundred percent (100%) of such taxes.
4.4. CITY -OWNED PROPERTY.
Projects involving property that, either prior to project start or after project completion,
is owned by the City or one of its component units, will be eligible to receive 380 Incentives for
the purpose of project finance or facilitation. Such property may include, but is not limited to,
real property and leasehold interests. The delivery of 380 Incentives to such projects will require
approval by the City Council.
5. PROGRAM FOCUS III: FULL STRENGTH FORT WORTH.
A third core responsibility of the City under its Economic Development Program and through
related economic development activities, focuses on tapping into the full potential of
neighborhoods and districts throughout the City so that the City can compete at full strength.
Doing so requires the joint efforts of multiple City departments and community partners. The
following targeted programs are administered by the Department as part of this Economic
Development Program. They are designed to provide specific support for projects and initiatives
that advance revitalization, economic productivity, equitability, and commercial opportunity in
historically disadvantaged districts and corridors as well as in locations that may significantly
City of Fort Worth 380 Incentives Policy Page 11 of 26
impact surroundings in a manner that advance the City's long-term aims for community
development.
5.1. COMMITMENT FOR UTILIZATION OF SMALL BUSINESS FIRMS
All projects receiving 380 Incentives are subject to the City's Small Business Program in
Procurement of Goods, Services and Construction Ordinance (Chapter 21 of the City Code and
herein referred to as "Small Business Ordinance") and must make a commitment to utilize Small
Business Firms as determined by the Economic Development Director.
5.2. ELIGIBILITY REOUIREMENTS FOR CATALYTIC DEVELOPMENT
PROJECTS.
A "Catalytic Development Project" is a business or real estate development project that
meets the following criteria:
Located within either a Designated Investment Zone, an Urban Village, an
identified Revitalization Area, Innovation District, or Strategic Development Area
(as depicted in Exhibits "B", "C", "D", and "E" respectively),;
Commits to at least $5 million in Investment; and
Complies with at least one of the following requirements:
o Mixed -Use Development;
o Fills a gap, such as a grocery store in a food desert or a childcare facility, as
determined by City staff based on goals set forth in the City's then -current
Comprehensive Plan or other statistical data or relevant documentation;
o Located along a commercial corridor or within an urban village, as
identified in the City's then -current Comprehensive Plan;
o Generates significant job opportunities in the area, as determined by City
staff based on then -current employment data; or
o Helps create a hub of entrepreneurial activity, positioning the City to attract
entrepreneurs and high -growth companies, as determined by City staff
based on goals and recommendations set forth in the City's Economic
Development Strategic Plan, the City's then -current Comprehensive Plan,
or on other statistical data or relevant documentation.
All Catalytic Development Projects will be eligible for consideration for 380 Incentives.
The amount of a 380 Incentive under this Section will be based on a percentage of annual tax
revenues that the City receives in a particular year, including ad valorem taxes on real property,
ad valorem taxes on Business Personal Property, local sales taxes directly attributable to the
project, or some combination thereof, not to exceed 80%. The percentage of ad valorem taxes
will be based on the M&O tax rate of the City. In place of or in addition to 380 Incentives that
are based on annual tax revenues received by the City, the City may elect to provide a grant of
cash funds from the EDIF so long as it complies with the EDIF Policy.
Additionally, Catalytic Development Projects proposed to occur on property that is
owned by the City will be eligible to receive a grant of funds in an amount not to exceed the
purchase price or the lease rate of the property that is due to be received by the City in concert
with the proposed project. Such projects will qualify as a Catalytic Development Project
City of Fort Worth 380 Incentives Policy Page 12 of 26
irrespective of their location, provided that all other criteria of this Section are met. In such
instances in which the value of City -owned property is the sole form of support under this Policy,
only requirements specified under this section will apply (except as otherwise required under
Chapter 380 of the Texas Local Government Code) and any additional project requirements or
minimums will be negotiated on a case -by -case basis.
