Thursday, February 14, 2019

PenFed to Get Up to $380,000 in Incentives from Bexar County for Proposed Regional Finance Center

Bexar County (Texas) Commissioners on February 12th approved an incentive package worth up to $380,000 to Pentagon Federal Credit Union (McLean, VA) for a proposed regional finance center to be opened in San Antonio.

The San Antonio Express-News noted that the incentive package "includes an economic development grant of more than $130,000 and a skills development grant of up to $250,000 based on PenFed creating 250 jobs that will pay at least $50,000 annually."

Bexar County Commissioners will vote on the final incentive package at a later date, after negotiations between county economic development officials and Pentagon FCU on the incentive package are completed.

Earlier, Pentagon FCU received a $2.5 million grant for the regional finance center from the State of Texas.

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