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.
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.
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