Dublin officials poised to extend incentives to JPMorgan Chase
Dublin is in talks with JPMorgan Chase to bring 500 new jobs to the city.
An economic development agreement valued at $465,000 will go to Dublin City Council members for a first reading May 20.
JPMorgan has its eye on the 165,000-square-foot building at 5900 Parkwood Place recently vacated by Nationwide Insurance as it searches for another central Ohio corporate campus.
The company has reached capacity at its Polaris location and is seeking office space elsewhere, said Colleen Gilger, Dublin’s economic development manager.
"We are thrilled to have JPMorgan Chase expand their central Ohio corporate presence by selecting one of our ‘Class A’ buildings with prime highway access and visibility," Gilger said in a release from the city.
"We welcome this leading global financial service firm to our community and look forward to working with them as a corporate and community partner."
The proposed economic development agreement offers the company a $40,000 location grant and a two-year performance incentive of 15 percent for the execution of a three-year lease.
The 15-percent performance incentive can be extended another two years if the company signs a three-year lease extension in Dublin through 2019.
Council is expected to vote on the incentives in June.