A proposed tax abatement was recently presented to City Council to support the local expansion of Americold, one of the largest temperature-controlled warehousing and distribution providers in the world.
Americold currently employs 16,000 people, and has 242 locations worldwide. Four of those locations are already in Fort Worth, along with single sites in Dallas, Grand Prairie and Mansfield.
This project would support the expansion of Americold’s existing location at 4900 Blue Mound Road. The company’s current building sits on 22 acres, only seven of which are developed.
The company is proposing to more fully expand into the remaining space, committing to $123 million in capital investment – $68 million in real property improvements by December 2027, and $55 million in business personal property by January 2028.
Americold would also commit to creating a minimum of 85 full-time jobs by December 2025, with annual average salaries of more than $65,000. Additionally, 15% of construction costs for the expansion would go towards business equity firms.