EDC PROJECT
EDC Annual Report 2024 // 11
E-Space
E-space , Inc . entered a public-private partnership with the City and the Arlington EDC to establish their North American headquarters and satellite manufacturing facility at the Arlington Municipal Airport . Building off the current economic momentum at the Airport , E-space will create and fill a minimum of 400 jobs with an average salary of $ 95,000 in the first five years . The Arlington EDC committed to contributing up to $ 50 million toward construction of the headquarters and manufacturing facility , which will be leased by E-space but owned by the Arlington EDC under the agreement .
EDC PROJECT
Arlington Municipal Airport ’ s Fixed Base Operator
The City of Arlington acquired Arlington Municipal Airport ’ s fixed base operator ( FBO ) with $ 9.5 million in funding from the Arlington EDC and $ 7.5 million in airport gas revenue and airport-dedicated funding from Arlington Tomorrow Foundation .
Over the next 20 years , the airport development is projected to create 300 jobs with an average wage of $ 78,000 , $ 2 billion in total economic output , and $ 85 million in net benefits for the City , Tarrant County and AISD . The project will enable the airport to develop as a premier reliever airport in the Metroplex and become a destination for aerospace research and development .