EDC PROJECT
EDC Annual Report 2024 // 13
Ikon Technologies Office Expansion
Ikon Technologies , an innovative start-up software developer serving the auto dealership industry , has committed to remain in Arlington with expanded capacity for high-wage job opportunities and major revenue growth . Business retention and expansion is a key component of the City ’ s economic development strategic plan .
The Arlington EDC will provide a $ 7 million grant as part of a 15-year agreement with Ikon . As part of the performance agreement , Ikon will maintain its headquarters in the city , grow the total number of employees by a minimum of 150 workers and participate in annual outreach to UTA students and graduates for employment opportunities , among other conditions .
ED PROJECT
Acciona
Acciona Facility Services is a 100-year-old multinational conglomerate based in Spain and will establish its U . S . headquarters for their facility services division in Arlington . With four core lines of business including renewable energies , water management , construction and facility services , they have over 57,000 employees in 40 countries . The company typically employs 250- 300 workers per each of its locations and will promote job opportunities to Arlington residents .
The City will provide a sales tax rebate grant , designed to foster Acciona ’ s growth while ensuring that Arlington benefits from job creation and sustained business operations . Under the terms , the City of Arlington will rebate 65 % of the sales tax paid on taxable sales generated during the year of the relocation , providing financial support to the company while boosting local economic development .