Page 339 - CityofArlingtonFY26AdoptedBudget

Salcomp USA
Type: U.S. Headquarters and Manufacturing
Performance Grant: $122,000
Size: 188,000 square feet
Deal: In October of 2024, a Performance Agreement with
Salcomp USA was approved by both the Arlington
Economic Development Corporation (AEDC) and the
Arlington City Council to support the establishment of their
new U.S. Headquarters and creation of 600+ high wage
jobs in Arlington. Salcomp plans to invest approximately
$15M in their current location at 2400 Centennial Dr. in
the GSW Industrial District, retrofitting approximately
188,000 square feet of warehouse space and converting it
into high-tech, innovative manufacturing space. Salcomp
develops and manufactures power supplies for mobile and
other electronic devices, while being a market leader in
smart phone chargers. They also manufacture and are the
world's leading supplier of microinverter-based solar and
battery systems for the global solar panel industry.

Texas Trust Credit Union
Type: Headquarters Retention
Performance Grant: Tax Abatement
Size: 188,000 square feet
Deal: In November 2024, a Performance Agreement with
Texas Trust Credit Union was approved by both the
Arlington Economic Development Corporation (AEDC) and
the Arlington City Council to support the relocation and
expansion of their headquarters within Arlington. Texas
Trust plans to invest approximately $15 million to revitalize
their property located at 1521 North Cooper Street,
situated on 5.539 acres in the heart of Arlington. The
project includes retrofitting approximately 188,000 square
feet to modernize the facility with significant
improvements such as lobby renovations, HVAC and
elevator upgrades, and enhanced exterior features. Texas
Trust’s expansion will create more than 175 high-quality
jobs and further strengthen Arlington’s role as a leading
center for financial services. Through this investment,
Texas Trust continues its commitment to the community
by not only enhancing economic growth but also
contributing philanthropically to local initiatives
throughout the duration of the agreement.

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