Fidelity Investments planning to add 300 jobs, invest $13 million; will seek $2.61M in incentives


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  • | 12:00 p.m. October 27, 2015
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Fidelity Investments will bring 300 jobs and invest $13 million as part of a local expansion, in exchange for $2.61 million in state and local incentives.

The Boston-based company is making the capital commitment, almost 10 years after it first opened a local center. The expansion would push its local workforce to about 1,100 employees.

Average salary for the created jobs will be $64,300.

In return, the company would receive $488,000 in incentives from the city — a Recaptured Enhanced Value grant of $128,000 and a Qualified Targeted Industry grant of $360,000.

The remaining $2.13 million comes from the state.

“This is just a really big win for our city today,” said Mayor Lenny Curry at a news conference announcing the deal.

Legislation is being filed this afternoon for introduction to City Council on Nov. 10.

 

 

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