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Chase Commits To Ohio Expansion, Adding 1,150 Jobs
Dayton Business Journal
June 2, 2009
After being lured with millions of dollars in incentives, JPMorgan Chase & Co. on Tuesday confirmed plans to add at least 1,150 jobs in Central Ohio in the next three years.
The New York company said it plans to add several hundred jobs at its 8,000-employee McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Easton Town Center. About 150 jobs will be added at the company’s Cleveland Avenue operations in Westerville.
Chase (NYSE:JPM) said it’s boosting employment in the region to handle additional support functions needed after buying Washington Mutual last September.
The move comes after state and local officials extended a round of incentive packages valued at about $20 million. That includes a more than $6 million package from Columbus and a 15-year, 75 percent tax credit valued at about $14 million from the state.
Gov. Ted Strickland in a statement called Chase’s announcement “a tremendous boost to our economy and very welcome news for Ohio.”
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