Electrifying Funkytown: Linear Labs + Fort Worth
The City of Fort Worth finalized an economic incentive package deal with Linear Labs in June that provided a nearly $70 million Research and Development (R&D) grant for the innovative, electric-motor company. This package represented the first use of this R&D tax credit by the City of Fort Worth, a tax credit that is believed to be the first-of-its-kind in the country. But, what is it exactly and why is it important? Here are a few more details on this groundbreaking incentive for investment in innovation in Fort Worth. What is Linear Labs and what makes them special? Founded in 2014 by...