Recap: Major Investments are Happening in RTW Texas
Texas has a strong economy, no doubt as a result of its Right to Work laws. And some of the latest investments are pretty major ones, too! Companies investing in Right to Work Texas include Highly Innovative Fuels (HIF), TIAA, and Meta. Altogether, these three companies will invest a total of $6.858 billion toward the economy. But that’s not all. They will also create 2,225 new jobs. So all of this is exciting news!
Read on to learn more about these investments.
HIF:
Highly Innovative Fuels (HIF) is investing $6 billion in order to add a new facility in RTW Matagorda County, Texas, creating 125 new jobs!
“As the leader in the future of eFuels, HIF will be an excellent addition to the Texas economic juggernaut. […] This investment is great news for Texans in Matagorda County and the Coastal Bend, with more jobs, opportunity, and enhanced technology coming to the Lone Star State. Texas is proud to be the energy capital of the world, and I look forward to a continued partnership with HIF to keep our state the energy leader.â€
AREA DEVELOPMENT MAGAZINE
TIAA:
TIAA is investing $58 million toward a new location in Right to Work Frisco, Texas. This will create 2,000 new jobs as a result.
“The new TIAA corporate center in Frisco is a testament to the exceptional economic climate we have here in Texas. […] Businesses and organizations thrive in the Lone Star State, and we look forward to the job growth and services that will be provided with the establishment of TIAA’s new corporate center in Frisco.†[…]
“Today’s announcement marks a historic moment for Frisco. […] TIAA is a transformational employer for Frisco and will be a strategic partner for the City and the school district on many levels. We are excited to add another top brand to Frisco’s thriving economy.â€
AREA DEVELOPMENT MAGAZINE
Meta:
Meta is investing a total of $800 million in order to add a new data center in Right to Work Temple, Texas. This will create 100 new jobs!
“Meta’s continued expansion in Texas is a testament to the exceptional business climate and skilled, diverse workforce we have here in the Lone Star State. […] It is because of hardworking Texans and our commitment to helping businesses grow that companies continue to move and expand all across Texas. We are excited to welcome Meta to Temple and look forward to the new job opportunities they will bring to the local community, as well as the advancements in technology we will see in the future.â€
AREA DEVELOPMENT MAGAZINE
To read the previous update on economic development in Right to Work Texas, click here.
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