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.

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