Employment News
JPMorgan Chase to Create 1,000 Jobs in Ohio
By Erik Even | Dated: 05-19-2009
JPMorgan Chase will create 1,000 jobs in Columbus, Ohio, after the city council voted to approve more than $6 million in tax incentives.The incentives include a 10-year tax credit valued at $4.5 million, and an eight-year Job Growth Incentive worth $1.8 million. The State of Ohio has approved a 15-year, 75% tax credit valued at $14 million.
The jobs will be created over the next five years. JPMorgan Chase currently employs 14,000 in Ohio.
JPMorgan Chase is one of the oldest financial services firms in the world. It is a leader in financial services with assets of $2.3 trillion, and the largest market capitalization and deposit base of any US banking institution. Formed in 2000 when Chase Manhattan Corporation acquired JP Morgan, the firm serves many of the world’s most prominent corporate, institutional and governmental clients.
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