FY 2016 Popular Annual Financial Report FY 2016 Popular Annual Financial Report | Page 11

Straumann Doubles Its Arlington Production Site
Straumann Manufacturing , a global leader in dental prosthetics , completed expansion of its only North American production facility in 2016 .
Besides adding 12 new jobs , the dental implant manufacturing company doubled the size of its facility in Arlington ’ s Great Southwest Industrial District .
In early 2015 , the Arlington City Council authorized a Chapter 380 Program Agreement that provided economic development incentives if the company stayed and expanded .
Under the agreement , Straumann will receive a grant equivalent to 85 percent of the City ’ s portion of business personal property taxes paid for seven years on the property related to the expansion . The City will also provide a grant of $ 2,000 per Arlington resident who is hired , as long as the employee ’ s wages are confirmed to be above Arlington ’ s median wage for that year .
Arlington Increases MWBE Goals for City Contracts
The City of Arlington continues striving to increase opportunities for disadvantaged , minority and woman-owned business enterprises , known collectively as MWBE , to be awarded contracts for goods , services , construction and professional services .
The Local and Minority Woman-Owned Business Enterprise Policy , adopted in 2013 , originally set a 20 percent aspirational goal for all City procurement contracts awarded to MWBE businesses . In May 2016 , the City Council voted to update the policy , increasing the good-faith effort goal to 25 percent and placing more emphasis on contractors providing the City information about whether subcontractors are MWBE certified . Arlington also began requesting payment records from contractors to track whether the City ’ s good-faith effort goals are being met .
Other Business News Around Arlington
• WinCo Foods opened a 86,000-square-foot grocery store at 4620 S . Cooper Street in September 2016 .
• The WNBA Dallas Wings played its inaugural season at UT-Arlington ’ s College Park Center .
• General Electrodynamics Corp , located in a 35,000-squarefoot facility on Calendar Road , announced plans to scale to a newer , more modern facility within Arlington in the next three years .
• Skyline Sector 5 , which relocated to the Great Southwest Industrial District from Grand Prairie , celebrated its 15 th anniversary .
• The General Motors Arlington Assembly Plant ’ s $ 1.4-billion expansion was named one of the Dallas Business Journal ’ s 2015 Best Real Estate Deals in April 2016 .
Wrestlemania 32 Brings Whopping Economic Impact
WWE ’ s Wrestlemania 32 brought more than top wresting stars to The American Dream City . The April 3 , 2016 , event at AT & T Stadium set an attendance record of 101,763 fans who traveled from all 50 states and 35 countries . It was also the highest-grossing live event in WWE history at $ 17.3 million .
D . R . Horton ’ s Headquarters Under Construction
D . R . Horton , Inc ., the nation ’ s largest builder , made significant progress on construction of its new $ 20 million corporate headquarters in 2016 .
The four-story office complex is set to open along the I-30 frontage road just east of Collins Street in 2017 . The relocation from Fort Worth is expected to bring an estimated 500 jobs to Arlington .
The City of Arlington approved a $ 5.5-million development grant to assist D . R . Horton with improvements to drainage , roadways , structured parking and other infrastructure .
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