Carrier Global Corporation, a multinational company that manufactures heating, ventilation, air conditioning (HVAC) and refrigeration systems, announced Oct. 22 it will invest more than $600 million into a new manufacturing and engineering center in north Fort Worth.
What’s happening? Operations at the facility are expected to begin in 2027, according to a news release. The facility will be more than 1 million square feet and create 1,500 advanced manufacturing, engineering and other jobs.
Diving deeper: During the Sept. 15 Fort Worth City Council meeting, officials voted to approve an ordinance creating a tax abatement reinvestment zone for Carrier, according to previous reporting.
As part of the tax abatement agreement, Carrier must bring 495 jobs by Dec. 31, 2029, with a minimum average salary of $75,000.