New York, December 4, 2007 - Building on its $30-million investment in a partnership with Syracuse University, JPMorgan Chase today announced the site for a new 200 thousand square-foot technology center it will build in upstate New York. The JPMorgan Chase Technology Center will be built on the western end of the Syracuse University campus, across from the Carrier Dome stadium.
"Syracuse University has been an innovative leader in education and we are proud to partner with them to train a new generation of information professionals for the financial services industry. The JPMorgan Chase Technology Center will create several hundred new technology-based jobs in upstate New York," said Frank Bisignano, JPMorgan Chase Chief Administrative Officer and member of the firm's operating committee. "In this effort, the firm continues its commitment to New York's economic growth and the environment by creating a sustainable state-of-the-art technology center in the heart of the Syracuse community."
"JPMorgan Chase is a global financial services leader and we are proud to partner with them in this landmark university-industry collaboration," said Syracuse University Chancellor and President Nancy Cantor. "The new Technology Center, located at the nexus of our campus and community, will create hundreds of new jobs and be a true hub of innovation. The Technology Center will bring together students, faculty and JPMorgan Chase employees who will work side-by-side to pool their intellectual capital to make a difference in industry, higher education and our region."
JPMorgan Chase Technology Center
Construction is scheduled to begin late next year for the JPMorgan Chase Technology Center. The Technology Center will house JPMorgan Chase employees, technology research labs, meeting rooms, and training and collaboration rooms. With its central location in the upstate New York community, the center will be a future hub of technology training for pre-college students, students at public universities and colleges in the area as well as those attending Syracuse University. The Technology Center will be the site for financial technology internships and an opportunity for students to work alongside JPMorgan Chase employees.
JPMorgan Chase will aim for Platinum Leadership in Energy and Environmental Design (LEED) certification in constructing the building. Reflecting the firm's commitment to the environment and sustainable development, the new center will feature the latest technology in water and energy efficiency to reduce energy consumption and utilize natural light. Recycled and sustainable materials will be used in the building construction. These green features are modeled on JPMorgan Chase's experience with renovations underway at its world headquarters in New York City, and construction of new buildings in lower Manhattan and London.
Syracuse University experts will collaborate in designing the green facility, drawing on cutting-edge research being conducted through the Syracuse Center of Excellence in Environmental and Energy Systems. The Center is a federation of over 140 firms, organizations, and institutions that create innovations to improve health, productivity, security, and sustainability in man-made/urban environments. Syracuse University faculty and the Center offer expertise in research, product development, and commercialization focusing on systems that monitor and control thermal comfort, air quality, lighting, sound, and water quality in these man-made/urban environments -- along with innovative energy systems that include clean technologies and renewable fuel sources.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. JPMorgan Chase is committed to investing in education, economic opportunity, development and environmental programs that enable people and communities to thrive. Information about the firm is available at www.jpmorganchase.com.
About Syracuse University
Chartered in 1870 as a private, coeducational institution of higher education, Syracuse University is a leading national research university of more than 18,000 full- and part-time students from all 50 states and 90 countries, and more than 1,400 faculty members. Syracuse University is propelled by the bold idea of Scholarship in Action-education that is not static, but the living expression of insight that incites change. It is a place where students become leaders, teachers, and collaborators and where the community is continually elevated by the energy of new ideas.