AUSTIN - Charles Schwab Corp. is getting nearly $6 million in incentives from Texas to open an El Paso operations center and increase its presence in Austin, creating more than 1,200 jobs.
Gov. Rick Perry announced Thursday that the financial services company's Austin expansion will create 823 jobs and should generate $210 million in capital investment over the next decade.
The governor's signature Texas Enterprise Fund offered $4.5 million to seal the deal.
San Francisco-based Charles Schwab's El Paso operations should generate 445 jobs and $21.5 million in capital investment over 10 years, in exchange for $1.45 million in state funds.
The fund attracts top job-creators to Texas. Some legislators have worried about a lack of transparency, but Perry says it's invested nearly $560 million and generated 75,000 jobs since 2003.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.