SAN ANTONIO – City and county leaders announced that JCB, the world’s largest, privately-owned construction, agricultural, and industrial equipment manufacturing company, is expanding to San Antonio.
The facility — the company’s second in North America — will sit on 400 acres on the South Side, according to an announcement made Friday by San Antonio Mayor Ron Nirenberg, Bexar County Judge Peter Sakai and greater:SATX.
Sakai and Nirenberg said it is expected to have a $30 billion economic impact over 10 years.
It will also bring more than 1,500 new jobs to the San Antonio region, greater:SATX President and CEO Jenna Saucedo-Herrera said.
She said it’s the largest single jobs investment in 20 years.
Details on the exact location and groundbreaking date were not released.
“This is a big deal for the future of San Antonio,” Nirenberg said during Friday’s announcement, adding that it’s a sign of the area’s growing economic landscape.
“It sends a signal to the world that we’re ready to play with anybody,” he said.
Sakai added that it is “a lucky day for Bexar County.”
A news release from Texas Gov. Greg Abbott’s Office states the project is expected to create more than $265 million in capital investment. A Texas Enterprise Fund grant of $5,684,350 and a Veteran Created Job Bonus of $42,000 was extended to JCB.
“Texas remains the best place in America for businesses to call home,” Abbott said in the release. “Companies from across the nation and around the world continue to relocate to Texas and expand here because we offer an unmatched economic climate with business-friendly policies that empower them to succeed. We are proud to welcome JCB to San Antonio and look forward to the hundreds of good-paying jobs and millions in investment this new facility will bring to hardworking Texans in Bexar County. Working together, we will continue to strengthen our manufacturing industry and build a brighter Texas of tomorrow.”
State Rep. John Lujan, Councilwoman Dr. Adriana Rocha Garcia, Bexar County Commissioner Rebecca Clay-Flores and greater:SATX Chair Randy Smith were also in attendance at Friday’s announcement.
Greater:SATX is a regional partnership that encourages economic growth through business recruitment, local business advancement and workforce development.