San Antonio-based USAA is expanding its information technology operations in Plano, adding 680 jobs and more than $31 million in capital investment. The state is providing $5 million through the Texas Enterprise Fund for the project, Gov. Rick Perry’s office announced today. Execution of the state’s agreement is contingent upon finalization of a local incentive offer as required by program criteria. USAA plans to lease two adjacent buildings in Plano to support this project.
“Employers of all sizes continue to choose the Lone Star State because Texas works – our low taxes, smart regulations, fair courts and skilled workforce are ideal for any business looking for the best opportunity at success,”Perry said in a news release. “USAA and Texas share a proud history of serving our nation’s veterans, and their decision to create hundreds of jobs in Plano and pump millions of dollars into the local economy will continue to strengthen their ties to our state.” USAA provides insurance, banking, investment and retirement products and services to more than 9.8 million current and former members of the U.S. military and their families.
“The city of Plano is excited to be a part of this joint effort, along with the Texas Enterprise Fund, to bring a prestigious Fortune 500 company like USAA Insurance to Plano,” Plano Mayor Harry LaRosiliere said.