Page 130 - City of Fort Worth Budget Book

General Fund Economic Development

FY23 FY24 FY25
Key Measures Actual Estimated Target Desired Level

Competitive Edge

Implement a more dynamic environment that embraces and fuels commercial development, high-wage job growth, and
support for small business startups.

Ratio of Capital Improvements vs incentives 17 4 10 10

Percent of attracted jobs with average wage 100% 100% 100% 100%
at or above the City of Fort Worth median

Total jobs committed from incented projects 3,170 250 2,000 2,000
approved this fiscal year
Progress to date towards goal of 200
thousand square feet annually of new office 0 0 200,000 200,000
space downtown. (to date 52,579 sq ft have
been added)
Progress towards goal of 3 million square
feet annually of new industrial space in Fort 9,902,209 5,533,199 3,000,000 3,000,000
Worth by 2026 (to date 33,183,706 have
been added)
Progress towards goal of 200 new hotel
rooms delivered annually within a 10-minute 245 104 200 200
walk of the Convention Center (to date1,071
rooms have been added)

Creative Businesses

Raise the City of Fort Worth's profile as a leading center for creative people and businesses and encourage innovation

Percentage of incented projects that fall
within the City of Fort Worth target industries 56% 33% 75% 75%
Percentage of incented projects with the
City of Fort Worth target industries with 100% 100% 100% 100%
wage at or above the City of Fort Worth
median wage
Total jobs committed from incented projects 1,420 250 1,500 1,500
in target industries
Capital investment of incented projects in $278,850,000 $1,000,000 100,000,000 100,000,000
target industries

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