The Arlington Economic Development Council recommend approval of a $1.89 million incentives grant for a major manufacturer looking to move its U.S. headquarters to North Texas.
The company, Salcomp Manufacturing USA, is a market leader in smart phone chargers, according to Arlington EDC documents. It is the U.S. subsidiary of tech power supply company Salcomp, which is headquartered in Finland and operates production plants in several countries.
Last week’s recommendation comes as Salcomp makes plans to establish its headquarters in Arlington, adding 660 new jobs and 3 additional production lines to their existing facilities in the city. Over 150 of those new positions will make an average salary of $122,000 and the company plans to fill the new roles with local residents or UT-Arlington graduates, according to a Sept. 24 staff report from the AEDC.
Salcomp recently entered an agreement with renewable energy company Enphase Energy to produce 60% of its solar panel microinverters at its Arlington facilities. The company already has a presence in the city at 2400 Centennial Drive.
Arlington City Council is expected to vote on the incentives package Oct. 22, the Dallas Business Journal reported.
The details of the incentive grant are laid out in a 9-page performance agreement. If approved, Salcomp must announce the new headquarters in Arlington by the end of the year and move most of its administration and management to the city by June 30, 2025. They will also have to make $3 million in facilities improvements and create 150 new six-figure jobs by the end of 2028, among other terms.
Should Salcomp breach the agreement, all or a portion of the grant payments maybe be recaptured by the city.
