DALLAS–Following the 2014 trend, Omnitracs announced plans to move its headquarters from California to Texas. The company, which provides fleet management solutions to the trucking industry, will move from San Diego to Dallas, creating 450 jobs and $10 million in capital investments.
“Our new headquarters in downtown Dallas will situate us much closer to many of our fleet customers and provides convenient access by air to virtually all of our clients,” says John Graham, CEO of Omnitracs, in a statement. “This is an exciting time in the evolution of our growing business and we look forward to the many opportunities associated with this new location.”
The move was made possible by a $3.9 million Texas Enterprise Fund investment. To date TEF has invested roughly $560 million to help create 74,800 jobs and more than $24 billion in capital investments.
Further details on Omnitracs’ move have not yet been made public. This announcement follows on the heels of ACTIVE Network’s announcement that the San Diego-based company will be moving its global headquarters to Dallas as well as Toyota Financial Services’ plans to move its corporate headquarters from Torrance, CA, to Plano, TX, beginning in 2017.
“Employers of all sizes and from all industries know that Texas’ model of low taxes, smart regulations, fair courts and skilled workforce provide the best chance for their success now and well into the future,” says Governor Rick Perry. “Omnitracs is the latest employer to call Dallas home, creating hundreds of jobs in the area and pumping millions in capital into the local economy.”