5.3. ELIGIBILITY REOUIREMENTS FOR TRANSIT ORIENTED
DEVELOPMENTS.
The City encourages and supports the construction of Transit Oriented Developments. In
order to be considered for 380 Incentives, a Transit Oriented Development project must commit
to at least $5 million in Investment. The amount of a 380 Incentive under this Section will be
based on a percentage of annual tax revenues that the City receives in a particular year, including
ad valorem taxes on real property, ad valorem taxes on Business Personal Property, local sales
taxes directly attributable to the project, or some combination thereof, not to exceed 50%, for a
period of no more than 7 years. The percentage of ad valorem taxes will be based on the M&O
tax rate of the City.
6. ECONOMIC DEVELOPMENT INITIATIVES FUND INCENTIVES (EDIF).
From time -to -time, the City may have cash reserves available as part of the EDIF to incentivize
businesses that commit to increase employment at salary levels desired by the City. These cash
reserves will be utilized to make cash grants, either upfront or following attainment of certain
performance metrics, or loans.
All industries will be considered, but strong consideration will be given to applicants that derive
the majority of its revenues from the Target Sectors outlined in Section 1.3 (subject to additional
requirements outlined below).
Existing Businesses will only be eligible for 380 Incentives under this Section if the City is able
to verify that they are receiving competing offers to relocate their operations outside of the
City.
The following table reflects the maximum level of 380 Incentives available to a qualifying
business under this Section based on the required minimum Salaries for net new full-time
permanent jobs. All jobs must be filled and maintained for a minimum of 3 years in order to
qualify. Remedies for enforcement of this requirement will be established in the Economic
Development Program Grant Agreement.
Minimum Annual Wage Rate Maximum Amount Per New Position
$70,000 - $80,499 $1,500
$80,500 - $91,999 $2,000
$92,000 - $101,999 $2,500
$102,000 or above $3,000
City of Fort Worth 380 Incentives Policy Page 13 of 26
7. PROGRAM FOCUS IV: INNOVATION AND ENTREPRENEURSHIP.
A fourth core responsibility of the City under its Economic Development Program and through
related economic development activities, focuses on promoting innovation and entrepreneurship
to build a sustainable, competitive advantage for the City that fuels growth in economic
productivity and drives the future of the City's economy. Doing so requires the joint efforts of
multiple City departments and community stakeholders. The following targeted programs are
administered by the Department as part of this Economic Development Program.
7.1. ELIGIBILITY REOUIREMENTS FOR RESEARCH AND DEVELOPMENT
PROJECTS.
The City seeks to promote increased research and development activity and investment
in the City. In support of this effort and recognizing that such research and development activities
are not always associated with the delivery of new taxable sales or property, the City offers
qualified projects the ability to earn 380 Incentives that are based on the value of annual research
and development activity. While the 380 Incentives are earned on the basis of annual research
and development activity, the ultimate value of 380 Incentives received are determined on the
basis of incremental property taxes generated by either the applicant or an assignee, with the
understanding that an assignee's property need not be the location of the project site.
Applicants within a Target Sector are eligible to receive 380 Incentives equal to a
percentage of certain qualified expenses relating to ongoing research and development activities
that take place in the City. Qualified Expenses outside the City will not be considered.
The City may provide 380 Incentives for a period of up to 15 years equal to up to 50% of
Qualified Expenses that are reported for a given year during a period of up to 10 years. At no
time will the amount of any 380 Incentives exceed 75% of annual incremental real property and
Business Personal Property taxes received by the City in the preceding year from the subject
property of an applicant or an assignee. The maximum amount of each 380 Incentive under this
Section will be determined by the location in which the Target Sector research and development
project is located, as set forth in the table below:
CBD/ Innovation District
Designated Investment Zones
Other City Location
Maximum Potential
R&D Reimbursement
Equal to 50% of Qualified Expenses
Equal to 35% of Qualified Expenses
Equal to 25% of Qualified Expenses
A Target Sector business receiving 380 Incentives pursuant to this Section may assign,
sell, or transfer its right to receive the 380 Incentives to any party it wishes, subject to execution
of a written agreement between the City, the Target Sector business, and the assignee party
memorializing this arrangement. The Target Sector Business will still be required to submit any
reports and documentation required by the EDPA in order for the City to verify the amount of
each 380 Incentive. The amount of any transferred or assigned 380 Incentives will be reduced
City of Fort Worth 380 Incentives Policy Page 14 of 26
by 5 percentage points to account for the City's additional administrative costs in overseeing the
program.
