Fidelity Investments will receive an $8.5 million Texas Enterprise Fund (TEF) grant to expand and build a new state-of-the-art, 600,000 square foot building at the company’s Westlake campus. Fidelity will invest more than $200 million in the expansion of its Texas operations, creating 1,535 new jobs.

Fidelity Investments is one of the world’s largest providers of financial services, offering investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 22 million individuals and institutions and 5,500 financial intermediary firms. The company began business operations in Texas more than 20 years ago. Today, the company has more than 3,400 employees throughout the state, with 2,800 based at its 300-acre site in Westlake.

The Texas Enterprise Fund was a key factor in Fidelity’s final decision to expand in Texas. Fidelity evaluated a number of other sites outside of Texas before choosing to expand in Westlake. With the Fidelity announcement, the state has allocated more than $332 million from the Texas Enterprise Fund, bringing more than 45,000 new jobs and generating more than $15 billion in capital investments to the state.

In addition to its Westlake campus, Fidelity maintains several locations across the state, including Irving, Austin, Houston and San Antonio. The Fidelity jobs in Westlake span several of Fidelity’s business divisions, and the company is prepared to start hiring immediately to fill new positions.

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