Friday, April 13, 2012 - 3:36pm
Chase Bank expansion expected to bring 1,200 jobs
Updated Saturday, April 14, 2012 - 10:20am
Chase Bank is planning to expand in Delaware in a deal that would bring 1,200 new jobs to the state by 2013, news you heard first here on WDEL.
According to a public notice, Chase Bank is requesting $10 million from Delaware's Strategic Fund to expand its operations in the state.
Delaware's Economic Development Office says Chase will make a 50-million-dollar capital investment in the state. At least 600 of the new jobs must be in place before the money, if approved, is disbursed.
"This is a core location for our company, and we are pleased to expand and create jobs in Delaware," says Paul Hartwick with Chase.
JPMorgan Chase's expansion is the latest announcement of job creation in the Delaware financial services industry this year.
Last fall, WDEL broke the news that Capital One would be adding 500 jobs to the state's economy. Their application will also be reviewed at the April CDF meeting.
Chase's request will be reviewed by the volunteer Council on Development Finance (CDF) on April 23.
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