In the event an assignee advances funds to the Target Sector business within the first 24
months following execution of the EDPA, the assignee may, subject to terms expressed in the
EDPA, have the right to receive 380 Incentives equal to up to 75% of its annual incremental real
and Business Personal Property ad valorem tax received by the City in an amount equal to the
lesser of the amount advanced or 15% of the Program Cap for a period of up to 10 years. No
property that is zoned Residential by the City shall be permitted to be included as part of an
assignee's subject property except where such zoning may be changed to facilitate new
development (example: a property zoned for Single -Family Detached subsequently rezoned for
Industrial in connection with new development). Properties that are zoned Mixed -Use (including
any part of a form -based code) or properties that are zoned Planned Development may be
included as part of an assignee's subject property.
7.2. ELIGIBILITY REOUIREMENTS FOR WET LAB PROJECTS.
The City wishes to foster innovation and growth in the life sciences sector by supporting
the development of state-of-the-art wet lab facilities, especially in areas targeted for innovation in
the fields of medicine and other biosciences. In support of these aims, the City offers qualified
projects the ability to earn Ch. 380 Incentives in relation to the construction of new wet lab
facilities. To be eligible, projects must:
• Be located in the Fort Worth Medical Innovation District as officially designated
by the City Council and illustrated in Exhibit "E' ; and
• Involve a minimum of $10 million in new investment for the construction or
modernization of wet lab facilities, including the value of new Business Personal
Property.
The amount granted as part of the Ch. 380 Incentives will be based on a maximum of 50% of
incremental City ad valorem taxes generated by the project, which may be delivered as a one-time
cash grant or a series of annual grants delivered over a period not to exceed ten years.
8. ECONOMIC DEVELOPMENT PROGRAM CALCULATION.
8.1. Improvements Reauired.
All applicants for 380 Incentives must deliver or construct the minimum Capital
Investment expenditure by the deadline established in the EDPA.
8.2. Percentaize and Amount.
Although this Policy establishes the maximum calculations for 380 Incentives that may
be available for a particular type of project, the specific amount of a particular EDPA will be
negotiated on a case -by -case basis and the amount of the 380 Incentives may be less than the
maximum amounts specified in this Policy, based on the review criteria set forth in Section 10.3.
The calculation of a 380 Incentive for any project that meets the requirements of this Policy will
City of Fort Worth 380 Incentives Policy Page 15 of 26
be negotiated on a case -by -case basis and governed solely by the terms and conditions of the
EDPA.
9. ECONOMIC DEVELOPMENT PROGRAM IMPLEMENTATION.
9.1. Term.
Although this Policy establishes the maximum term of EDPAs that may be available to
certain types of projects, the actual term of any particular EDPA will be negotiated on a case -by -
case basis and may be less than the maximum available term specified in this Policy, based on
the review criteria set forth in Section 10.3.
9.2. Compliance.
Unless otherwise provided in the EDPA, the City will review and determine the
recipient's compliance with the terms and conditions of the EDPA for a full calendar year prior
to the first year in which the first 380 Incentive will be payable ("First Compliance Review
Year"). The First Compliance Review Year will either be the full calendar year in which a final
certificate of occupancy is issued for the improvements required by the EDPA (or if a certificate
of occupancy is not required for some or all of the improvements, then such other written
confirmation of completion of such improvements) for the real property and Business Personal
Property investment required by the EDPA or the following calendar year, as negotiated and set
forth in the EDPA. The first 380 Incentive will be paid in the calendar year following the
Compliance Review Year. In other words, the degree to which the recipient meets the
commitments set forth in the EDPA will determine the amount of the 380 Incentive payable in
the following year. The City will continue to review and determine the recipient's compliance
with the terms and conditions of the EDPA for each subsequent calendar year, which findings
will govern the amount of each subsequent 380 Incentive, until expiration of the EDPA.
