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JPMorgan Chase Seeks Delaware Grant for Workforce Expansion

JPMorgan Chase building
creative commons
JPMorgan Chase building

NEW CASTLE, Del. (AP) - Banking giant JPMorgan Chase is asking Delaware officials for $1.5 million in taxpayer money to help pay for costs associated with a planned expansion of its workforce.

The Council on Development Finance was scheduled to consider the request at a meeting Monday in New Castle.

JPMorgan Chase asking for a strategic fund capital expenditure grant of up to $1.5 million.

Markell administration officials say the money would be used to support the creation of up to 500 new jobs.

Don Rush is the News Director and Senior Producer of News and Public Affairs at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.