Page 39 - CityofArlingtonFY26AdoptedBudget

Business Plan

Sutton Frost Cary
Type: Corporate building near the intersections of Front St
and Mesquite St. in Downtown Arlington
Performance Grant: $122,000
Size: 25,000 sq. ft. of office space
Deal: Located in Tax Increment Reinvestment Zone #1, the
project will receive TIRZ #1 funding to assist in the public
improvement costs associated with the development.

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.

FY 2026 Proposed Budget and Business Plan 33 City of Arlington, Texas