9.3. Delegated Authoritv for Certain Amendments.
Except as otherwise reserved to the City Council in an EDPA, a Mayor and Council
Communication (M&C) authorizing an EDPA, or any other action required to be taken by the
City Council by law, City rule or regulation, or this Policy, the City Manager may amend an
EDPA for the following purposes without further action by the City Council:
• Extension of any deadline for a period of up to one year;
• Amendment of a minimum Investment commitment; provided that the difference
does not exceed ten percent (10%) of the minimum Investment commitment
authorized by the City Council and specified in the EDPA;
• Amendment of a minimum employment commitment; provided that the
difference does not exceed ten percent (10%) of the minimum employment
commitment authorized by the City Council and specified in the EDPA; or
• Amendment of a minimum average annual salary commitment; provided that the
difference does not exceed ten percent (10%) of the minimum average annual
salary commitment authorized by the City Council and specified in the EDPA.
City of Fort Worth 380 Incentives Policy Page 16 of 26
Notwithstanding the foregoing and except as otherwise expressly authorized by the City Council,
any amendment to an EDPA authorized by the City Manager pursuant to this Section 9.3. must
comply with the applicable minimum eligibility requirements of this Policy. Nothing in this
Section 9.3. obligates the City Manager to authorize any amendment of an EDPA and any
requests for amendments pursuant to this Section 9.3. will be considered on a case -by -case basis.
The City Manager will report timely to the City Council when this authority is exercised.
9.4. Clawbacks and Performance Bonds.
Certain 380 Incentives involving the delivery of a cash grant that is subject to specific
ongoing performance requirements under the Agreement will be subject to conditions providing
for the potential recapture by the City of the grant funds received if those conditions are not
fulfilled ("Clawback"). To ensure adherence to obligations and duties under any Agreement
that is subject to a Clawback provision as described above and to protect the interests of the
City, certain additional requirements for a Performance Bond will apply. The sole exception
will be for situations involving the documented impossibility of efforts to secure a Performance
Bond as more specifically provided for in the Agreement.
10. ECONOMIC DEVELOPMENT PROGRAM APPLICATION
PROCEDURES.
Each 380 Incentive application will be processed in accordance with the following standards and
procedures:
10.1. Submission of Application
The Department is responsible for promulgating the application for 380 Incentives
("Application"). Applicants desiring to receive 380 Incentives must complete and submit an
Application to the Department. Among other things, the Application must include
documentation that there are no delinquent property taxes due for the subject property. In
addition, applicants whose projects include, either in whole or in part, the renovation of one or
more existing structures, must provide a detailed description and cost estimates for the
contemplated renovations.
10.2. Application Fee
An applicant must pay a non-refundable application fee $2,500 ("Application Fee")
prior to final approval of the agreement by City Council.
10.3. Application Review and Evaluation
The Department will review an Application for accuracy and completeness. Once
complete, the Department will evaluate an Application based on the proposed merit and value of
the project, including, the guidelines and criteria established by this Policy, which include,
without limitation, the following:
City of Fort Worth 380 Incentives Policy Page 17 of 26
• Types and number of new jobs created, including: respective Salaries, and employee
benefits packages such as health insurance, day care provisions, retirement packages,
transportation assistance, employer -sponsored training and education, any other benefits
and whether all benefits are offered on an equal and non-discriminatory basis to all
employees;
• Percent of construction contracts committed to (i) Fort Worth Companies and (ii) BEFs;
• Financial viability of the project;
• The reasonably projected increase in the value of the tax base;
• Costs to the City (such as infrastructure participation, etc.);
• Type of industry and activities associated at the project site;
• If the company is foreign owned and/or includes capital investment sources from outside
the United States;
• Other items that the City may determine to be relevant with respect to the project.
