Fort Worth Scores More High-tech Manufacturing Jobs With Help From Texas ‘deal-closer' Fund

A London-based biotech company nabbed a $730,000 grant from the “deal-closing” Texas Enterprise Fund to expand its Fort Worth plant, Gov. Greg Abbott’s office announced on Tuesday.Smith & Nephew, which supplies advanced medical equipment to more than 100 countries and employs almost 200 people in Texas, agreed to add 100 new jobs to the Fort Worth facility on Vickery Boulevard.In June, the City of Fort Worth agreed to knock off 55 percent of the company’s city property taxes for five years as long as it meets hiring and investment requirements.“Fort Worth’s commitment to supporting medical and life services companies is perfectly suited for international manufacturers like Smith & Nephew,” Robert Sturns, Fort Worth’s director of economic development, said in a statement. “The support of the state was instrumental in bringing this project to fruition.”  Continue reading...