Local NewsWells Fargo Receives $5 Million State Grant to Build $455 Million Campus in Irving

Employees will be moved into the new Irving campus by the end of 2025, per the bank.
October 11, 2022
To consolidate its 3,000-member workforce across the Dallas-Fort Worth metroplex, Wells Fargo Bank announced it will build a $455 million, 22-acre campus in Irving.

The project will also receive a $5 million state grant through the Texas Enterprise Fund (TEF). It is the largest award granted to a TEF recipient since 2019.

“Currently, most of our 3,000 employees are located in several offices across the Metroplex,” said Tanya Sanders, Wells Fargo Head of Auto, in a release. According to Wells Fargo, the new campus will be up, running, and staffed by the end of 2025.

The company estimates it will create 650 new jobs.

“We are thrilled to have a new state-of-the-art campus where we can bring the majority of our local workforce together for an even better employee experience, which prioritizes wellness and sustainability. We are also very appreciative of the collaboration and enthusiastic response from the City of Irving and State of Texas.”

The Texan Tumbler

Gov. Greg Abbott, whose office announced the project, said, “Texas has a long history of leadership in financial services, attracting major operations for the world’s largest financial services companies, as well as the most innovative startups in the field.”

“Already home to the largest workforce in the financial services sector, and as the new frontier for financial technology, data centers, and more, Texas offers opportunities for Fortune 500 operations to grow, and I thank Wells Fargo for their continuing investment in the great state of Texas and the best workforce in America.”

So far this biennium, Wells Fargo is the eleventh company to receive TEF grants for moving operations to Texas. Overall, the fund has doled out over $670 million in grants to businesses beginning with Texas A&M University System and Lexicon Pharmaceuticals in 2005.

Wells Fargo, the U.S.’s third-largest bank, is number 41 on the 2022 Fortune 500 list and had $1.8 trillion in assets as of February.

In August, Texas’ unemployment rate came in at 4.1 percent after adding 16,400 nonfarm jobs. The Financial Activities sector has added 63,200 jobs since August 2021.


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Brad Johnson

Brad Johnson is a senior reporter for The Texan and an Ohio native who graduated from the University of Cincinnati in 2017. He is an avid sports fan who most enjoys watching his favorite teams continue their title drought throughout his cognizant lifetime. In his free time, you may find Brad quoting Monty Python productions and trying to calculate the airspeed velocity of an unladen swallow.

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