10.4. Consideration by the Citv Council
The City Council retains sole authority to approve or deny any EDPA and is under no
obligation to approve any Application or EDPA.
11. GENERAL POLICIES AND REOUIREMENTS.
Notwithstanding anything to the contrary herein, the following general terms and
conditions govern this Policy:
11.1. The City will not grant 380 Incentives for any development project in which a building
permit application has been filed with the City's Development Services Department.
11.2. An applicant for a 380 Incentives must provide evidence to the City that demonstrates
that 380 Incentives are necessary for the financial viability of the development project proposed.
11.3. An applicant 380 Incentives must provide Salary and employee benefit information for
all positions of employment to be located in any facility covered by the Application as well as a
copy of the applicant's written non-discrimination policy applicable to the applicant's
employees.
11.4. As part of the consideration for any 380 Incentives, the City will have the right to (i)
review and verify the applicant's financial statements and records related to the project and the
amount of any 380 Incentives that may be payable in any given year; and (ii) conduct an on -site
inspection of the project in order to verify compliance with the terms and conditions of the EDPA.
Similarly, the City will have the right to require and review documentation providing evidence
City of Fort Worth 380 Incentives Policy Page 18 of 26
of project funding commitments, including but not limited to, direct equity participation by the
proposed recipient, in advance of a determination relating to the offer or approval of a 380
Incentive.
City of Fort Worth 380 Incentives Policy Page 19 of 26
Exhibit "A"
DEFINITIONS
Business Personal Property — any taxable tangible personal property other than inventory and supplies
that (i) is subject to ad valorem taxation by the City; (ii) is located on the property subject to an EDPA;
(iii) is owned or leased by the party to the EDPA; and (iv) was not located in the City prior to the year
in which the EDPA was executed.
Capital Investment — Expenditures for real property improvements such as, without limitation, new
facilities and structures, site improvements, infrastructure improvements, facility expansion, facility
modernization, and utility installation. Capital Investment does NOT include land acquisition costs or
the cost or value of any improvements existing on the property prior to the City Council's authorization
of execution of an EDPA.
Catalytic Development Project — A development that meets the prerequisites set forth in Section 5.2.
Central Business District — A geographic area within the City, also referenced as Downtown, as defined
in the Fort Worth Comprehensive Plan.
Comprehensive Plan — The City of Fort Worth's official guide for making decisions about growth and
development. The Plan is a summary of the goals, objectives, policies, strategies, programs, and projects
that will enable the city to achieve its mission of focusing on the future, working together to build strong
neighborhoods, develop a sound economy, and provide a safe community.
Designated Investment Zone — The geographic area within the City containing those census tracts (i)
that are eligible for community development block grants (CDBG), as defined and determined by the
United States Department of Housing and Urban Development (HUD), meaning that fifty-one percent
(51 %) or more of residents have low to moderate incomes and (ii) those census tracts that have a poverty
rate of 20% of higher, as shown in the map of Exhibit `B" of this Policy.
Economic Development Initiatives Fund (EDIF) — The special revenue fund established pursuant to
the City of Fort Worth Economic Development Initiatives Fund Policy and incorporated into the City of
Fort Worth Adopted Budget to make cash funds available for the purpose of supporting economic
development activities within the City.
Existing Business — A business that was operating within the corporate limits of the City prior to the
effective date of this Policy.
Fort Worth Resident — An individual whose primary residence is located in the corporate boundaries
of the City of Fort Worth.
