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Schwab heads for Texas with 1,200 jobs

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Texas Gov. Rick Perry has persuaded San Francisco brokerage firm Charles Schwab to bring 1,200 jobs to El Paso and Austin with nearly $6 million in cash grants from a state investment fund. The Texas Enterprise Fund is providing $1.45 million for a new Schwab facility in El Paso, which will create 445 jobs and $21.5 million in capital investment over the next 10 years, the governor said in a press release. In Austin, the fund will provide $4.5 million, contingent upon the completion of a local incentive package from Travis County, to create 823 jobs and $210 million in capital investment over the next decade. Todd Rufo, director of San Francisco's Office of Economic and Workforce Development, noted that the city has added 67,000 jobs since 2010 and is the second-fastest-growing large county in the United States when it comes to private-sector employment. Reported by SFGate 4 hours ago.

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