FORT WORTH, Texas — Fort Worth City Council will vote tomorrow to provide Alcon, a European medical manufacturing company, with a tax incentive to bring two new manufacturing facilities to the city.
If the economic development agreement is approved, the city would provide annual grants totaling no more than $6 million, according to a mayor and council communication. In exchange, Alcon would agree to invest $186 million in two product lines, creating 241 total new full-time jobs with a minimum annual salary of $75,000.
The Swiss company’s U.S. headquarters are located in Fort Worth, and the company is already a major employer for the city, according to reporting from the Dallas Business Journal. Alcon, which manufactures surgical devices and pharmaceutical products, plans to relocate its production lines in Belgium and France to the U.S…