Fort Worth, Dallas, USA: Fort Worth’s city council has signed off on a tax break for Americold.
The move is to bolster the company’s presence with new facilities aimed at enhancing the city’s logistics capabilities, particularly in storing temperature-sensitive products in high demand thanks to the boom in e-commerce and shifts in supply chain strategies.
As it stands, Americold sports a vast network, both internationally with 239 locations and locally with establishments already planted in Fort Worth, Dallas, Grand Prairie, and Mansfield, employing a workforce of 15,000 strong. The city council’s green light is anticipated to drive more than $2.5 million in fresh net taxes annually into Fort Worth’s coffers, and if all goes according to plan, the investment payoff period for these incentives should clock in under three and a half years.
Public records show that currently, nearly every nook and cranny of Fort Worth’s cold storage space is occupied—99% to be exact—creating a bottleneck for potential new clients, with not a single new unit in construction as of the last quarter of 2023. The stage is set for Americold’s expansion to unlock much-needed capacity, especially for businesses sprawled on the western flank of the DFW Metroplex.
