Texas economic development officials recently announced a $22 million Texas Enterprise Fund (TEF) grant to Rackspace Managed Hosting as part of the state and local efforts to secure the company’s expansion to a new facility in the Windcrest/San Antonio area. This investment is projected to generate more than $100 million in capital investment and will create approximately 4,000 new jobs during the next five years.
Headquartered in Texas, Rackspace was founded in 1998 and is one of the fastest-growing managed hosting specialists in the world. The company provides global business web hosting services to various companies, including Fortune 500 companies.
In addition to its web hosting services in San Antonio, Rackspace has offices in Austin and data center operations in Dallas, Virginia and London.
"The Governor's Texas Enterprise Fund grant was the key factor in Rackspace's decision to keep its company headquarters in San Antonio and build out a new campus within Windsor Park Mall," said Graham Weston, executive chairman of Rackspace Managed Hosting.
The Texas Enterprise Fund was created in 2003 and re-appropriated it in 2005 and 2007 to help bring new jobs to Texas. To date, the TEF has closed the deal on projects generating more than 45,000 new jobs and $15 billion in capital investment in the state.
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