JPMorgan says it will add 1,800 jobs in Delaware

AP News
Posted: Oct 26, 2015 3:44 PM

WILMINGTON, Del. (AP) — JPMorgan Chase and Co. plans to add 1,800 jobs in Delaware by 2019.

Company and state officials said Monday that the new hires will bring JPMorgan's Delaware workforce to almost 10,000 employees, spurring the state's total financial-sector employment to its highest level ever. The new employees will work primarily in technology, finance, asset management and global data operations.

Gov. Jack Markell's office says the new jobs would represent the biggest corporate expansion since AstraZeneca moved its U.S. headquarters to Delaware in 1999.

State officials have agreed to match 3 percent of JPMorgan's capital expenses, up to $3 million a year for three years.

Also, the Delaware Transit Corporation is committing $1 million annually over three years for transportation enhancements, including more frequent train service between Wilmington and Philadelphia.