Logistics provider Ryder System is asking the city for a seven-year tax incentive as it considers a $5.2 million expansion at its north Fort Worth transportation center.
In 2000, the company opened a 42,200-square-foot facility at 13599 Park Vista Blvd. and now it wants to add 25,500 square feet to meet growing demand.
The company is looking at expanding its Fort Worth facility, or one in Novi, Mich. The company employs 347 in Fort Worth with wages averaging $50,000.
Asked whether the company was playing hardball, Ossana Hermosillo, with the city’s economic development staff, told the council Tuesday that “we feel good about this recommendation coming forward.”
The company asked for a 35 percent grant on its real and business personal property taxes, but city staff is recommending the City Council approve 25 percent. The grant is estimated to be worth $65,500 over seven years.
Ryder would have to make the investment by Dec. 31, 2017, and spend more than 10 percent, or $390,000, of all hard construction costs with Fort Worth contractors, as well as with Fort Worth minority- and women-owned businesses.
Ryder would also need to have 56 new full-time jobs at the site by the end of 2017 and 200 new jobs by Dec. 31, 2023, with 15 percent being Fort Worth residents.
The council will vote on the incentive Oct. 18.
Separately, the council is scheduled to vote Oct. 25 on expanding the tax abatement reinvestment zone for Facebook, which is building a $1 billion data center in far north Fort Worth.
In 2015, the council approved a $146.7 million economic development package that included establishing the zone on 110 acres at the northeast corner of Alliance Gateway and Park Vista Boulevard. Facebook has since bought 40 more acres. Amending the tax abatement agreement will not affect the dollars the company will receive, the city said.
Facebook is expected to have the first of at least three 250,000-square-foot buildings up and running by the end of the year.