Siemens AG plans to bring an advanced manufacturing plant to 7200 Harris Legacy Drive at Carter Park East to produce low-voltage switchgear and switchboards, and with it, 715 jobs and a $133 million investment into real estate and personal property.

Fort Worth Report reports Siemens Industry Inc., a subsidiary of Siemens AG, provides products, systems, and services for industrial automation, drives, motors and other energy management systems. The company already has a presence in Grand Prairie, where it manufactures low-voltage circuit breakers.

The firm’s proposed capital investment of $133 million, includes $70 million in real property improvements by the end of 2024 and $63 million in business personal property by January 2025.

In exchange, the City of Fort Worth is proposing a 10-year tax abatement of up to 70% of incremental real and business personal property – an estimated value of $6 million.

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