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Texas: Governor Abbott Announces IEM Expansion In Bexar County
TelAve News/10904600
~ San Antonio, TX - Governor Greg Abbott has announced that Industrial Electric Mfg. (IEM) will be establishing a new advanced manufacturing facility in the city, bringing with it a capital investment of $200 million and the potential for up to 3,000 new jobs. The company has been awarded a Texas Enterprise Fund (TEF) grant of $3.36 million to support the creation of 448 of these new jobs.
In his statement, Governor Abbott praised Texas as a leader in America's manufacturing resurgence and highlighted the significant economic impact this investment will have on Bexar County. He also emphasized the state's welcoming business climate, access to domestic and global markets, and highly skilled workforce as key factors in attracting companies like IEM to Texas.
IEM is known for manufacturing power distribution systems, remote power panels, switchgear, and switchboards for various industries. The new facility will be located at Brooks City Base, formerly Brooks Air Force Base in southeast San Antonio. This strategic location will allow IEM to expand its North American manufacturing capacity by leveraging Texas' logistical and workforce advantages.
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CEO Clayton Such expressed excitement about establishing roots in San Antonio and cited the city's skilled workforce, strong infrastructure, and collaborative economic development environment as key factors in their decision. He also noted that this facility will strengthen IEM's ability to deliver highly engineered power distribution solutions to industries such as healthcare, energy, and advanced manufacturing.
Local officials also welcomed IEM's investment in San Antonio. Senator Roland Gutierrez praised the company's decision as a testament to the city's workforce, infrastructure, and talent. Bexar County Judge Peter Sakai highlighted how this project aligns with their long-term economic goals and Commissioner Tommy Calvert expressed appreciation for the collaboration between state and local partners in securing this opportunity.
Sarah Carabias Rush, President & CEO of greater:SATX Regional Economic Partnership, called IEM's decision a transformational investment and the single largest job-producing investment in the region in over two decades. She credited the strength of San Antonio's workforce, advanced manufacturing ecosystem, and collaborative approach to economic development for attracting IEM.
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Leo Gomez, President & CEO of Brooks, emphasized their mission to create regional prosperity and expand opportunities in Southeast San Antonio. He sees IEM's decision as a significant win that will have a lasting impact on the community.
The TEF grant awarded to IEM is a performance-based grant administered by the Texas Economic Development & Tourism Office within the Office of the Governor. It is given to businesses relocating or expanding in Texas to create new, good-paying jobs and attract significant capital investment to the state.
This announcement marks an exciting new chapter for both IEM and San Antonio, with the potential for significant economic growth and job creation in the region. The company's decision to invest in Texas further solidifies the state's position as a leader in advanced manufacturing and a top destination for businesses looking to expand.
In his statement, Governor Abbott praised Texas as a leader in America's manufacturing resurgence and highlighted the significant economic impact this investment will have on Bexar County. He also emphasized the state's welcoming business climate, access to domestic and global markets, and highly skilled workforce as key factors in attracting companies like IEM to Texas.
IEM is known for manufacturing power distribution systems, remote power panels, switchgear, and switchboards for various industries. The new facility will be located at Brooks City Base, formerly Brooks Air Force Base in southeast San Antonio. This strategic location will allow IEM to expand its North American manufacturing capacity by leveraging Texas' logistical and workforce advantages.
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CEO Clayton Such expressed excitement about establishing roots in San Antonio and cited the city's skilled workforce, strong infrastructure, and collaborative economic development environment as key factors in their decision. He also noted that this facility will strengthen IEM's ability to deliver highly engineered power distribution solutions to industries such as healthcare, energy, and advanced manufacturing.
Local officials also welcomed IEM's investment in San Antonio. Senator Roland Gutierrez praised the company's decision as a testament to the city's workforce, infrastructure, and talent. Bexar County Judge Peter Sakai highlighted how this project aligns with their long-term economic goals and Commissioner Tommy Calvert expressed appreciation for the collaboration between state and local partners in securing this opportunity.
Sarah Carabias Rush, President & CEO of greater:SATX Regional Economic Partnership, called IEM's decision a transformational investment and the single largest job-producing investment in the region in over two decades. She credited the strength of San Antonio's workforce, advanced manufacturing ecosystem, and collaborative approach to economic development for attracting IEM.
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Leo Gomez, President & CEO of Brooks, emphasized their mission to create regional prosperity and expand opportunities in Southeast San Antonio. He sees IEM's decision as a significant win that will have a lasting impact on the community.
The TEF grant awarded to IEM is a performance-based grant administered by the Texas Economic Development & Tourism Office within the Office of the Governor. It is given to businesses relocating or expanding in Texas to create new, good-paying jobs and attract significant capital investment to the state.
This announcement marks an exciting new chapter for both IEM and San Antonio, with the potential for significant economic growth and job creation in the region. The company's decision to invest in Texas further solidifies the state's position as a leader in advanced manufacturing and a top destination for businesses looking to expand.
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