The authoritative source on Colorado Governor Bill Ritter brought to you by the Editors at the Cherry Creek News and Denver Community Newspapers
Thursday, January 15, 2009
GOV. RITTER ANNOUNCES 500 NEW JOBS COMING TO COLORADO
Gov.Bill Ritterand the Charles Schwab Corp. announced today that Schwab is expanding itsColoradooperations, with plans to add more than 500 new jobs inDouglasCounty.
"Over the past few months,Coloradohas 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 inColoradoby 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 toColoradowill 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 unincorporatedDouglasCounty.
"With 1,300 employees inColorado, 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 toColoradothanks 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. Visitwww.schwab.comfor more information.