USAA will invest more than $31 million to expand its information technology operations center in Plano, Texas
, creating 680 jobs.
Headquartered in San Antonio, 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. "USAA is growing and, as the demand for USAA products and services increases, so does our need to access the best talent in different markets," USAA CEO Joe Robles said. "Texas has been our home for more than 90 years and we are very happy to be expanding in Plano."
According to Gov. Rick Perry’s Office “the state is providing $5 million through the Texas Enterprise Fund to close the deal on this expansion and job creation. Execution of the state's agreement is contingent upon finalization of a local incentive offer as required by program criteria.”
"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," Gov. Perry said. "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."
"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. "Economic Development is the primary initiative of the Plano City Council, and partnerships such as this reinforce the importance we place on continued investment in our community. This commitment is what makes Plano and the State of Texas the best place to live and do business in the nation."