Governor Wolf Announces BNP Paribas Expands in Southeast PA, Brings New Office and 300 Jobs to Region
Harrisburg, PA (STL.News) Pennsylvania Governor Tom Wolf announced that BNP Paribas, a premier global bank, is expanding its presence in southeastern Pennsylvania. The company’s current Pennsylvania office, located in King of Prussia, will relocate to a larger facility in Wayne to support the increasing size of its Pennsylvania workforce.
“This is a major expansion supporting BNP Paribas’ global economic footprint that will bring many new jobs to the region,” said Gov. Wolf. “The need for such expansive growth speaks to their success as a ‘bank for a changing world,’ and my administration is pleased to support BNP Paribas as they continue to flourish in the commonwealth.”
BNP Paribas received a funding proposal from the Department of Community and Economic Development (DCED) for a $1.15 million Pennsylvania First grant and $837,000 in Job Creation Tax Credits (JCTC) to be distributed upon the creation of new jobs. The company has committed to investing $18 million into the project, retaining over 100 existing jobs and creating nearly 300 new, full-time high-quality jobs over the next three years.
“The events over the past year have reshaped the bank’s perspective and provided us with a unique opportunity to rethink our real estate strategy and provide new working environments which will allow us to be more agile and adopt new ways of working,” said Kate Hutchinson, Head of U.S.