Tool manufacturer Stanley Black & Decker expects to create nearly 200 new U.S. jobs by relocating its suburban Dallas operations and adding a third production line.
The Fort Worth Star-Telegram reports that the city is vying with a location near Dayton, Ohio, to house the production currently located in Farmers Branch, Texas. By 2020, the company is expected to invest $30 million in a new facility that would, in total, employ more than 500 people.
Some of the new positions would be moved from an overseas factory. Stanley Black & Decker officials said the company plans to add more U.S. production for a part currently produced abroad.
The facility in Farmers Branch, about 30 miles from the proposed Fort Worth site, currently employs 326 workers and manufactures some 6,000 products, including ratchets, sockets, and wrenches.
Fort Worth plans to offer a five-year tax abatement to the company that would translate to incentives of about $1 million, Business Development Director Carol Griffith told the paper. The Fort Worth City Council is slated to vote on the proposal following a public hearing next week.
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