Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. Fort Worth approved up to $4.5 million in tax incentives to land Mach Industries' planned drone manufacturing facility at Alliance Gateway 34. The project calls for 310,036 square feet and at least $74 million of investment, with employment requirements tied to the tax benefits.
The deal adds another defense-tech tenant to AllianceTexas as North Texas competes for advanced manufacturing and national-security companies. Fort Worth is putting millions of dollars behind its effort to attract Mach Industries, a defense technology startup planning a 310,036-square-foot drone factory at Alliance Gateway 34, according to The Real Deal. The city approved a 10-year tax incentive package worth as much as $4.5 million, tying the benefits to investment and job-creation benchmarks.
Mach has not publicly confirmed whether it will proceed with the facility, but a Dallas Business Journal report cited a Holt Lunsford second-quarter report and CoStar market analytics director Cody Gibbs as evidence that the company has already signed a lease. The development is expected to be completed in September. The Mach Industries deal would deepen AllianceTexas' role as a destination for large-scale industrial and technology users.
Hillwood's master-planned development spans roughly 27,000 acres across Fort Worth and includes industrial, office and retail properties. Private developers have invested about $14 billion in AllianceTexas since the project began 35 years ago. Previous reporting has estimated the development's broader economic impact at $130 billion and credited it with creating roughly 66,000 jobs.
For Fort Worth, landing a defense manufacturer fits the long-running strategy of using AllianceTexas' infrastructure and scale to attract companies that can generate both real estate demand and higher-paying employment. Fort Worth's approved incentive agreement gives Mach Industries a potential 10-year tax break valued at up to $4.5 million. To qualify for the full package, Mach would need to invest $74 million in equipment and real estate.
The company also faces employment requirements. It must reach at least 600 local jobs, with a minimum salary of $67,470. The agreement can reduce the incentives if Mach fails to maintain 1,000 local jobs, giving the city a longer-term safeguard if the company's workforce falls short.
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