The insurance company intends to add 1,300 jobs as a component of a $11 million capital investment.
About 1,300 new Allstate jobs opportunities will be opening up in Irving, Texas. This is a part of a broader $11 million capital investment made into the region, according to a recent announcement by Texas Governor Greg Abbott.
Allstate was a perfect fit for this investment as it was considering expansion within North Texas.
One component of the additional Allstate jobs in North Texas is that the Texas Enterprise Fund will give the insurance company a $2.6 million grant.
“With our talented workforce and business-friendly climate, companies like Allstate have the opportunity to help write Texas’ economic success story,” said Governor Abbott in a prepared statement quoted by Biz Journals. Abbott also pointed out that the insurer’s new employment opportunities will help to encourage greater economic growth in the state.
At the time this article was written, Allstate Insurance had not yet issued any specific details about this expansion. Aside from the number of new hires, the insurer has not yet outlined the timeframe across which the new jobs would be advertised and started. Moreover, it is not yet clear whether this will require the insurance company’s current site to undergo redevelopment.
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The governor’s announcement was specific to the number of new Allstate jobs headed to Texas.
Now that Allstate knows it will be in receipt of the grant money, it will form a more detailed strategy regarding the hiring plan. That said, at the time of the governor’s announcement, only the number of new jobs were known.
This is positive news for Irving and the entire Dallas area. That region has been building a strong interest from many large companies based outside the North Texas or even outside the state.
The new incentive program has drawn over 30 companies from outside the region to consider expansion or relocation into the area, said Dallas Regional Chamber spokesperson, Darren Grubb earlier in 2019. The 1,300 new Allstate jobs will only solidify an already strong employment season for the Dallas-Fort Worth area. This trend started in September 2017. It was at that time that the Amazon HQ2 review process began. Since then, 40 corporations have announced their expansion and/or relocation nearby.