Page 64 - FY 2025 Adopted Operating Budget and Business Plan

Business Plan Return to Table of Contents

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and Redevelopment Efforts,
Partnerships, and Investment Opportunities
Objective 1: Foster Development and Redevelopment in Targeted Areas
Project Performance Measure(s) Department(s)
IOE Development of West Airport Office of Strategic Initiatives,
1.1.3 – E-Space Economic Development Corporation

Summary:

In April 2023, the Arlington Economic Development Milestone Estimated Actual
Corporation and City Council approved a master Completion Completion
agreement with E-Space, a start-up satellite Phase I Design Dec. 2024
manufacturer. The master agreement provides a Develop and execute all Dec. 2024
framework for the project and contemplates subsequent agreements
development of future agreements, including a lease, Begin Construction May 2025
development agreement, and performance agreement.

The AEDC plans to construct a 250,000 square foot
manufacturing facility and associated infrastructure for
E-Space to occupy. E-Space will commit to provide a
minimum of 400 jobs within 5 years of initial occupancy
of the space.

FY 2025 Adopted Budget and Business Plan 55 City of Arlington, Texas