Fort Worth Target Area — A geographic area as more specifically illustrated in Exhibit "B" that is
located either within the corporate boundaries of the City of Fort Worth or its extraterritorial jurisdiction
and that is identified for the specific purpose of prioritizing or otherwise guiding the proposed location
of certain economic development projects or programs, for communicating industry or economic trends,
growth patterns, and site or market characteristics, and for purposes of reference in relation to economic
development policy or strategy. Fort Worth Target Areas are at all times inclusive of duly designated
City of Fort Worth 380 Incentives Policy Page 20 of 26
Revitalization Target Areas, Innovation Districts, Tax Increment Reinvestment Zones, and Public
Improvement Districts. Also designated as Fort Worth Target Areas are Target Industry Growth Centers,
which are areas that are generally suited for supporting near or long-term growth in one or more Target
Sector across multiple sites with similar characteristics, and Strategic Development Areas, which are
areas suited for high -value mixed -use development of the kind that can be expected to promote citywide
or regional economic growth or activity. Although not depicted in Exhibit "B," Strategic Development
Areas also generally include developable properties that are located within a one -quarter mile distance
of the Trinity River, Benbrook Lake, Lake Arlington, or Lake Worth.
Innovation District — Geographic areas where leading -edge anchor institutions and companies cluster
and connect with start-ups, business incubators, and accelerators that are physically compact, transit -
accessible, and technically -wired, and offer mixed -use housing, office, and retail.
Investment — The aggregate of Capital Investment and Personal Property Investment.
Mega Project — A project meeting the prerequisites set forth in Section 3.4.
Mixed -Use Development Project — A development project in which a facility or facilities will be
constructed or renovated such that (i) at least twenty percent (20%) of the total gross floor area will be
used as residential space and (ii) at least ten percent (10%) of the total gross floor area will be used for
office, restaurant, entertainment and/or retail sales and service space. In the event that all or any portion
of the residential space is rental (i.e. apartments), there must be at least fifty (50) units.
Personal Property Investment — The value of Business Personal Property installed on a development
site by a date certain, as determined solely by the appraisal district having jurisdiction over the
development site.
Program Cap — The maximum amount of 380 Incentive award available over the term of 380 Incentive
Term.
Qualified Expenses — Those expenses classified as qualified expenses under Internal Revenue Code
Section 41 (the Research and Experimentation Tax Credit) and any other expenses identified and agreed
to by the City in an EDPA as direct expenses for utility patent generation, technology commercialization,
or spinoff incubation costs.
Salary — A cash payment or remuneration made to a full-time employee, including paid time off,
commissions, and non -discretionary bonuses. A Salary does not include any benefits, such as health
insurance or retirement contributions by the employer, reimbursements for employee expenses, or any
discretionary bonuses.
Target Sector — A business providing services in the sectors specifically identified in Section 1.3.
Technology Company — A company working in an industry with a high concentration of workers in
STEM (Science, Technology, Engineering, and Mathematics) occupations, including, but not limited to,
design, prototype development and testing, preliminary manufacturing and product marketing.
City of Fort Worth 380 Incentives Policy Page 21 of 26
Transit Oriented Development — A Mixed -Use Development located within one-half mile of a
commuter rail line station and in which all buildings will be at least 3 stories in height.
City of Fort Worth 380 Incentives Policy Page 22 of 26
Exhibit "B"
DESIGNATED INVESTMENT ZONES
Copyright 2020 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This products of
for informational purposes and may not have been prepared for or be suitable for legal, engineering, or
surveying purposes. It does not represent an on -the -ground survey and represents on the approximate relative
location of property boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data.
City of Fort Worth 380 Incentives Policy Page 23 of 26
Exhibit "C"
URBAN VILLAGES
Copyright 2020 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This products of
for informational purposes and may not have been prepared for or be suitable for legal, engineering, or
surveying purposes. It does not represent an on -the -ground survey and represents on the approximate relative
location of property boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data.
