Bell Helicopter Textron - Granicus
Transcript of Bell Helicopter Textron - Granicus
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Bell Helicopter Textron
Jay Chapa Housing and Economic Development Department
November 1, 2011
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Company Background • Founded in 1935 • Headquartered in Fort Worth, Texas • Additional plants in Amarillo, TX and Mirabel,
Canada • Maintain key logistics supply and service
centers in Europe, Canada, and Singapore as well as in the USA
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Company Products
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Project
• Expansion/consolidation of current Fort Worth facilities at the main headquarters operation located south of Hwy 10 and north of Trinity Blvd. and at Centreport distribution facility
• Project consist of a new headquarters facility, employee center and training academy at the headquarters site
• This project will be constructed in four phases • Effort is to improve efficiencies that will allow
Bell to stay competitive in the long term
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Current Locations In Tarrant County
Facility to Consolidate
Facility to Remain in Current Location
Bell Helicopter Facility
Plant 8A (Fort Worth)
Training Academy / Customer Service Center, Bldg. 63 /
Military Programs Center (MPC)
Plant 8B (Roanoke)
Bldg. 55 / Logistics Center, Repair and Overhaul Center (ROC)
Plant 1 & 2 (Fort Worth)
HQ, Rotor Systems Center (RSC) , Advanced Composite
Center (ACC)
Plant 3 (Fort Worth)
Central Distribution Center (CDC)
Plant 5 (Grand Prairie)
Drive Systems Center (DSC)
Plant 6 (Arlington)
XworX
Plant J (Fort Worth)
Warehouse
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Development Commitments • Investment
– Minimum investment of $235 M by December 31, 2015 – Fort Worth Construction – Minimum of 30% – Fort Worth M/WBE Construction – Minimum of 25%
• Jobs – Retain 4,500 FTE from Dec. 31, 2014 through Dec. 31, 2020 – 4,100 FTE by December 31, 2022 – 3,900 FTE by December 31, 2028 – Maintain 20% of FTE with Fort Worth residents – Maintain 5% of FTE with Central City residents
• Supply & Service – Fort Worth contractors – minimum of $1,000,000 – Fort Worth MWBE contractors – minimum of $500,000
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Development Commitments by Phase • Phase I-- $5 M
– Construction of a new employee center by December 31, 2012 • Phase II -- $5 M
– Relocation, consolidation and renovation for the repair and overhaul activities as well as relocation of inventory to the central distribution center at CentrePort by December 31, 2013
– If the additional new investment is not met the program grants will be reduced by 15% for the remainder of the agreement
• Phase III --$50 M – Construction of a new main headquarters and administration building
and associated infrastructure at Hwy 10 and Bell Spur by December 31, 2014
– If the additional new investment is not met the program grants will be reduced to a maximum of 50% for the remainder of the agreement
• Phase IV --$15 M – Construction of a new training academy at Norwood Drive and Trinity
Blvd by December 31, 2015 – If the additional new investment is not met the program grants will be
reduced by 5% for the remainder of the agreement • $160 million in personal property to be invested by 12-31-2015
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Existing Plant 1 & 2 Configuration
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Proposed Plant 1 & 2 Site Plan
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• Consolidated campus • Center for administration, engineering,
human resources, program offices
Traditional design
Intra-building connectivity
Administration Building
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• Consolidated campus • Utilizes existing facility resources for training, ROC, and warehousing
World class integrated training facility
Flight training and airfields in a location less affected by metroplex growth
Training Academy
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Proposed Plant 1 & 2 Site Plan
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Training Academy Improvements
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Recommended Economic Development Incentive
• City enters into a 1-year tax abatement and 19-year, Chapter 380 Economic Development Program agreement to abate/refund up to 80% on incremental Ad-valorem taxes created within Fort Worth above current Bell taxes base
• Waiver of development fees associated with the project
• Enter in to an Enhanced Community Facilities Agreement (ECFA) of up to $1.0 million for the road improvements on South Norwood Street
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Proposed Incentive Terms
• Failure to meet investment deadline for Phase 1 results in default and termination of agreement and other phases have reduction of abatement/grant
• Failure to meet a commitment will result in a reduction of the corresponding component of the grant for that year proportional to the amount the commitment was not met
Company Commitment Potential
Abatement
Real and Personal Property Investment 30%
Fort Worth Contractors 10%
Fort Worth M/WBE Contractors 5%
Overall Employment 5%
Employment of Fort Worth Residents 10%
Employment of Fort Worth Central City Residents 10%
Utilization of Fort Worth Companies for Services and Supplies 5%
Utilization of Fort Worth M/WBE Companies for Supplies and Services 5%
TOTAL 80%
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Development Summary
• Private Investment – Minimum $235 M in real and personal property
• Employment
– 4,500 by December 31, 2020
• Public Investment for abatement and 380 grant capped at 10:1 ratio private investment to public investment – Est. Benefit $13,500,000 – Est. Ratio 16:1 – Norwood Infrastructure ECFA: $1,000,000
• CFW Tax Revenue (20 yr projection)
– Est. New RP & BPP $ 3,375,000 – Existing RP & BPP $43,325,000 – Total Revenue $46,690,000
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Questions / Comments