On April 13, Delaware Gov. Jack Markell and Delaware Economic Development Office Director Alan Levin announced an infusion of 1,200 jobs into their state. The jobs came courtesy of an expansion plan by JPMorgan Chase, which already had thousands of jobs in Wilmington, the state’s largest city.
The Delaware Strategic Fund gave JPMorgan a $10 million grant for the expansion. Gordon Smith, the former CEO of card services, auto finance and student lending businesses for the company, said Markell’s administration had fostered a positive climate for the company. “JPMorgan Chase has a long and rich history here in Delaware and it is a great place to do business.”