The Collin County Observer
DMN - Experian to add 300 Allen jobs
02/02/10
DMN - Experian to add 300 Allen jobs
Experian to expand Allen operation, add 300 people
Tuesday, February 2, 2010
By STEVE BROWN / The Dallas Morning News
International credit information firm Experian plans to increase the size of its Allen operation by almost a third.
Experian inked a deal with the city of Allen to expand its operations by 300 people in exchange for increased economic incentives, the Allen Economic Development Corp. said Monday.
Experian plans "additional business operations" at its 300,000-square-foot complex in Allen's Enterprise Business Park. About 600 Experian workers are housed in the facility, east of U.S. Highway 75.
Experian has had operations in Allen since 1993 and is the Collin County city's largest employer. The company has facilities in Allen for several business groups, including its National Consumer Assistance Center and its Decision Analytics, Information Technology and Public Education groups.
"In 2008, we reached an agreement for them to renew their lease for 10 years," said Robert R. Winningham, Allen Economic Development CEO. "Then last summer, they approached us and said they had done an analysis and liked Allen and wanted to sit down and talk with us again."
The new agreement calls for Allen to provide funds to remodel and build new offices in the Enterprise Business Park building that Experian will use.
"We like to put our funds toward infrastructure," Winningham said. "If they don't do anything, they don't get anything."
Winningham said the value of the incentive depends on how much growth the company has. It could be as much as $1.5 million paid over 10 years. But to receive all the incentive funds for the building renovation, Experian would have to invest $30 million.
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