Wichita Falls Approves Funding for Howmet Expansion and Economic Development Initiatives
The Wichita Falls Economic Development Corp. approved a $3.5 million loan to Howmet Aerospace for a plant expansion, creating 230 jobs. Additionally, $2.045 million was allocated to Forward Wichita Falls for ongoing economic development efforts.
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The Wichita Falls Economic Development Corp. allocated $3.5 million in a forgivable loan to Howmet Aerospace to expand its facility by 100,000 square feet, expected to generate 230 new jobs. This expansion is part of a larger $70 million investment by the company, which currently employs over 900 individuals in the region.
Forward Wichita Falls received an additional $2.045 million for the 2026-2027 Fiscal Year, increasing its budget by $137,000. The nonprofit has facilitated the retention or creation of 1,200 jobs and attracted over $12 billion in capital investment, primarily driven by the upcoming Skybox data center project.
The WFEDC also approved a $50,000 request from IdeaWF to support entrepreneurship training. Continued investment in the area may bolster job recovery post-pandemic, while uncertainties in data center operations could pose risks.
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