600 Jobs Averaging $91,000: Fort Worth's Council Votes Tonight on the Beacon Modular Deal — Up to $500,000 in Grants Against a $30 Million Investment
Beacon Modular, a modular electrical manufacturer, would put its plant at Gateway Alliance 71 in far north Fort Worth — 600 full-time jobs in three years and at least $30 million invested by 2032, in exchange for up to $500,000 in city grants over five years. Staff pitched it October 27; tonight the council decides.
FORT WORTH — The second Fort Worth council vote to watch tonight is a jobs deal. City economic development staff have proposed an agreement with Beacon Modular, a modular electrical manufacturer, that would bring 600 new full-time jobs to far north Fort Worth at an average pay of $91,000, according to the summary of the October 27 council work session read by this desk. The proposed site is Gateway Alliance 71, at 4801 Henrietta Creek in Council District 10.
The terms staff pitched run on investment first. Beacon anticipates a minimum capital investment of $30 million by January 1, 2032 — $3 million in real property and $27 million in new business personal property — with the 600 jobs arriving over the first three years of operations. In exchange, the city would provide up to $500,000 in grants spread over five years. No votes were taken at the October 27 briefing; the formal council vote was set for November 10 — tonight.
Put against the other item on tonight's Fort Worth agenda, the Wedgwood East neighborhood vote, the Beacon file is the growth side of the same meeting: one vote spends $4.3 million inside an established neighborhood, the other offers a half-million in incentives to land a plant and its payroll in the Alliance corridor. This desk will report both outcomes when the council acts tonight.
