AUSTIN—Gov. Rick Perry's administration talked to Chuck and provided his company with about $6 million in Texas Enterprise Fund incentives. The state said late last week that Charles Schwab Corp. is expanding its presence in Austin and adding a new operations center in El Paso, in the process creating more than 1,200 new jobs.
The TEF is providing $1.45 million for the El Paso project, which will create 445 jobs and $21.5 million in capital investment over the next decade. Contingent upon finalization of a local incentive package, the $4.5-million TEF investment in the Austin project will create 823 jobs and $210 million in capital investment over the next ten years.
El Paso will represent the newest major employment center for Schwab, joining its corporate headquarters in San Francisco as well as facilities in Denver, Phoenix, Indianapolis, Richfield, Chicago, Orlando and Austin. The company also has approximately 320 retail branch offices across the US.
"We're very pleased to be expanding our footprint in Texas,” says Joseph Martinetto, EVP and CFO at Schwab. “We've already started the process of recruiting new talent, and we're excited to become a part of the El Paso community, as we have in Austin where we already have approximately 1,000 employees.”
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