Ross Perot Jr.'s Circle T Ranch will be the setting for the new campus. Photo via DallasNews.com
The Charles Schwab Corporation, a leading provider of financial services, is expanding itsbroperations, bringing about 1,200 jobs to Westlake’s growing daytime population.brA new corporate campus is coming to Westlake that will anchor a proposed mixed-usebrdevelopment project on about 70 acres of land.
Capital investment forbrthe new corporate campus is projected to be about $100 million and will includebr500,000 square feet of commercial office space. Governor Greg Abbott announcedbrin a press statement that Schwab has been offered a $6 million Texas EnterprisebrFund (TEF) grant for the project, which will create the largest number of newbrjobs by a TEF grant recipient since the beginning of Governor Abbott'sbradministration. Additional incentives from the Town of Westlake are pendingbrapproval and will be up for consideration on an upcoming council agenda.
Charles Schwab's decisionbrto expand its operations in North Texas is yet another testament to the LonebrStar State's promising economic climate, Governor Abbot said. “By expandingbrtheir facilities, pouring millions into the Texas economy and creating morebrthan a thousand new jobs, Charles Schwab is investing in the North Texasbrcommunity and bringing more opportunities for our world-class workforce.”
Town Manager Tom Brymerbrsaid the decision by the Charles Schwab Corporation to locate in Westlake isbrone that will further expand Westlake's reputation as the location of thebrfinancial industry cluster in the DFW metroplex. “They are a gold star companybrof the highest reputation,” Brymer said. “The Town welcomes them to Westlakebrand is pleased they have chosen Westlake as home for their next regionalbrheadquarters.”
Schwab Executive VicebrPresident Dennis Howard said the opportunity to expand in Texas is exciting.br“We'll be ramping up our recruiting efforts from among the great wealth ofbremployee talent in and around Westlake.”