Consolidated Electrical Distributors (CED) is moving its corporate headquarters from Westlake Village, Calif., to Irving, Texas, thanks to $1.2 million in incentives from Texas Governor Rick Perry.
According to the Texas governor's office, the move will bring 120 jobs to the Lone Star state and generate as much as $3.3 million in capital spending thanks to funding from the Texas Enterprise Fund (TEF), a program to provide incentives for businesses in the state.
CED is the sixth-largest electrical distributor in the United States, according to Electrical Wholesaling, and a Forbes 125 private company, employing approximately 6,200 people in 584 locations at the end of 2009.