Schwab breaks ground on campus to house 2,600 employees in Westlake

Charles Schwab & Co. Inc., broke ground Sept. 19 for its new Dallas-Fort Worth area campus at Circle T Ranch in Westlake.

Texas Governor Greg Abbott, Hillwood Chairman Ross Perot Jr. and Westlake Mayor Laura Wheat were among the officials who joined

founder and Chairman Charles Schwab and nearly 200 members of the community and local Schwab employees to kick off the construction of the first phase of Schwab’s campus that will house up to 2,600 employees when fully completed in early 2019.

“Texas is an important part of the Schwab family, and we’re glad to put another stake in the ground here,” said Schwab in a news release. “We’re very optimistic about where we’re headed as a company and our future here in Texas. One of Texas’ great strengths is its optimism and perseverance, which we’ve seen in such a dramatic way in the face of the recent Hurricane Harvey.”

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The contractor for the project is DPR Construction and the architect is Dallas-based Corgan.

Schwab first opened its Westlake service center in July 2016 in a leased office building at 2050 Roanoke Road and has since brought more than 350 jobs to the area. Schwab will continue to expand and hire in the leased space, which can accommodate up to 900 employees. Upon completion of the new construction, all employees will transition from the leased office building to Schwab’s 500,000-square-foot, 70 acre campus.

Phase one of the campus will include two office buildings, an amenities building with a café and a large meeting space and training center, and a parking garage.

“We’ve been present in Dallas Fort-Worth for 40 years, but we are excited to deepen our roots by opening a major employment center here,” said Dennis Howard, executive vice president and chief information officer for Schwab, and the firm’s senior leader in Texas. “We have already begun to tap into the tremendous talent in and around Westlake, and are eager to ramp up our recruiting efforts as we build our campus.”

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While San Francisco remains Schwab’s corporate headquarters, Westlake is one of ten geographically important employment centers for the company. Three of these centers are in Texas. The company’s major employment centers, ranked by size (largest to smallest), are Denver, Phoenix, Austin, San Francisco, Orlando, Indianapolis, Richfield (Ohio), Chicago, Westlake and El Paso. Schwab currently has approximately

16,000 employees nationwide, including almost 2,500 working in the Lone Star State.

As part of their commitment to Texas, the company and its employees, Schwab Charitable funds directed by clients, and the founder and his wife Helen’s family foundation have all been actively involved with significant financial support and volunteer activities in the state. The beneficiaries include the American Red Cross, Habitat for Humanity, the Houston Food Bank, the Rebuild Texas Fund and the Hurricane Harvey Relief Fund.

Schwab is also supporting Boys & Girls Clubs of America and Donors Choose, as they rebuild their clubs and classrooms damaged by the hurricane.

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