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Dallas City Council is slated to offer Canadian financial institution Scotiabank more than $2.7M in economic incentives to establish a 100K SF office at the 15-story Victory Commons One building. 

In addition to the maximum $2.7M grant for job relocation and other costs, the incentive package would include a 10-year property tax abatement on the proposed office at 2601 Victory Ave. in the city’s Victory Park neighborhood, The Dallas Morning News reported. 

Scotiabank, the operating name of the Bank of Nova Scotia, would be required to create more than 1,025 jobs with an average salary of $135K. At least 25% of those positions would need to be filled by Dallas residents, and Scotiabank would also need to give internships to Dallas College students and partner with Dallas Independent School District, Richardson ISD, UNT Dallas or Paul Quinn College.