Charles Schwab will invest $230 million to relocate its workforce, currently in three rented office buildings, into a consolidated campus in the RidgeGate development in Lone Tree, Colorado. Schwab employs approximately 2,000 employees in the Denver area.
A new campus gives the company the flexibility to add jobs as needed, depending on the economic and business environment, a company spokeswoman said.
“Colorado’s momentum continues in both recruiting and growing globally-recognized companies and adding highly-skilled jobs,” Gov. John Hickenlooper said. “Charles Schwab’s renewed commitment to Colorado is a testament to our business-friendly climate and our ability to attract and retain important employers. The company’s commitment to service and community is also a great match for our state.”
“We are very pleased that a top-notch financial services company like Charles Schwab has selected Lone Tree for its new campus,” said Jim Gunning, Mayor of Lone Tree. “We welcome the addition of Charles Schwab to the growing list of nationally recognized companies in our city.”
As an incentive, the company will receive tax credits from Colorado’s Job Growth Incentive Tax Credit for the potential creation of up to 480 new jobs over five years. The performance-based credit will be applied based on new jobs created between 2013 and 2017.
“We are seeing tremendous growth in our financial services industry, which has a ripple effect across the economy and in attracting companies and investments,” said Ken Lund, Executive Director of the Colorado Office of Economic Development and International Trade. “Schwab’s stellar reputation and global name recognition make them an important partner in continuing to build this sector. We will continue to work hard to help them grow in Colorado.”