FORT WORTH — Two Fort Worth medical companies, Galderma Laboratories and Smith & Nephew, are seeking tax incentives to be used toward expansions.

FORT WORTH — Two Fort Worth medical companies, Galderma Laboratories and Smith & Nephew, are seeking tax incentives to be used toward expansions.


Galderma Laboratories, which makes dermatological pharmaceuticals, wants to build 100,000-square-feet at its north Fort Worth headquarters for an expansion that could create at least 100 new jobs.


The building would office its training, marketing, sales and regulatory affairs divisions. It would be located at the northeast corner of Texas Longhorn Way and Heritage Parkway, on the west side of Interstate 35W just north of Alliance Airport.


The 10-year incentive would provide grants up to 50 percent of the incremental real and business personal property taxes of the $13.8 million project. The incentive is valued at about $635,000 over the 10-year term.


Under the terms, Galderma would retain 280 jobs in Fort Worth, but create 35 jobs by Dec. 31, 2016 and an additional 65 jobs by Dec. 31, 2021, but that could grow by several more positions. The average pay for those jobs is $85,000.


The company is also looking at sites in New Jersey and New York for the expansion.


In a second project, Smith & Nephew, a London-based medical technologies firm that makes wound care and surgical products, is seeking a five-year, $250,000 incentive on the incremental real and business personal property taxes for a 55,000-square-foot building it will lease at Clearfork Main Street and Chisholm Trail Parkway.


The company has a wound management division at 3909 Hulen St. That division has its headquarters in St. Petersburg, Fla. It is said to be looking at a site in Austin and Maryland.


The building is being developed by Cassco Development. Under terms of the deal, Smith & Nephew will retain 170 jobs in Fort Worth, and create 20 new jobs by Dec. 31, 2016 and a minimum of 60 new jobs by Dec. 31, 2021. The average salary will be $85,000.


Both incentive deals require the companies to fill the positions with a certain percentage of Fort Worth residents. Galderma also must annually spend money to buy supplies and services from Fort Worth companies and Fort Worth minority and women-owned businesses.


The City Council is scheduled to vote on the incentives Tuesday.


Sandra Baker, 817-390-7727


Twitter: @SandraBakerFWST


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