Comerica Incorporated is exploring avenues in North Texas and has announced to construct an innovation hub. They will build this innovation hub at The Star in Frisco. Furthermore, the construction of this office tower is likely to bring 300 jobs for the North Texas Economy.

Expansion of headquarter

The latest business and innovation hub will be part of Comerica’s headquarters in downtown Dallas. Moreover, the executive offices, commercial bank, wealth management and other business units will continue to operate at the same location. The construction of new office tower will begin later this year. However, the new building may get ready for work by late 2023 or early 2024. “This represents a significant investment in Comerica’s strategic vision that will benefit all Comerica colleagues and customers. Expanding our corporate headquarters footprint to one of the most desirable locations for business and innovation in the U.S. is positioning our bank for future success.” Megan Crespi, Executive Vice President and Chief Enterprise Technology & Operations Services Officer stated in a news release.

300 employment opportunities

Comerica’s expansion in North Texas will also bring multiple job opportunities in the area. The new innovation and business will have a workforce of 300 employees. Moreover, the company will offer these jobs in multiple roles including technology and product management to front-line business units. Furthermore, the new facility will also have learning and interview centers. In addition, the multi-dimensional facility will provide colleagues with entertainment, sports, retail, residential and educational opportunities. Hence, Comerica may leverage these campus facilities to improve employee experience and attract new talent.

North Texas – An exciting location for investors

North Texas is becoming an attractive location for businesses in many sectors including tech industry. Therefore, Comerica has also opted for North Texas to develop their business and innovation hub. “Frisco is known for cultivating an exceptional environment for businesses to thrive. he hub’s on-site amenities and prominent location will help to support our company’s vision for future growth, including our ability to attract and retain top talent.” Comerica’s Texas market president Brian Folley said in a statement.

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