JP Morgan Chase May Leave Manhattan

[ctman987]

An article in todays NY Times shows that JP Morgan Chase is playing hardball with the city and state of New York. They are threatning to move thousands of jobs from Manhattan to Stamford. The company wants to move employees from Park Avenue in Manhattan to the site of the former Deutsche Bank building in lower Manhattan near Ground Zero. The company wants to build a 50 story office building there. They have received incentives to move to lower Manhattan but want even more, they want incentives like companies such Goldman Sachs got to move downtown.

Obviously Manhattan is not Hartford but Manhattan still has to play hardball with employers to reamin in the city and not leave for Stamford or Jersey City of White Plains, etc. Hartford needs to remain competitive because it cant just think that companies will automatically want to move to the city or want to stay in the city. Hartord needs to get on top of retaining jobs and offering incentives because if the city of New York is doing this then the city of Hartford definitly should.

Maybe incentives from the city could have saved MetLife for example, sadly we will never know.

http://www.nytimes.com/2007/04/25/nyregion...ml?ref=nyregion

[MadVlad]

An article in todays NY Times shows that JP Morgan Chase is playing hardball with the city and state of New York. They are threatning to move thousands of jobs from Manhattan to Stamford. The company wants to move employees from Park Avenue in Manhattan to the site of the former Deutsche Bank building in lower Manhattan near Ground Zero. The company wants to build a 50 story office building there. They have received incentives to move to lower Manhattan but want even more, they want incentives like companies such Goldman Sachs got to move downtown.

Obviously Manhattan is not Hartford but Manhattan still has to play hardball with employers to reamin in the city and not leave for Stamford or Jersey City of White Plains, etc. Hartford needs to remain competitive because it cant just think that companies will automatically want to move to the city or want to stay in the city. Hartord needs to get on top of retaining jobs and offering incentives because if the city of New York is doing this then the city of Hartford definitly should.

Maybe incentives from the city could have saved MetLife for example, sadly we will never know.

http://www.nytimes.com/2007/04/25/nyregion...ml?ref=nyregion

[Whaler0718]

Hearing this, the powers that be in Hartford should make a major push for this corporation. However, I'm sure they won't even know about this....

[MadVlad]

Both the Morgan's and the Chase's have ties to Hartford. It wouldn't be an absurd move for the company, although, as Tom Condon pointed out in Sunday's Courant, it would make a lot more sense if there were regular, high-speed train service between Hartford and New York City. I don't think the workforce would support a move to Hartford. Baby steps: Hartford needs to manage to attract a few business from Hartford County--and keep businesses in the city where they are--before it successfully makes a push for JP Morgan Chase!!

[uconn99]

Give them 50 years tax free, I don't care. Do you know how much having Chase downtown would do for not only the city but the entire region. The state should build them the damn tower!

Just imgaine a nice 700 foot tower with residential mixed in for good measures.

[penetcostal_iglesia_faith]

Give them 50 years tax free, I don't care. Do you know how much having Chase downtown would do for not only the city but the entire region. The state should build them the damn tower!

Just imgaine a nice 700 foot tower with residential mixed in for good measures.

[drc72]

Give them 50 years tax free, I don't care. Do you know how much having Chase downtown would do for not only the city but the entire region. The state should build them the damn tower!

Just imgaine a nice 700 foot tower with residential mixed in for good measures.

[Lowerdeck]

It wouldn't happen even if you stapled the NY Times article to the mayor's door, and then left him an article (in English and Spanish (for laughs)) to tell him what to do in order to get this deal done... even volunteering your own services instead of his cronies.

Another 500 foot tower in Hartford, can't go wrong with that.