Governor Abbott Broadcasts Academics Insurance coverage and Annuity Affiliation Company Heart in Frisco | Texas Governor’s Workplace

Governor Abbott Announces Teachers Insurance and Annuity Association Corporate Center in Frisco |  Texas Governor’s Office

April 27, 2022 | Austin, Texas | Press launch

Governor Greg Abbott right this moment introduced that the Academics Insurance coverage and Annuity Affiliation (TIAA) will set up a brand new company headquarters in Frisco, Texas. TIAA is a number one supplier of safe retirement and results-focused funding options. The undertaking will create 2,000 new jobs and almost $58 million in capital funding. A Texas Enterprise Fund (TEF) grant of $18,000,000 has been prolonged to TIAA. Along with the Texas Enterprise Fund Award, TIAA is being supplied a $19,000 Veteran Created Job Bonus.

“TIAA’s new company middle in Frisco is a testomony to the distinctive financial local weather now we have right here in Texas,” mentioned Governor Abbott. “Companies and organizations thrive within the Lone Star State, and we stay up for the job progress and companies that shall be supplied with the institution of TIAA’s new company middle in Frisco.”

“The brand new web site represents our dedication to serving clients and supporting the long run progress of our enterprise,” mentioned Thasunda Brown Duckett, TIAA President and CEO. “The addition of associates within the Frisco workplace will enhance our potential to serve new and current shoppers as you intend for and stay in retirement, and the good facilities and nice location shall be an actual profit to our folks.”

“On behalf of the Metropolis of Frisco and the residents of Frisco, we’re delighted to welcome TIAA, which can turn out to be one of many largest personal sector employers in Frisco’s historical past,” mentioned Frisco Mayor Jeff Cheney. “TIAA jobs align intently with the talents and abilities of Frisco’s workforce, and Frisco is the proper location for TIAA’s fast progress. It is a big win for Frisco and for Texas.”

“Fortune 1000 corporations have lengthy acknowledged the advantages of finding throughout the vibrant economic system of North Texas,” mentioned Senator Angela Paxton. “I’m delighted to welcome the Academics Insurance coverage and Annuities Affiliation (TIAA) to Collin County and excited in regards to the financial alternatives they’ll carry to our group.”

“The demographics of the North Texas workforce provide monetary companies corporations a really engaging expertise pool,” mentioned Texas State Consultant Justin Holland. “Companies thrive in secure communities with good faculties and a powerful group worth proposition, identical to Frisco. That, mixed with nice native facilities for space workers to stay and play, makes Frisco an thrilling place for companies.” “.

“At present’s announcement marks a historic second for Frisco,” mentioned Jason Ford, CEcD, president of the Frisco Financial Improvement Company. “TIAA is a transformative employer for Frisco and shall be a strategic companion to the town and faculty district on many ranges. We’re excited so as to add one other main model to Frisco’s thriving economic system.”

“We’re happy to companion with such a exceptional group at TIAA to carry extra jobs and companies to Frisco, Texas,” mentioned Dallas Cowboys Chief Working Officer Stephen Jones. “We’re excited to have them on our campus, as The Star gives unbeatable facilities that create good alternatives for corporations to recruit expertise and develop. As soon as once more, that is one other instance of how sturdy the partnership is between the Metropolis of Frisco and the state of Texas, which is actually a business-friendly state.”

See extra details about Affiliation of Insurance coverage and Annuities for Academics.