San Antonio Jobs Created by Nationwide

A well-known insurance company will soon create hundreds of San Antonio jobs (Click here).

Gov. Rick Perry recently announced that the State of Texas will invest $2.5 million through the Texas Enterprise Fund to help Nationwide Mutual Insurance Company expand its operations in San Antonio. The investment will help create 750 high-paying jobs and generate more than $94.8 million in capital investment throughout Texas.

"Nationwide’s expansion in San Antonio is a testament to the success of the TEF and Texas’ status as the best state in the nation to invest, work and raise a family,” Perry said in an article by the San Antonio Business Journal. "Companies like Nationwide will continue to create jobs in Texas because of our state’s low taxes, regulatory environment and educated and diverse workforce."

Nationwide, based in Columbus, Ohio, offers a range of insurance and financial services and operations throughout much of the country. The majority of the new jobs will be for sales and services positions to support existing business and generate new growth for the company.

"The Texas Enterprise Fund, combined with the attractive workforce in San Antonio, were key factors in our decision to choose San Antonio for expansion of our operations," John Raybuck, regional vice president of Nationwide's Texas operations, said in the article.

The Texas Legislature created the TEF in 2003 and the program was re-appropriated funding in 2005, 2007 and 2009. The program is meant to ensure the growth of Texas businesses and create more jobs throughout the state.

Any TEF projects must be approved by the governor, lieutenant governor and speaker of the Texas House of Representatives. So far, TEF has invested more than $383 million in projects generating more than 56,000 new jobs and more than $14 billion in capital investment throughout the state.