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Hundreds of San Antonio jobs are being created by a popular pet store.

The Texas Enterprise Fund recently announced that it will invest $3.1 million in PETCO Animal Supplies Inc. so the company can open a satellite support center in San Antonio. The investment will create 400 new jobs and generate about $17 million in capital.

"This TEF investment in PETCO will create hundreds of jobs, pump millions of dollars in capital investment into the area, and further expand San Antonio's diverse economy," Gov. Rick Perry said. "Companies like PETCO are looking to Texas as the premier location for business relocation, expansion and job growth thanks to our low taxes, reasonable and predictable regulatory climate and skilled workforce."

PETCO, a specialty retail store for pets and their owners, currently has more than 1,000 stores throughout the nation. The company needs to open a satellite support center in order to keep up with its continued growth.

At one point, PETCO considered locating the new center in Dallas, which would have resulted in hundreds of jobs in Dallas TX. However, the company decided to open the center in San Antonio because of the city's reasonably priced real estate, skilled labor pool, and high quality of life.

"After an extensive search for a facility to help us meet our long-term growth requirements, we're thrilled to select San Antonio for our new support center," PETCO CEO Jim Myers said. "The Texas Enterprise Fund, along with support from various state, county and city leaders, was an important factor in our decision. We look forward to opening the facility next year and expanding PETCO's presence as an engaged corporate citizen in San Antonio."

Labels: San Antonio jobs