IBM plans to add 510 jobs in Beaverton, Oregon and 90 jobs in Salem, Oregon when it unveils a new mortgage software product, Oregon Live reports. The growth is a result of IBM's acquisition of local company Wilshire Credit Corp.
"When you get something like this, everything else goes by the wayside and this is your focus, because the return to the state is so great," said Jill Miles, national recruitment officer for Oregon State.
Oregon and Beaverton will offer at least $350,000 for work force training, and employee education could begin as early as July. Neither IBM nor government officials said when the jobs would be added.
IBM will spend approximately $8 million on capital improvements and $4 million to train workers.
Officials were optimistic that the expansion would be a shot in the arm for the Oregon economy. State unemployment has remained just above 10 percent since the spring.