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GM to build financial servicing center in San Antonio

Center would include up to 700 employees

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SAN ANTONIO – General Motors Financial Company announced Thursday that it intends to partner with Western Securities Limited to build a financial servicing center in San Antonio that would include up to 700 employees, almost all of whom would be new hires.

On Thursday, the San Antonio City Council approved the proposed incentive package recommended by the City’s Economic Development Department.

Last Tuesday, the Bexar County Commissioners Court moved one step closer to approving their incentive package by authorizing Bexar County Economic Development to begin negotiation of terms.

The state is expected to approve their incentive package, which is contingent on GM Financial receiving local support from the city and county.

"As GM Financial continues to grow to support General Motors, we have a strategic focus on providing best-in-class service to our customers and dealers," said CEO Dan Berce. "This additional facility will help us do that by expanding our workforce and service capacity in a strong and vibrant employment market."

"I’d like to welcome GM Financial’s financial and customer support operations to San Antonio," said San Antonio Mayor Ivy R. Taylor. "Within the next four years, this project will bring a minimum of 490 full-time jobs to our city, a testament to San Antonio’s strengths in this industry area."

The 100,000 square-foot facility is planned for construction on 13.8 acres of land off Raymond E. Stotzer Freeway at the intersection of Westover Link and North Ellison Drive.

Construction is targeted to begin in early 2016 and the company plans to move people into the building in the first quarter of 2017.