03 July 2013 21:01 [Source: ICIS news]
HOUSTON (ICIS)--US energy major Chevron is making a multi-million dollar capital investment to expand its Houston facilities and create over 1,700 jobs, Texas Governor Rick Perry announced on Wednesday.
As part of the expansion, Chevron plans to construct a new 1.7m square-foot (158,000 square-metre) office tower in downtown to house professional, technical and administrative personnel to accommodate its growth in Houston to support its global operations.
“The Lone Star State and its largest city play a vital and growing role in Chevron’s global business,” said Bereket Haregot, president of Chevron’s business and real estate services group.
The state’s Texas Enterprise Fund is providing $12m (€9m) to help Chevron close on the deal, which is contingent on finalisation of local incentive offers required by the programme.
“Employers looking to expand or relocate their businesses continue to choose Texas’ strong job creation climate, with our low taxes, smart regulations, fair courts and skilled workforce,” Perry said, adding that Chevron’s investment “opens the door to significant opportunities” for Texans and their families.
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