Chase will overflow its giant campus
Chase will overflow its giant campus
Aug 23, 2011 (The Columbus Dispatch - McClatchy-Tribune Information Services via COMTEX) -- The region's biggest private employer plans to add more jobs to central Ohio. And it will lease more office space so that it will have a place for them to work.
JPMorgan Chase & Co. said yesterday that it will add 150 technology jobs to the Polaris area by the end of 2013. Half the new jobs will be permanent; half will be contract positions.
The bank would not say how much the jobs will pay.
To make room for them, the bank plans to lease space at 1000 Polaris Parkway, near the massive McCoy Center, which has become full. The bank plans to occupy the entire 72,500-square-foot building.
Chase plans to move up to 500 new and current technology workers into the additional office space beginning early in 2012. The technology staff in Columbus supports Chase's website and other business groups.
The additional employees and office space will give the bank 3.8 million square feet of office and production space in central Ohio and more than 18,000 employees. In 2004, the bank had 12,400 workers and 2.9 million square feet of space.
"We have added so many employees in Columbus that even our biggest building isn't big enough," James Malz, president of Chase in Ohio, said in a statement. "The new space gives us flexibility and room to grow while we complete a redesign and updating at the McCoy Center."
The bank has been on a hiring binge in Columbus of late. That it can't put the new positions in the McCoy Center shows how big the company has become here.
The McCoy Center is one of the nation's largest office buildings. The 2 million- square-foot structure is as long as the Empire State Building is tall. It already houses more than 9,000 employees.
May 17th JPMorgan Chase Shareholder Meeting in Columbus, Ohio ...
As 50 State Attorneys General move closer to a settlement agreement with the Wall Street banks that defrauded millions of homeowners, hundreds of clergy, homeowners, and workers will attend and speak out at bank shareholder meetings across the nation in May. The month-long events are part of The New Bottom Line, a national campaign focused on creating an economy that works for the many, and not the few.
Large-scale protests with visuals such as banners, puppets, and placards with scripture are planned at Wells Fargo’s shareholder meeting in San Francisco on May 3; Bank of America’s shareholder meeting in Charlotte, North Carolina on May 11; and
Homeowners, clergy, and American families with The New Bottom Line campaign are calling on the banks to:
Pay their fair share of taxes. To help the economy recovery, banks must pay the federally mandated 35% tax rate, instead of the approximate 11% percent of their pre-tax earnings they paid in 2009 and 2010. In addition, they should pay the $13 billion in back taxes that they owe the American people from those two years. Stabilize the housing market and help revitalize the economy. The banks should sign a settlement agreement with the 50 State Attorneys General that creates permanent loan modifications and principal reductions for defrauded homeowners. Invest in American jobs. The banks should stop shipping jobs overseas and should start making loans to small businesses to create more jobs. For example, JPMorgan Chase has reduced small business lending by 75% in the wake of taxpayer-funded bailouts designed to spur lending.In addition to the large-scale marches on shareholder meetings, the campaign organizers are releasing three tongue-in-cheek ads that Wells Fargo, Bank of America and JPMorgan Chase would run if they took responsibility for foreclosing on homeowners fraudulently and wrecking the economy.
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