McMaster-Carr Supply Co. plans to invest $180 million in a new regional headquarters and distribution center. Fort Worth, in return, will provide incentives as high as $18 million if the company builds its factory out in a timely manner. The Dallas Business Journal reports the new regional headquarters will create almost $57 million in new incremental property and sales tax revenue, part of which will go to the $18 million in grants. If McMaster-Carr doesn’t complete the project on time, the firm will forfeit grants from the city. 

McMaster-Carr Supply Co is an e-commerce distribution company that supplies specialized equipment, hardware, tools and other products. The expansion would create 250 jobs with an average annual salary of $85,000. 

The firm has an existing footprint in cities like Atlanta, Chicago, Cleveland, Los Angeles and New Jersey. The Fort Worth facility marks the company’s sixth regional headquarters.