Schneider Electric to add 193 jobs in El Paso with $750,000 investment from Texas Enterprise Fund
Schneider Electric will expand its operations in El Paso, adding 193 jobs and $7 million in capital investment.
The announcement was made Tuesday morning at El Paso City Hall. Schneider Electric has been awarded an investment of $750,000 from the Texas Enterprise Fund that will fund the expansion.
Execution of the state’s agreement is contingent upon finalization of a local incentive offer as required by program criteria.
Those incentives are expected to be taken up at City Council and Commissioners Court meetings next week and include a 10 year abatement of 50 percent of propery tax.
“Texas is a beacon of economic opportunity for companies from around the world thanks to our low taxes, smart regulations, fair courts and a skilled workforce,” Perry said in a statement. “This TEF investment will help power Schneider Electric’s growth, which will pump millions of dollars into the local economy and create quality jobs for Texans.”
Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in utilities and infrastructure; industries and machines manufacturers; non-residential buildings; data centers and networks; and residential.
Schneider Electric plans to expand its facility in El Paso to house a new custom engineered-to-order power control business line, targeting data centers, hospitals and other customers with mission-critical electrical continuity requirements.
“Schneider Electric has been a strong corporate partner in El Paso for many years, and today’s announcement shows the company’s trust and continued commitment to our community,” said El Paso Mayor Oscar Leeser. “As Mayor of El Paso, I am committed to helping local companies expand their capabilities and workforce, and the additional 193 new jobs is evidence that local companies can grow and succeed in El Paso. El Paso should be proud of the high quality jobs Schneider Electric has pledged to create with this latest expansion.”
