Key Takeaway
Meta has chosen El Paso for a $1.5 billion investment due to its strong infrastructure, skilled workforce, and strategic location. This project aims to create jobs and stimulate local investment, enhancing long-term economic benefits. Additionally, Meta will extend its Community Accelerator program to help small businesses develop digital skills and introduce Community Action Grants to support local initiatives. This investment builds on Meta’s existing presence in Texas, where it has invested over $10 billion and employs more than 2,500 staff. Texas Governor Greg Abbott highlights this investment as a significant step in establishing Texas as a leader in artificial intelligence.
Strategic Investment and Economic Impact
El Paso was selected for its infrastructure, skilled workforce, and strategic location. This project is anticipated to deliver long-term economic advantages through job creation and local investment.
Meta will also expand its Community Accelerator program to El Paso, assisting small businesses in developing digital skills. Additionally, Meta plans to launch its Community Action Grants next year to support local initiatives.
This initiative enhances Meta’s existing presence in Texas, where it has invested over US$10 billion and employs more than 2,500 full-time staff.
“Meta is proud to have called Texas home for the past decade,” Rachel states.
“Our announcement regarding El Paso propels this investment forward and signifies a crucial milestone in our AI ambitions.”
Texas Governor Greg Abbott remarks: “Texas is the hub of innovation. Meta’s US$1.5 billion investment in El Paso further solidifies our great state as the nation’s leader in artificial intelligence.”
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