Charles Schwab to bring 823 jobs to AustinCharles Schwab to bring 823 jobs to Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35172014-07-27T21:52:00Z2014-07-28T00:00:00Z

AUSTIN - Governor Rick Perry’s office has announced a deal with Charles Schwab to bring 823 tech jobs to North Austin.

The tech workers, who would be paid an average wage of $79,602, would be added over ten years to the firm’s existing Austin workforce of almost 1,000 employees.

Schwab also has committed to making $196 million in capital investments, including construction of a 200,000- to 300,000-sf office on a 50-acre site at IBM’s Tivoli Software campus, which is across Burnet Rd. from the Domain.

Gov. Perry’s commitment of $5.95 million from the Texas Enterprise Fund to Schwab is just the latest deal-closing incentive used to lure businesses to the Lone Star State.

Schwab also is opening a call center in El Paso as part of its Texas expansion. The state is providing $1.45 million for the El Paso project, which will create 445 jobs and $21.5 million in capital investment over the next ten years.

For more on Gov. Perry’s recent use of the Texas Enterprise Fund, see previous story Texas $62M woo companies; $68M leftover.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/schwab-bringing-820-tech-jobs-to-austin/ngmyn/#3d3fe2e0.3461230.735439Read more at {Source}

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