Agricultural and construction equipment manufacturer JCB will open a factory on San Antonio's South Side, creating more than 1,500 new jobs, officials said Friday.
drive more than $265 million in capital investments through 2028, according to details by state and local authorities. It will ramp up hiring to full employment over that same time frame.receive state, city and county subsidies. Those include a
Texas Enterprise Fund grant of $5.6 million along with a Veteran Created Job Bonus of $42,000, according to state officials. JCB's investment marks a major step forward in the city's economic development, Mayor Ron Nirenberg said at a Friday morning press conference. “Having a brand like JCB waving their flag in our skyline shows to the world we should be taken seriously,” he said.
JCB is one of the world's largest privately-owned agriculture equipment manufacturers. It operates 22 plants on five continents, employing more than 18,000 people worldwide.
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