A Dallas based company is setting up shop here in El Paso and needs almost 700 employees.

Pacific Union Financial is opening in El Paso, on the east side, in the Butterfield Trail Industrial Park.

Pacific Union provides residential mortgage loans through 50 retail locations and three fulfillment centers in the United States, according to its website. It currently services a mortgage-loan portfolio of $23 billion, according to company information. - El Paso Times

According to the El Paso Times, wages would average around $23.32 per hour. Over 5 years, 699 jobs will be created but 147 must be hired within the first year to qualify for numerous tax incentives offered by the city.

What did El Paso offer?

The city would provide $332,836 in tax and fee rebates and cash grants over a 10 year period to the company if it meets job-creation requirements and invests at least $1.25 million in its El Paso facility. The county is to provide property tax rebates of $33,367 over 10 years. - El Pao Times

For more info, click here.