Scotiabank Commits $60M to Expand Dallas Operations Description
On September 2, Governor Greg Abbott announced that Scotiabank will establish a major regional office in Dallas with a $60 million investment, creating over 1,020 new jobs, as detailed in a press release.
Texas is the new financial services capital of America.
Scotiabank is investing over $60 million to open a major regional office in Dallas- creating 1,020+ new, good-paying jobs.
Texas will expand its leadership for a more prosperous Texas for decades to come.
— #Greg Abbott (#@GregAbbott_TX)
8:10 PM • Sep 2, 2025
The Details:
The project will develop a 100,000-square-foot hub in Dallas’s Victory Park neighborhood.
Scotiabank CEO Travis Machen said, “This marks a significant investment in our U.S. operations, reinforcing our presence in Texas since the 1960s.”
The office will prioritize local hiring, with at least 25% of jobs reserved for Dallas residents, and offer internships with Dallas College and other local institutions.
Operations are expected to begin by late 2026, pending final approvals.
Why It Matters:
This investment bolsters Dallas’s status as a financial hub and supports Texas’s economic growth amid rising demand for financial services.
The USLege 2025 Best in Government Affairs Awards (Texas) celebrate the behind-the-scenes pros: staffers, lobbyists, association leaders, and firms who power late nights and early mornings in the Capitol!
Winners will be spotlighted on our 2025 webpage, receive a custom award badge + digital toolkit, and get promotion to 12k+ policy leaders and media partners. Nominations close October 2 - don’t miss the chance to recognize your peers!
Nominate someone today: https://uslege.involve.me/best-in-gov
It’s time! 🏆 Nominations are LIVE for the 2025 Best in Gov Affairs Awards (Texas).
One I’m hyped for? ✨ Female Powerhouse of the Year ✨- celebrating women leading with grit, strategy & results.
Nominate now 👉 uslege.involve.me/best-in-gov
@TXLege_ #txlege
— #Laura (Carr) Davis (#@Laura_USLege)
7:14 PM • Sep 9, 2025
🎙️We Have a Podcast! 🎙️
Bills and Business is your go-to podcast for conversations related to Texas legislation and business. Hosted by Laura Carr, Co-Founder of USLege—an AI-driven legislative tracking software—we bring you in-depth analysis on economic trends, impactful legislation, and key developments shaping Texas business.
🔍 USLege - The Only AI-First Political Tracking Solution ✨
USLege helps you track legislation and find what you need faster from bills, committee hearings, floor debates, and state agency meetings faster.
Say goodbye to tedious tasks!