JPMorgan is embarking on their journey to expand in South Florida, announcing enovation and expansion plans for its Brickell office location in Downtown Miami and announced it is opening a 13,000-square-foot office in West Palm Beach.
It reinforces the company’s stated commitment to South Florida as one of its key strategic regions in the country and mark’s JPMorgan’s first expansion of their existing footprint in the market of South Florida.
The expansion is expected to trigger an average of $151 million in additional economic activity for South Florida and support about 380 local construction jobs per year during the construction period, according to a release on Business Wire (h/t CIO News).
“Miami and South Florida are home to an increasing number of our clients, customers, community partners, and employees, and a strategic location for our operations in Latin America as well,” Jonathan Bello, head of Chase for Business Miami and co-chair of the firm’s South Florida Market Leadership Team said in the statement. “Like our investment with Inter-Miami CF to create Chase Stadium, these expansions reflect the opportunity that this area represents as well as our commitment to be the bank for all in South Florida.”
“These new centers will serve clients across banking, lending, and wealth and will offer the best of both worlds—the strength and scale of JPMorgan Chase and First Republic’s commitment to exceptional client service,” Jen Roberts, CEO of Chase Consumer Banking stated.
