Public-Private Partnership Provides $68.9 Million in Economic Incentives for Linear Labs to Grow Employment and Usher-in Electrification 2.0 With Advanced Manufacturing and Research Headquarters
FORT WORTH, Texas, June 16, 2020 /PRNewswire/ — Today, the City of Fort Worth selected smart electric motor company Linear Labs to further solidify the city as the next tech innovation hub with the approval of a $68.9 million economic incentive package. Linear Labs plans to secure a 500,000-square-foot facility for advanced, smart manufacturing to support thousands of new, skilled jobs over the next 10 years. The research and production center will create electric motors for industries as diverse as electric vehicles (EVs), robotics, HVAC, and last-mile micromobility, in addition to various industrial applications.
“Fort Worth is our home and we can see the strategic moves the city is making to shape its infrastructure into the next major technology hub,” said Brad Hunstable, Co-Founder and Chief Executive Officer of Linear Labs. Read Article at PR News