Texas Insider Report: AUSTIN Texas Gov. Rick Perry today announced Prudential Financial Inc. will create 300 jobs at a new facility in El Paso with a focus on hiring veterans and their family members. The company is receiving a $1.15 million investment from the Texas Enterprise Fund to close the deal on this job creation and multimillion dollar investment. Execution of the states agreement is contingent upon finalization of a local incentive offer as required by program criteria.
Texas isnt just competing against other states for jobs like the ones Prudential is bringing to our state were competing against other nations and a win for Texas means a win for the United States" Gov. Perry said. Thats why we work hard to maintain our economic climate built upon our ongoing commitment to fiscal conservatism and maintaining a world-class workforce. Filling a major part of that workforce are our dedicated talented military veterans and Prudentials focus on filling these quality new jobs with Texas capable veterans is a move that will greatly benefit employer and employee alike."
This announcement comes on the heels of yesterdays news that Toyota will be moving its North American headquarters and generating nearly 4000 jobs in Plano. In the past two years several major corporations including Apple Chevron Visa and Tenaris have announced expansions in Texas and are expected to add more than 6700 jobs. To date the TEF has invested more than $560 million and closed the deal on projects generating nearly 74800 new jobs and over $24 billion in capital investment in the state.
Prudential is partnering with HGS USA on the El Paso facility which will provide information technology support and contact center and back office services.
Prudential is a financial services leader with more than $1.1 trillion of assets under management as of Dec. 31 2013 and operations in the U.S. Asia Europe and Latin America. Prudential assists individual and institutional customers through a variety of products and services including life insurance annuities retirement-related services mutual funds and investment management.
Were delighted to open our new technology and business operations center in El Paso with its diverse and skilled community" Prudential Chairman and CEO John Strangfeld said. With this new business Prudential is continuing its commitment to provide meaningful training and employment to veterans military service members and their families and people from diverse backgrounds."
Prudential has a longstanding commitment to veterans and active service members implementing company-wide programs to help transition veterans and supporting similar programs that provide veterans with access to education job training and employment opportunities.
El Paso is proud to be a new home for Prudential. The city and all our partners are committed to ensuring the success of Prudentials latest expansion. Prudential has proven their dedication to our armed forces and todays announcement continues to show their support of the military through the commitment to hire military veterans and their spouses" El Paso Mayor Oscar Leeser said. I want to thank Prudential Chairman and CEO John Strangfeld and Prudential CIO Barbara Koster and their team for their trust in the El Paso community and our skilled workforce."
The Legislature created the TEF in 2003 and reauthorized funding in 2005 2007 2009 2011 and 2013 to help ensure the growth of Texas businesses and 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 states most competitive tools to recruit and bolster business.
Texas Insider Report: AUSTIN Texas Gov. Rick Perry today announced Prudential Financial Inc. will create 300 jobs at a new facility in El Paso with a focus on hiring veterans and their family members. The company is receiving a $1.15 million investment from the Texas Enterprise Fund to close the deal on this job creation and multimillion dollar investment. Execution of the states agreement is contingent upon finalization of a local incentive offer as required by program criteria.
Texas isnt just competing against other states for jobs like the ones Prudential is bringing to our state were competing against other nations and a win for Texas means a win for the United States" Gov. Perry said. Thats why we work hard to maintain our economic climate built upon our ongoing commitment to fiscal conservatism and maintaining a world-class workforce. Filling a major part of that workforce are our dedicated talented military veterans and Prudentials focus on filling these quality new jobs with Texas capable veterans is a move that will greatly benefit employer and employee alike."
This announcement comes on the heels of yesterdays news that Toyota will be moving its North American headquarters and generating nearly 4000 jobs in Plano. In the past two years several major corporations including Apple Chevron Visa and Tenaris have announced expansions in Texas and are expected to add more than 6700 jobs. To date the TEF has invested more than $560 million and closed the deal on projects generating nearly 74800 new jobs and over $24 billion in capital investment in the state.
Prudential is partnering with HGS USA on the El Paso facility which will provide information technology support and contact center and back office services.
Prudential is a financial services leader with more than $1.1 trillion of assets under management as of Dec. 31 2013 and operations in the U.S. Asia Europe and Latin America. Prudential assists individual and institutional customers through a variety of products and services including life insurance annuities retirement-related services mutual funds and investment management.
Were delighted to open our new technology and business operations center in El Paso with its diverse and skilled community" Prudential Chairman and CEO John Strangfeld said. With this new business Prudential is continuing its commitment to provide meaningful training and employment to veterans military service members and their families and people from diverse backgrounds."
Prudential has a longstanding commitment to veterans and active service members implementing company-wide programs to help transition veterans and supporting similar programs that provide veterans with access to education job training and employment opportunities.
El Paso is proud to be a new home for Prudential. The city and all our partners are committed to ensuring the success of Prudentials latest expansion. Prudential has proven their dedication to our armed forces and todays announcement continues to show their support of the military through the commitment to hire military veterans and their spouses" El Paso Mayor Oscar Leeser said. I want to thank Prudential Chairman and CEO John Strangfeld and Prudential CIO Barbara Koster and their team for their trust in the El Paso community and our skilled workforce."
The Legislature created the TEF in 2003 and reauthorized funding in 2005 2007 2009 2011 and 2013 to help ensure the growth of Texas businesses and 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 states most competitive tools to recruit and bolster business.
