Chevron plans a multi-million dollar capital investment to expand its Houston, Texas
facilities, creating 1,752 jobs. As part of its expansion, the company plans to construct a new 1.7 million square foot office tower in downtown Houston. The facility will house professional, technical and administrative personnel to accommodate Chevron's growth in Houston to support its global operations.
"The announcement of our new office building underscores Chevron's long-term commitment to Houston and Texas," said Bereket Haregot, president of Chevron's Business and Real Estate Services group. "The Lone Star State and its largest city play a vital and growing role in Chevron's global business."
As an incentive, the Texas Enterprise Fund will provide $12 million to close the deal on this expansion and job creation, said Gov. Rick Perry’s Office. Execution of the state's agreement is contingent upon finalization of a local incentive offer as required by program criteria.
"Employers looking to expand or relocate their businesses continue to choose Texas' strong job creation climate, low taxes, smart regulations, fair courts and skilled workforce," Gov. Perry said. "The Texas model is a blueprint for job creation, and the investment Chevron is making in Houston with more than 1,700 high-paying jobs opens the door to significant opportunities for Texans and their families."
"Houston is supportive and very excited about Chevron's plans to expand its Houston operations," Houston Mayor Annise Parker said. "Through its sponsorship of the annual Houston Marathon and its involvement in many other community events, Chevron has shown its strong support and commitment to Houston over the years. The company's expansion, supported by the Texas Enterprise Fund grant, will broaden its local presence even more, boosting the local economy with hundreds of new jobs while also fostering synergy and collaboration with their existing business units and other Houston businesses."