Economic Development Community Profile Economic Development Community Profile | Page 38

AN ECONOMY THAT ’ S GOOD FOR BUSINESS

PUBLIC AND PRIVATE PARTNERSHIP PROJECTS

General Motors
• Assembly plant
• Opened in 1954 with 2,000 employees
• Currently employs 5,000 + employees over three shifts
• Produces 1,300 + vehicles daily , including every full-size GM SUV in the world
• Over the last 12 years , GM has invested almost $ 2 billion into this facility . The company just announced an additional $ 500 million investment to expand production capacity
Viridian
• Master planned community
• Pays $ 1 million in daily wages
• 2,300 acres with 3,954 singlefamily residential units , 1328 multi-family units
• Homes priced between $ 230k –$ 2 million
• Access to 500 acres of lakes , rivers , streams and wetlands
• $ 2.49 billion residential and commercial capital development
Loews Arlington & Convention Center
• Hotel and Convention Center with 51,000 sq . ft . ballroom , largest in North Texas
• $ 550 + million capital investment
• 150,000 sq . ft . of convention space and 888-room hotel
Wallbox USA
• First north American location for EV charging station manufacturing
• Over 50 jobs with plans to house 250 high quality manufacturing jobs by 2025 and 700 by 2030
• 130,000 sq . ft . facility
• $ 70 million capital investment
• Designs , develops and manufactures a suite of electric vehicle charging and energy management technologies for single family homes , multi-unit residential , commercial and public charging installations
Globe Life Field
• Home to the 2023 World Series Champion Texas Rangers , the 5.5-acre ballpark has a retractable roof
• $ 1.2 billion capital investment
• 40,000 seating capacity
• 500 full-time employees
• 1.8 million sq . ft . facility
• Hosted the World Series in 2020 and 2023 and MLB All- Star Game in 2024 .
The Founders Arena
• WealthTech Accelerator designed to meet the needs of startup tech entrepreneurs
• Partnership with First Rate , Inc .
• 17,650 sq . ft . facility
• $ 1.5 million capital investment
• Aims to foster innovation and entrepreneurship while engaging the community through workshops , seminars , hackathons and networking events
38
ARLINGTON , TEXAS COMMUNITY PROFILE