Capital One to add 500 jobs in Delaware
DOVER, Del. (AP) - September 26, 2011
Gov. Jack Markell announced Monday that Capital One will receive
a $5.6 million job creation incentive and a rebate of up to $1.5
million to cover 3 percent of the capital expenditures on a new
Wilmington facility.
Capital One, based in McLean, Va., announced plans to acquire
Delaware-headquartered ING Direct USA for $9 billion in June. Last
month the company said it would acquire HSBC's domestic credit card
business, which also employs state residents, in a transaction
valued at approximately $2.6 billion.
The incentives still must be approved by a state panel. Under
the agreement, the company must add 500 new jobs by December 2013.
