(Dublin, OH) – JPMorgan Chase seeks to expand its regional footprint with an additional central Ohio corporate campus address in Dublin, Ohio.
Dublin City Council will hear details of an Economic Development Agreement (EDA) proposed to the JPMorgan Chase Bank at the May 20 Council meeting.
According to City of Dublin Economic Development Manager Colleen Gilger, JPMorgan Chase has been in discussion with the City as they have reached capacity at their current facilities and are planning to bring 500 new jobs to the region.
Gilger said JPMorgan Chase will locate 500 jobs in the 165,000 square-foot building recently vacated by Nationwide Insurance at 5900 Parkwood Place.
“We are thrilled to have JPMorgan Chase expand their central Ohio corporate presence by selecting one of our Class A buildings with prime highway access and visibility,” said Gilger. “We welcome this leading global financial service firm to our community and look forward to working with them as a corporate and community partner.”
“Our expansion into Dublin provides us with the space and flexibility to continue our growth in central Ohio,” said Chris Sieve, CIO, Consumer & Business Banking. “Our roots are deep in this community. We take great pride in helping feed the local economy as an active employer, lender, and corporate citizen.”
The Economic Development Agreement proposed by the City of Dublin to JPMorgan Chase includes a $40,000 Location Grant and a two-year performance incentive of 15% for a three-year lease (July 2013 – July 2016), with an additional two-year performance incentive of 15% if an additional three-year lease extension (July 2016 – July 2019) is executed. Total incentive value is $465,000.
Columbus 2020 Chief Economic Officer Kenny McDonald said this is great news for the region. “We are proud to count JPMorgan Chase among our area’s top employers and we thank them for their continued investment in the Columbus Region.”
Dublin City Council will take action on the Economic Development Agreement at the second reading during the June 10 Council meeting.
About the City of Dublin, Ohio USA
Dublin, Ohio, the city that’s “greener,” offers residents and corporate citizens responsive government services, attractive housing, superior public education, direct regional highway access, 120 miles of underground optical fiber network, abundant park space and a dynamic community life. Located just minutes from Ohio’s capital city of Columbus, Dublin is a desirable place for business, raising a family or enjoying professional sporting events and renowned attractions. More information about the City of Dublin at www.DublinOhioUSA.gov
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. In Ohio, Chase employs over 23,000 and serves customers through nearly 300 branches and 885 ATMs. More information about Chase is available at www.chase.com