The Charles Schwab Corporation will establish a new regional campus in Westlake, TX. Schwab’s new campus will include more than 500,000 square feet of commercial office space, $100 million in planned capital investment and the creation of at least 1,200 new jobs over the next 10 years.
A Texas Enterprise Fund (TEF) grant offer of $6 million has been extended to Charles Schwab. The project will create the largest number of new jobs by a TEF grant recipient since the beginning of Governor Greg Abbott’s administration.
”We’re excited to have this opportunity to expand our presence in Texas, and we’ll be ramping up our recruiting efforts from among the great wealth of employee talent in and around Westlake,” said Schwab Executive Vice President Dennis Howard. “Like Austin, where we already have approximately 1,500 employees, and El Paso where we are building our presence, the Dallas/Fort Worth area is an important location for Schwab to better serve our clients. We look forward to significantly expanding our footprint there over the coming years.”
“Texas remains the brightest beacon of free enterprise in the nation, and Charles Schwab’s decision to expand its operations in North Texas is yet another testament to the Lone Star State’s promising economic climate,” said Gov. Abbott. “By expanding their facilities, pouring millions into the Texas economy and creating more than a thousand new jobs, Charles Schwab is investing in the North Texas community and bringing more opportunities for our world-class workforce. I am proud this leader in the financial industry has chosen to expand in the Lone Star State.”
“Westlake is delighted that The Charles Schwab Corporation has selected us as the location of its new campus,” said Westlake Mayor Laura Wheat. “Schwab has a long, strong and distinguished reputation in the financial services industry and joins other prestigious companies who call Westlake home. The Charles Schwab Corporation is certain to be an integral piece of the financial services cluster that is coming together in Westlake and along the State Highway 114 Corridor. We welcome Schwab to Westlake and feel very fortunate to count them as our newest corporate citizen.”
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