JPMorgan Chase will create more than 400 jobs and open four new branches by the end of 2012, Mayor Rahm Emanuel announced Tuesday morning.
Chase plans to hire at several offices downtown, Emanuel said, and at the new branches located at: 5606 W. Montrose, opening in August; 4455 S Pulaski, opening in December; 5360 N. Elston, opening December; and Diversey and Kilpatrick, also opening in December.
“This expansion will help kick-start economic growth in communities throughout our city,” Emanuel said in a statement. “This announcement represents a significant investment by Chase in our neighborhoods, our residents, and our businesses.”
Bill Daley, who took Emanuel's old job as President Barack Obama's chief of staff, was vice chairman at JPMorgan Chase.
Meanwhile, about 5,000 showed up to the Chicago State Job Fair organized by Rep. Bobby Rush. Many of the companies were hiring for transportation-related jobs.
The line snaked through Chicago State University's campus. Some seeking jobs at the fair say they've been out of work for two years.
Speaking of jobs, Emanuel said he has announced 4,000 new ones since becoming mayor.