Local News
9:33 am
Mon March 24, 2014

JPMorgan Chase Seeks Delaware Grant for Workforce Expansion

JPMorgan Chase building
Credit creative commons

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.