Texas Governor Greg Abbott (R) attended the groundbreaking ceremony for banking company Wells Fargo's new regional campus in the City of Irving on Tuesday, according to a press release from the Office of the Texas Governor.

"As a hub of innovation, Texas needs the support and services of businesses like Wells Fargo," said Governor Abbott. "With hundreds of millions of dollars in capital investment and myriad new jobs, Wells Fargo's new campus will encourage even more economic growth in the area and keep Texas home to our nation's largest financial services workforce. More than 3,000 workers are expected to report to this facility upon its completion, and I thank the Irving City Council and Mayor [Rick] Stopfer for their hard work in bringing such a great company to this wonderful city. I also thank Wells Fargo and President and CEO [Charles] Scharf for their continued investment in Texas and the great people of Irving. Working together, we are underwriting the Texas of tomorrow."

The ceremony was also attended by Mayor Stopfer, KDC Real Estate Development and Investments CEO Steve Van Amburgh, and Irving-Las Colinas Chamber of Commerce President and CEO Beth Bowman. Wells Fargo's new facility is expected to create approximately 650 new jobs and over $455 million in capital investment. The bank has also been awarded a grant valued at over $5 million from the Texas Enterprise Fund to support the project. The campus is expected to be finished and ready for use by the end of 2025.

“Currently, most of our 3,000 employees are located in several offices across the Metroplex," Wells Fargo head of Auto Tanya Sanders said in October when the campus development was first announced. “We are thrilled to have a new state-of-the-art campus where we can bring the majority of our local workforce together for an even better employee experience, which prioritizes wellness and sustainability."