TXBIZNEWS
Scotiabank Commits $60M to Expand Dallas Operations Description
On September 2, Governor Greg Abbott announced that Scotiabank will establish a major regional office in Dallas with a $60 million investment, creating over 1,020 new jobs, as detailed in a press release.
The Details:
- The project will develop a 100,000-square-foot hub in Dallas’s Victory Park neighborhood.
- Scotiabank CEO Travis Machen said, “This marks a significant investment in our U.S. operations, reinforcing our presence in Texas since the 1960s.”
- The office will prioritize local hiring, with at least 25% of jobs reserved for Dallas residents, and offer internships with Dallas College and other local institutions.
- Operations are expected to begin by late 2026, pending final approvals.
Why It Matters:
This investment bolsters Dallas’s status as a financial hub and supports Texas’s economic growth amid rising demand for financial services.
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Texas Political Spotlight
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Gov. Greg Abbott is preparing an executive order that would impose new statewide rules on THC sales, including a minimum purchase age of 21, after lawmakers failed to agree on a ban during the latest special session. At the same time, Texas Rep. James Talarico has launched his campaign for U.S. Senate, bringing his blend of progressive politics and faith-driven messaging into a crowded Democratic primary that already includes former Rep. Colin Allred and former astronaut Terry Virts. And in a separate development, New York Attorney General Letitia James has stepped into a legal fight with Texas over abortion pills, a clash over shield laws that experts say could ultimately reach the U.S. Supreme Court.
The USLege 2025 Best in Government Affairs Awards (Texas) celebrate the behind-the-scenes pros: staffers, lobbyists, association leaders, and firms who power late nights and early mornings in the Capitol!
Winners will be spotlighted on our 2025 webpage, receive a custom award badge + digital toolkit, and get promotion to 12k+ policy leaders and media partners. Nominations close October 2 - don’t miss the chance to recognize your peers!
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Texas Political Spotlight
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Texas lawmakers ended their second special session without passing a ban on hemp-derived THC products, leaving most consumable cannabinoids legal as divisions persisted among Republican leaders over prohibition versus regulation. A simultaneous push to tighten limits on local property tax growth also failed after the House and Senate deadlocked on how far to extend new restrictions. Before adjourning, however, legislators approved House Bill 7, allowing private citizens to sue those who distribute abortion medication, a measure supporters frame as combating trafficking but critics warn could punish families and restrict access to care.
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Texas Political Spotlight
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Sen. Brandon Creighton is poised to become the next chancellor of the Texas Tech University System. At the same time, Texas has enacted a new law banning the sale of THC and hemp-derived vapes. Meanwhile, election officials in Collin, Williamson, and Bastrop counties are preparing to switch from touchscreen ballot-marking machines to hand-marked paper ballots this November, a shift they say will build voter confidence.
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