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GM Opens San Antonio, Texas, Financial Service Center

General Motors began construction on its 100,000 square foot financial servicing center on 13.8 acres in San Antonio, Texas. The financial servicing center is projected to create more than 490 jobs and at least $20 million in capital investment in the State of Texas.

The center will provide customer care and funding for motor vehicle loans and leases. According to company officials, the total economic output over the first 10 years of operations can reach $333 million.

“Today is the latest example of the economic diversification Texas enjoys,” said Governor Greg Abbott. “San Antonio is home of transformational technology and manufacturing, and now, the city is adding hundreds of new jobs in the growing financial services sector. I thank General Motors Financial for being such a great business partner and continuing to expand in Texas."

As an incentive, a Texas Enterprise Fund grant of $2.5 million has been extended to GM Financial. GM, which is headquartered in Fort Worth, already employs 2,580 associates in The Lone Star State.

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