JPMorgan Chase Awaits Incentive Package Approval To Establish Dublin, Ohio Corporate Campus
05/16/2013
According to City of Dublin Economic Development Manager Colleen Gilger, JPMorgan Chase reached capacity at its current facilities and plans to bring 500 new jobs to the region. The firm has been in discussion with the City in a package of incentives. Dublin City Council will hear details of an Economic Development Agreement proposed to the JPMorgan Chase Bank at its May 20 Council meeting. Council members will take action on the Economic Development Agreement at their second reading during the June 10 Council meeting.
According to city records, 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 percent for a three-year lease, from July 2013 to July 2016, with an additional two-year performance incentive of 15 percent if an additional three-year lease extension from July 2016 to July 2019 is executed. Total incentive value is $465,000.
“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 and 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.”
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.”
Project Announcements
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024