Thomson Reuters Expanding Texas Operations

The global news and information company will invest $6 million and create at least 250 new jobs in Texas.


https://businessfacilities.com/2016/04/thomson-reuters-expanding-texas-operations/
The global news and information company will invest $6 million and create at least 250 new jobs in Texas.
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Thomson Reuters Expanding Texas Operations

Thomson Reuters Expanding Texas Operations

Thomson Reuters will expand its current operations in Carrollton, TX, resulting in at least 250 new jobs and $6 million in capital investment. The company is expanding its existing 240,000-square-foot building where it currently employs over 1,000 people in roles including software development, sales, customer support, finance, human resources, legal, marketing, and project management.

Thomson Reuters
(Credit: © James R. Thompson, Inc.)

“Thomson Reuters has an outstanding local workforce and deep roots in the community, so we’re pleased and proud to continue growing in the Dallas area,” said Brian Peccarelli, President of the Tax & Accounting business of Thomson Reuters, which is headquartered in Carrollton.

Thomson Reuters has a workforce of 55,000 employees worldwide and  has been named one of the World’s Most Admired Companies and recognized as one of the Best Companies for Work-Life Balance. Thomson Reuters is the world’s leading source of news and information for professional markets. The business is currently ranked 68th by Forbes on the list of World’s Most Valuable Brands.

A Texas Enterprise Fund (TEF) grant offer of $1.538 million has been extended to the company. The Texas Legislature created the TEF in 2003 and reauthorized funding in 2005, 2007, 2009, 2011, 2013 and 2015 to help attract new companies to Texas and expand existing businesses to create more jobs throughout the State. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive economic development tools.

The City of Carrollton partnered with the Office of the Governor to facilitate state and local support for Thomson Reuters’ expansion.

“Texas is continuing to diversify its economy through the growth of technology companies such as Thomson Reuters, and we are proud they have chosen Carrollton as the site of their next expansion,” said Governor Greg Abbott. “Thanks to our low taxes, reasonable regulations and right-to-work laws, the Lone Star State continues to be a beacon of free enterprise throughout the country and the world. As Governor, I will continue to pursue policies that expand freedom and opportunity for all Texans.”

“We are grateful for the State’s offer of Texas Enterprise Fund assistance to Thomson Reuters, a long-time Carrollton company,” said Matthew Marchant, Mayor of Carrollton. “The efforts of the Governor’s office to create new jobs and grow corporate citizens like Thompson Reuters will ensure that our community and state remain economically sustainable. The award is a testament to our region’s commitment of fostering re-investment opportunities and maintaining a business friendly environment.”

Relocating or Expanding Your Business In Texas

Considering Texas for your company’s relocation or expansion project? Check out Business Facilities’ Texas Incentives and Workforce Development Guide.

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