Commissioners approved a 10-year deal that could save the accounting and consulting firm up to $5.1 million.
Deloitte University is a half-mile-long campus in Westlake and will be expanded throughout the next six years with eight new buildings.FORT WORTH — A $300 million expansion of Deloitte’s training center campus in Westlake is getting the green light from Tarrant County commissioners with Tuesday’s approval of tax breaks for the accounting and consulting firm.
“We certainly appreciate the great corporate citizen that Deloitte has been in our area,” said commissioner Gary Fickes. Deloitte cannot receive more than a 75% tax abatement during a single year. The rate starts at 55%, as long as Deloitte hits a minimum of $300 million in its capital investment, keeps all existing jobs and creates the 25 jobs. Increased spending and more jobs can increase the tax break percentage.Tarrant County is estimated to receive $1.7 million in property taxes from the project. That number is based on current tax rates and a $300 million investment.
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