Fidelity Investments is considering expanding a facility outside of Dallas, in Westlake, Texas, by as many 1,500 jobs. The campus currently has 2,900 workers.

The firm decided to do so after the town approved its request to extend tax breaks it initially gave to Fidelity in 1999.

Fidelity has been moving jobs outside of Massachusetts in recent years; currently there are 12,800 employed in the state and 29,200 elsewhere.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.