Lewisville approves incentives for Ericsson’s 5G factory

​​​LEWISVILLE – ​Ericsson is transforming an existing 300,000-sf facility at 2601 S. Valley Pkwy. into its first fully automated 5G factory.  

The company will invest $64 million into factory renovations, utilities and infrastructure​ upgrades, office space, employee amenities, and energy efficient technologies. 

Ericsson will employ 400 full-time employees over a four-year period with an annual total payroll of $28 million. ​

The city has approved three economic incentives, including an annual grant based on 75 percent of the business personal property taxes paid to the city for ten years.

The Real Estate Center has more on DFW’s industrial market:

• ​​Texas Quarterly Commercial Report
• ​Dallas-Fort Worth-Arlington industrial news​