GOV. RITTER ANNOUNCES 500 NEW JOBS COMING TO COLORADO

 

Gov. Bill Ritter and the Charles Schwab Corp. announced today that Schwab is expanding its Colorado operations, with plans to add more than 500 new jobs in Douglas County.

 

"Over the past few months, Colorado has been somewhat buffered from the global economic crisis," Gov. Ritter said. "We remain in better shape than many other states, and I'm pleased the Charles Schwab Corp. will be increasing its presence in Colorado by adding hundreds of new jobs to one of the best-educated workforces in the country." 

 

Schwab intends to phase in the new jobs over three years starting in mid-2009. The positions will be primarily technology jobs, with an average salary of $75,000. The overall economic benefit to Colorado will be $157.3 million a year.

 

"We are really pleased to be able to expand our presence in Colorado, which is a market that's been very important to us in serving our clients," said Sherri Kroonenberg, senior vice president of Schwab Investor Services. "We've taken a thoughtful approach in the planning process, and the proposals we received were very competitive, but the fantastic support from Gov. Ritter, Director of Economic Development Don Elliman and everyone involved in the state's economic development operations enabled us to reach our decision very quickly."

 

Schwab plans to invest $2.7 million on technology infrastructure, office refurbishment and furniture and fixtures for the new leased facility in unincorporated Douglas County.

 

"With 1,300 employees in Colorado, Charles Schwab already has a strong presence here and we're excited the company will be expanding its commitment to the state," Elliman said. "The financial services sector is extremely important to Colorado thanks to companies like Schwab."

 

The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors, employers and independent investment advisors. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. Visit www.schwab.com for more information.