General Motors Financial Company, Inc. will build a new financial servicing center in San Antonio, TX, creating up to 500 new jobs within the next four years. The 100,000-square-foot facility will be built on 13.8 acres of land off of Raymond E. Stotzer Freeway. Construction is scheduled to begin in early 2016 and GM Financial will begin occupying the building in the first quarter of 2017.
“As GM Financial continues to grow to support General Motors, we have a strategic focus on providing best-in-class service to our customers and dealers,” said CEO Dan Berce. “This additional facility will help us do that by expanding our workforce and service capacity in a strong and vibrant employment market. We are excited to add another servicing center in the state that is home to GM Financial’s corporate headquarters and other operational facilities.”
The San Antonio location was selected based on several factors, including a strong workforce, an ideal time zone that can service customers across the U.S., and incentives offered by the city, county and state, including a $2.5 million state incentive from the Texas Enterprise Fund.
“Texas is proud that GM Financial has chosen San Antonio as the home of its next financial servicing center,” said Gov. Greg Abbott. “Thanks to our low-tax, low-regulation environment, GM Financial will be creating nearly 500 jobs and investing tens of millions of dollars in the Texas economy. As Governor, I will continue to pursue policies that encourage this type of investment with the goal of making Texas an even better place to live, work and raise a family.”
“We are excited that GM Financial has selected San Antonio as the home of their operations facility,” said Wayne Peacock, Chairman of the San Antonio Economic Development Foundation. “GM Financial will generate a lasting economic impact on the community by committing to add 490 new jobs, with the possibility of growing that number up to 700 over time. In fact, according to analysis conducted by Impact DataSource, the total economic output over the first 10 years of operations could reach nearly $333 million.”
GM Financial, which employs approximately 6,700 people in the U.S. and Canada, also has financial servicing centers in Arlington, TX; Chandler, AZ; Huntersville, NC; and, Peterborough, Ontario, Canada. The company also has 18 credit centers across the U.S. and Canada, including one in San Antonio and is headquartered in Fort Worth, TX.