EL PASO, Texas (KTSM) – Gov. Greg Abbott announced that the world’s largest commercial real estate services investment firm, CBRE Group, will bring more than 1,000 jobs to two Texas cities.
CBRE Group will invest nearly 30 million dollars in its Dallas headquarters, creating 460 new jobs. With more than a 13 million dollar capital investment going towards an operations center in Richardson, Texas, the group aims to create 550 new jobs.
Abbott also announced the construction of a Samsung facility, a 17 billion dollar investment, being made in Taylor, Texas.
“Samsung had many other options for this project…this is the largest foreign investment in the state of Texas ever.”Gov Greg Abbott
The Samsung facility will produce advanced microchips for mobile devices, 5G, high-performance computing (HPC), and artificial intelligence (AI).
It is predicted that the creation of the Samsung facility in Taylor will create more than 2,000 technical jobs, thousands of indirect jobs, and at least 6,500 construction jobs. Construction of the facility will start early next year and production will start in 2024.