Fort Worth is in the running to gain another aerospace manufacturer. 

GKN Aerospace is considering Fort Worth locating its global technology center at Lone Star Commerce Center, according to a presentation at a Fort Worth City Council work session Oct. 18. It could bring up to 100 jobs in the next five years, according to the presentation. Michael Hennig, economic development manager for Fort Worth’s economic development department, said the jobs would pay well. The minimum salary committed by the company is $125,000. 

“Given the fact that this project involves so much (research and development),  it would not surprise most to know that the pretty brings high wage jobs along with it,” Hennig said. “These are engineering jobs.” 

GKN supplies technology for Lockheed Martin’s F-35, Gulfstream and many other aerospace companies.  

Fort Worth is competing against: 

  • Arlington
  • McKinney
  • Missouri 
  • Oak Ridge, Tennessee 

The proposed site in Fort Worth is located north of the Naval Air Station, near Loop 820. 

If the company locates its technology center to Fort Worth, the city is recommending using its Chapter 380 Research and Development Credit Program. It would be the second company to receive that credit, after Linear Labs, which manufactures electric engines. As part of the proposed project, the company would commit to a minimum of $4 million in research and development costs a year. 

 The city would provide $7 million in incentives if the company spends $40.5 million in research and development in five years, according to the proposal. 

Fort Worth Mayor Mattie Parker expressed excitement about the proposal during the council meeting.

“We’re very hopeful and all of us around the table are committed to helping get GKN here in Fort Worth,” Parker siad. 

The company intends to use its planned 100,000-square-foot industrial building for research and development efforts in North America. GKN, headquartered in the United Kingdom, employs more than 15,000 across the world with 38 manufacturing sites in 12 countries.

City Council members will vote on the recommendation Oct. 25.

Seth Bodine is a business and economic development reporter for the Fort Worth Report. Contact him at seth.bodine@fortworthreport.org and follow on Twitter at @sbodine120.

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Seth BodineBusiness Reporter

Seth Bodine is the business reporter for the Fort Worth Report. He previously covered agriculture and rural issues in Oklahoma for the public radio station, KOSU, as a Report for America corps member....