Governor Greg Abbott and the City of Dallas have announced yet another major economic expansion in the city.
The Bank of Nova Scotia, which operates under the name Scotiabank, is expanding a regional headquarters in Dallas.
Governor Greg Abbott announced that the Texas Enterprise Fund gave over $10-million in grants and the City of Dallas approved a $2.7-million economic development grant to make it happen.
Scotiabank is expected to bring with it about 1,020 jobs and $60-million in capital investment.
"Texas is the new financial services capital of America," Governor Greg Abbott said. "With the continued surge in investments by global financial services giants, Texas will strengthen its leadership across industry sectors, ensuring a more prosperous future for decades to come."
This announcement comes as Dallas is already home to the New York Stock Exchange Texas Branch and the soon to be operational Texas Stock Exchange which opens next year.
"I am thrilled to welcome Scotiabank to Dallas as our newest 'Y'all Street' company," Dallas Mayor Eric Johnson said. "Dallas is breaking out as a financial services capital, and we couldn't be more pleased that Scotiabank has decided to join us."