Chase Expansion Will Create 1,150 Central Ohio Jobs

Chase Expansion Will Create 1,150 Central Ohio Jobs

COLUMBUS, Ohio — JPMorgan Chase will add at least 1,150 new jobs to central Ohio as it expands operations over the next three years, the company announced Tuesday.

According to news release issued by Chase, at least 1,000 of the new jobs will be in Columbus. The rest of the positions will be created in Westerville.

As incentive, the company is being offered about $20.5 million in tax breaks from Ohio, Columbus and Westerville, 10TV's Tino Ramos reported.


About 900 of the new jobs will be telephone customer service positions, while others will be technology support-related.

The company said more than half the new jobs are being created to assist homeowners who are struggling with their mortgage payments.

http://www.10tv.com/live/content/business/stories/2009/06/02/story_chase.html?sid=102

On the upside though, they will steal employees from other companies (Like Nationwide, we were always swapping people at chase with folks there) and open up new jobs in a variety of companies here.

:shrug:

They get write offs, tax breaks, etc. Can't give a lot of details (signed confidentiality agreements when I worked there) but can say they are not doing this because they care about American Jobs.

These jobs, welcome here as they are of course, are a bone to the PR machine. What they are not telling you is how many they sent to India (Mumbai mainly, public knowledge - they won't tell you but know you can find it. There is a difference). Now they had good reasons for the India side of things (market, job duplication, etc) but they did not care about the impact here before as the economy was good and they were not needing us.

They are not creating jobs - they are replacing some of the ones they eliminated before. And I don't see these new jobs as lasting more than a few years.