46.6 F
Fort Worth
Wednesday, December 2, 2020
Banking GM Financial celebrates new Arlington facility, promises more jobs

GM Financial celebrates new Arlington facility, promises more jobs

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

General Motors Financial Co. Inc. has completed a $35 million addition to its South Arlington campus while foreseeing job growth in the coming year.

“I think there’s room for growth in this facility. I think you can expect a handful of additions [employees], not massive growth, in the coming year,” said Chris Burt, executive vice president-chief human resources officer of GM Financial, minutes before the Fort Worth-based auto lender cut the ribbon on the 240,000-square-foot building at 3801 S. Collins St.

The Nov. 29 ribbon-cutting came six years after the firm, formerly known as AmeriCredit, acquired the facility, formerly a JPMorgan Chase call center. It is one of four buildings the company occupies on more than 80 acres of land in south Arlington. About 3,430 employees work in the facilities, not including 716 at its Fort Worth headquarters.

The firm expects modest growth in the coming year, though Burt did not specify numbers of new employees expected to be hired. “It’s overall growth, not one particular area in our business,” Burt said.

The company, a subsidiary of General Motors Co., employs 4,597 statewide, with 75 percent based in Arlington. About one third of its Arlington workforce lives in the city, Burt said, with the balance living in surrounding communities.

“Our preference is to pull from this market when we can,” said Burt, whose firm also recruits from The University of Texas at Arlington, among other area schools. In fact, its internship with UNT was tripled, and most of its 50 interns come from the Arlington university.

About 1,300 employees will be based in the newly opened facility and will work in marketing, loan services, human resources and customer service. The firm considered several locations before choosing the Arlington property.

“I had looked at CentrePort,” said Michael Duskin, senior vice president of corporate administration, referring to CentrePort Business Park near Dallas Fort Worth International Airport.

“But this Arlington location made sense. It allowed the opportunity for some expansion,” Duskin said.

Arlington Mayor Jeff Williams lauded the expansion, comparing its impact to DR Horton’s decision to move its headquarters to town, as well as growth in the city’s entertainment district and General Motors’ $1.4 billion investment in its Assembly Plant.

“And perhaps even more importantly, all of these moves are bringing quality, high-paying jobs to our city. With a track record like that, it is clear dreams are getting done in Arlington,” Williams said.

A state representative agreed.

“What it means is here in Texas, we maintain a very friendly business climate, and we don’t punish you for being successful,” said state Sen. Brian Birdwell, R-Granbury. “We’re certainly glad they chose Arlington,” Birdwell said.

Completion of the newest south Arlington building comes as the firm reports robust business. Retail loan originations reached $5.1 billion in third quarter 2016 compared to $4.7 billion in the same period last year. Meanwhile, total assets have grown from $65.9 billion in fourth quarter 2015 to $82 billion in the same period this year.

Though most GM Financial employees are based in North Texas, a handful work in Sugar Land near Houston and in San Antonio. Employment at the latter location likely will rise when a new servicing center greets San Antonio in 2017.

“This is sort of the model for that,” Burt said of the Arlington building. “It’s not just adding people; we’re growing intentionally.”


Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Grand Prairie Deputy Mayor Pro Tem Swafford dies from COVID

City of Grand Prairie Deputy Mayor Pro Tem Jim Swafford died from COVID-19 Tuesday, Dec. 1, 2020, while hospitalized at Methodist Mansfield Medical Center. He...

Texas Trust appoints Chief Growth Officer

Texas Trust Credit Union has appointed Ron Smith to the new role of Chief Growth Officer, charged with developing and executing data-driven strategies to...

Gov. Greg Abbott endorses Drew Springer over Shelley Luther in Texas Senate special election runoff

Gov. Greg Abbott on Tuesday endorsed state Rep. Drew Springer, R-Muenster, in his bid to join the Texas Senate, charging into a heated intraparty...

Texas must boost coronavirus control efforts amid “full resurgence” of infections, White House report says

Texas must ramp up efforts to slow the spread of the coronavirus as the state experiences a “full resurgence” of COVID-19 infections, according to...

Alto partners with Toys for Tots as ‘On Demand’ Santa returns

Alto announces partnership With Toys For Tots, return of on-demand Santa Alto, a Dallas-based rideshare and delivery company, has announced it will partner with national...