Wolf Administration attends ribbon cutting for Premier Global Bank’s new location in Southeastern PA

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Chesterbrook, Pennsylvania – The Secretary of the Department of Community and Economic Development (DCED), Dennis Davin, joined today the CEO of BNP Paribas USA, Jean-Yves Fillion, the CEO of CIB Americas Jose Placido, the leaders of the company and the lawmakers at the official groundbreaking ceremony for the new Chesterbrook, County of Chester. site. The Wolf administration has supported the project which will create 300 new jobs.

“It is an honor to be part of the next step in BNP Paribas’ history, just a few months after the announcement of its major expansion project which is creating hundreds of new jobs for the region,” said Sec . Davin. “Our Commonwealth has so much to offer successful businesses ready to grow. This new location meets the needs of the company’s growing workforce, and the company’s investment in this community allows existing positions to be retained while providing many new jobs and opportunities to residents of the south. eastern Pennsylvania.

BNP Paribas received a funding proposal from the Department of Economic and Community Development (DCED) for the expansion of a Pennsylvania First grant of $ 1.15 million and $ 837,000 in tax credits for job creation (JCTC) to distribute when new jobs are created. The company has pledged to invest $ 18 million in the expansion project, to retain more than 100 existing jobs and to create nearly 300 new, quality full-time jobs over the next three years.

“My administration was delighted to support BNP Paribas earlier this year as the company announced its expansion and relocation efforts within the Commonwealth,” Governor Tom Wolf said. “The growth of the business is an investment in this community, a testament to the Pennsylvania business climate, and creating hundreds of new employment opportunities for this region.

The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the Governor and work with companies planning to locate or expand in Pennsylvania.

“The bank has a long history in the United States since 1858 with a strong presence in major cities – and we are delighted to add Chesterbrook as a key location for our corporate and institutional banking activities,” said CEO of CIB Americas at BNP. Paribas José Placido. “Our new office in Chesterbrook will not only play an important role in serving our clients, but it will also be the model of our future workplace around the world, with a particular focus on employee well-being and experience. . “

The expansion and move increased the company’s workspace from 14,000 rentable square feet (RSF) to approximately 59,000 RSF. The bank has made significant improvements to workspace and facilities to support new ways of working, as well as environmental advancements.

BNP Paribas is a leading bank in Europe with an international reach and a mission to contribute to responsible and sustainable growth by financing the economy and advising its clients according to the highest ethical standards. It is present in 68 countries with around 193,000 employees, including more than 148,000 employees in Europe. The group occupies key positions in its three main activities: domestic markets, international financial services and investment and institutional banking. The group supports all of its clients in carrying out their projects through financing, investment, savings and provident solutions.

In the United States, BNP Paribas has built a strong and diversified presence to support its customers. The bank employs nearly 14,000 people and has had a presence in the United States since the late 1800s. Bank of the West serves more than two million individuals and small businesses through a network of approximately 600 branches and centers. business. Large corporates and institutional clients are served by the Corporate & Institutional Banking franchise of BNP Paribas, present in the main cities of the United States, in addition to a global reach thanks to a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as real estate and fleet services through partnerships.

For more information on the Governor’s Action Team or DCED, visit the DCED website and be sure to stay up to date with all of our agency’s news on Facebook., Twitter, and LinkedIn.

MEDIA CONTACT:
Rachel Wrigley, DCED, rwrigley@pa.gov

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