Charles Schwab Corp. adding El Paso center with 445 jobs

The Charles Schwab Corporation will open a new operations center in El Paso with funding from the Texas Enterprise Fund.

The TEF is providing $1.45 million for the El Paso project, which will create 445 jobs and $21.5 million in capital investment over the next ten years, according to a statement from the governor’s office.

Average salary of employees at the El Paso office will be $35,000 and location will be in West El Paso.

The center is expected to be open by the first quarter of 2015.

“We are very pleased to be expanding our footprint in Texas,” said Joseph Martinetto, executive vice president and chief financial officer at Schwab. “We’ve already started the process of recruiting new talent, and we’re excited to become a part of the El Paso community, as we have in Austin where we already have approximately 1,000 employees.”

Mayor Oscar Leeser is welcoming Schwab Corporation to El Paso.

“The City and all of our partners are committed to ensuring the success of our newest corporate partner,” Leeser said in a statement. “I would like to personally thank the Chairman of the Board, Mr. Charles Schwab, and the company President and CEO, Mr. Walter Bettinger, for their trust in our community and for their willingness to expand their company within our community. Today’s announcement of 445 jobs is proof that El Paso is open for business and our community is ready to be a part of the Charles Schwab family.”

Earlier this month, Schneider Electric received $750,000 in TEF funding to expand its operations in El Paso, adding 193 jobs and $7 million in capital investment.

For information on applying for a Charles Schwab job in El Paso, go to http://bit.ly/WHd7Jw