City of Fort Worth 380 Incentives Policy Page 24 of 26
Exhibit "D"
REVITALIZATION TARGET AREAS
Revitalization Target Areas
- R.*J.,H- T.,d Area
Revitalization Neighborhoods
U Ahnese and MCCdt
C Ease eery
�I Hi4oric Herdky
_ m is m.A-de
Hi SaNrside
® PWy4dn Hek#ft
C Rrvers+de East
Seoe S a
C West r,m Bowie
Q WmAuvn,
COPYRIGHT 2025 CITY OF FORT WORTH UNAUTHORIZEDREPRODUCTION IS A VIOLATION OF APPLICABLE 1, _�. J. IS . _ .., _ -. �, BCJLL
!- `� ONLY. THE ACCURACY IS NOT TO BE TARN / USED AS DATA PRODUCED FOR ENGINEERII JJ! � /%.�r ..BY A REED GISTERs
PROFFSSTONAI I AND SA IRVFYOR. THE CTT/ OF FORT WORTH ASSI IMF' NO RF.WNSTRTI rrY FOR THE ACCI RA OF SAID DATA.
City of Fort Worth 380 Incentives Policy Page 25 of 26
Exhibit "E"
FORT WORTH TARGET AREAS
t =
■ Revitalization Target Areas (RTAs) ■ Strategic DevelopmentAreas (SDAs)
■ Innovation Districts ■ TIFs and PIDs
Target Industry Growth Centers (TIGCs)
Copyright 2025 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This product is for informational purposes and may not have been prepared for, or be
suitable for legal purposes. It does not represent an on -the -ground survey and represents the approximate relative location of boundaries. The City of Fort Worth assumes no
responsibility for the accuracy of said data.
City of Fort Worth 380 Incentives Policy Page 26 of 26
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 12/09/25 M&C FILE NUMBER: M&C 25-1122
LOG NAME: 17EDPAPOLICY2025-A2
SUBJECT
(ALL) Adopt Resolution Amending Certain Portions of the Chapter 380 Economic Development Program Policy
RECOMMENDATION:
It is recommended that the City Council adopt the attached resolution amending certain portions of the Chapter 380 Economic Development
Program Policy.
DISCUSSION:
Chapter 380 of the Texas Local Government Code authorizes the governing body of a municipality to establish and provide for the administration
of one or more programs for making loans and grants of public money and providing personnel and services of the municipality to promote state or
local economic development and to stimulate business and commercial activity in the municipality (a Chapter 380 Economic Development
Program). The City of Fort Worth first established a Chapter 380 Economic Development Program on January 30, 2001 pursuant to Resolution
No. 2704, which was continued and expanded on March 10, 2009 pursuant to Resolution No. 3716-03-2009 (380 Policy or Policy) and further
amended by City Council through subsequent Resolutions (Resolution No. 5241-06-2020; Resolution No. 5338-01-2021; Resolution No. 5722-03-
2023; Resolution No. 6086-04-2025; and Resolution No. 6126-08-2025).
The 380 Policy outlines targeted eligibility criteria and requirements that support the goals and objectives of the Fort Worth Economic
Development Strategic Plan (Plan), as revised and accepted by City Council on February 22, 2022 (M&C G-19192 and M&C 22-0113).
Occasionally, changes in economic conditions and market trends require amendments to the 380 Policy to ensure the availability of
tools necessary to facilitate and support the execution of the Plan. Therefore, staff recommends the following amendments to the 380 Policy: a)
establish eligibility criteria for Boutique Hotels (as defined in the 380 Policy); b) amend 380 Policy requirements for Affordable Housing Grants (as
defined in the 380 Policy), Mixed -Use Projects (as defined in the 380 Policy), and Catalytic Development Projects (as defined in the 380 Policy) in
support of the Fort Worth Housing Finance Corporation and promotion of affordable housing within the City; and c) delegate limited authority to the
City Manager to amend Economic Development Program Agreements in specific instances stated in the 380 Policy.
Additional revisions to address certain formatting changes have also been incorporated into the 380 Policy as recommended for adoption.
Staff recommends amending the Policy as outlined above. A copy of the amended Policy is attached. Once adopted, the amended Policy will be
effective on December 9, 2025.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that approval of the above recommendation will have no material effect on City funds.
Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804
Oriainatina Business Unit Head: Jessica Rogers 2663
Additional Information Contact: Michael Hennig 6024
Expedited