
The Mansfield City Council has approved an economic development agreement with leading American tool manufacturer Klein Tools for the location of its new Advanced Manufacturing Technology Center (AMTEC) in the city.
The performance-based agreement could result in the creation of 585 jobs and a $76 million investment by the Chicago, Illinois-based company.
The net economic impact to Mansfield has been estimated at more than $7.6 million over the first 10 years, with a $4.5 billion economic impact over 10 years to the State of Texas.