By Yashaswini Swamynathan
JPMorgan Chase & Co (JPM.N) will create 1,000 jobs and retain over 2,600 workers in Jersey City, and invest more than $76 million in New Jersey under a state tax credit program.
The state’s Economic Development Authority said on Tuesday that New Jersey will reap a net benefit of $1.1 billion through the program.
JPMorgan qualified as a “mega project” and was eligible for a base award of $5,000 per employee, the EDA said about the Grow New Jersey Assistance Program, which provides annual tax credits per job of $500 to $5,000, and bonus credits of $250 to $3,000.
JPMorgan was looking at options to expand its regional technology and operations hub, the EDA added in a statement.
“Read the Full Article at www.reuters.com >>>>”
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
