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AllianceTexas is driving massive growth in north Fort Worth.The sprawling 27,000-acre mixed-use development — which includes Perot Field Fort Worth Alliance Airport, busy with cargo and aerospace activity — created more than $10.2 billion in economic impact and produced $4.2 billion in property taxes paid to local entities in 2024, according to a new report presented to the Fort Worth City Council on Feb. 4.Alliance developer Hillwood had a phenomenal 2024, Mike Berry, the company’s president, said. “Thanks to our forward-thinking outlook and partnership between public and private sectors, we’ve built something that will last for many decades to come,” he said in a statement. “About 70,000 people come to work at AllianceTexas each day for some of the world’s most iconic brands. These companies, including Amazon, FedEx, BNSF Railway, Meta, Charles Schwab, Fidelity Investments, Deloitte and UPS, continue to be attracted to Fort Worth’s business-friendly environment and workforce.”AllianceTexas’ total investment surpassed $16.3 billion in 2024, with private sector investment valued at $15.2 billion. The development generated an estimated $130 billion in regional economic impact in the 35 years since the project started.“Public investment totaling $1.1 billion has been invested in the project to date, representing a 14-to-1 private-to-public-dollar investment multiple,” Berry said. Notable projectsHillwood said a major accomplishment of 2024 was the company’s collaboration with government entities to secure an $80 million Infrastructure for Rebuilding America federal grant to boost the development with a new smart bridge that will take vehicles off nearby roads and highways.That project is a critical component of a $262 million public-private partnership intended to double AllianceTexas’ inland port activity. The AllianceTexas Smart Port was the only project selected from Texas and one of just 44 awarded nationwide.With President Donald Trump’s recent proposed pause on federal funding, Berry told council members he hopes the project “stays alive.”Fort Worth Mayor Mattie Parker said AllianceTexas is an economic driver for the region to increase industry and residential developments.“AllianceTexas is already a thriving corporate destination, and by winning the $80 million INFRA grant, it is ready to redefine what it means to be a modern logistics hub,” Parker said in a statement. “AllianceTexas sets the standard nationally for providing companies with innovative resources and opportunities for growth.”Council member Charlie Lauersdorf, whose district covers most of the development, told Berry Feb. 4 that the AllianceTexas economic impact was a “good news story,” citing the development’s “incredible numbers and impressive information.”AllianceTexas — now home to more than 574 companies with 58 million square feet of office, retail and industrial space — has grown rapidly since the development started on former farmland back in 1989. Most of the development’s growth is in north Fort Worth, but related projects impact the nearby cities of Haslet, Roanoke, Northlake, Westlake and Corral City in Tarrant and Denton counties. Company relocationsWire manufacturers and aviation companies were among the businesses that relocated to Alliance in 2024. Southwire, which manufactures wire and cable for electrical transmission, opened a nearly 1.2 million-square-foot customer service center that employs 250 people. Henry Schein, a health care solutions provider to dental and medical practitioners, brought 300 jobs to Alliance with a distribution center.In December, Fort Worth-based Bell Textron Inc. announced it would develop a $632 million manufacturing facility for the company’s next generation Bell V-280 Future Long-Range Assault Aircraft. That project is expected to create 520 full-time jobs with an average annual salary of $85,000 by the end of 2039, officials said. Other company relocations include Nashville-based Embraer Aircraft Maintenance Services, which plans a $70 million facility for its growing E-Jet fleet that will bring 250 aviation jobs, as well as the entry of AVX Aviation Co., which moved into an Alliance office last year, bringing 40 jobs.Hillwood strengthened its industrial footprint with the launch of Alliance Westport 24, a 1.1 million-square-foot speculative facility, and Alliance Westport 14, a 766,994-square-foot building. ‘We’re looking for more land’The company’s business developments also include facilities in south Fort Worth. Berry pointed out that the Risinger/35 Logistics Park, located at Risinger Road and Old Burleson Road, is already built out.“We’re done down there,” Berry said. “We’re looking for more land.”Hillwood also broke ground on Landmark, a 3,200-acre mixed-use development in Denton that will include 6,000 new homes, 3,000 multifamily units and 5 million square feet of commercial and mixed-used space.Hillwood has strong, “very promising” expectations for 2025, Berry said. “I’m very excited about what this year holds,” he told council members.Eric E. Garcia is a senior business reporter at the Fort Worth Report. Contact him at eric.garcia@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.