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Prudential Financial Inc. Plans Technology and Business Operations Center In El Paso, Texas

Area Development Online News Desk (04/30/2014)
Prudential Financial Inc. will create 300 jobs at its new technology and business operations center facility in El Paso, Texas, with a focus on hiring veterans and their family members. Prudential is partnering with HGS USA on the El Paso facility, which will provide information technology support, contact center and back office services.

Prudential is a financial services leader that assists individual and institutional customers through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management.

"We're delighted to open our new technology and business operations center in El Paso with its diverse and skilled community," Prudential Chairman/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."

According to Governor Rick Perry’s Office, 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 state's agreement is contingent upon finalization of a local incentive offer as required by program criteria.

"Texas isn't just competing against other states for jobs like the ones Prudential is bringing to our state, we're competing against other nations, and a win for Texas means a win for the United States," Governor Perry said. "That's 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 Prudential's focus on filling these quality new jobs with Texas' capable veterans is a move that will greatly benefit employer and employee alike."

"El Paso is proud to be a new home for Prudential. The city and all our partners are committed to ensuring the success of Prudential's latest expansion. Prudential has proven their dedication to our armed forces, and today's 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."

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