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Depository Trust & Clearing Moving to NJ

JERSEY CITY-Gov. Jon S. Corzine announced that the Depository Trust & Clearing Corp. has agreed to move 1,600 jobs from Lower Manhattan to 415,000 square feet at the Newport Office Center here.

By Maria Wood | Updated on October 13, 2009

JERSEY CITY-Gov. Jon S. Corzine announced yesterday that the Depository Trust & Clearing Corp. has agreed to move 1,600 jobs from Lower Manhattan to 415,000 square feet at the Newport Office Center here.

The move is expected in early 2013. “After lengthy deliberations with officials in New York and New Jersey, we have concluded that a move to New Jersey is the right decision,” says Donald F. Donahue, DTCC chairman and CEO, in a statement. “New Jersey offers us a favorable business climate, convenient access to our customers in the greater metropolitan area and also allows us to disperse our staff more widely for business continuity purposes. New Jersey will benefit from an infusion of 1,600 highly skilled professionals who specialize in financial services, information technology and operations. We are also excited to tap into New Jersey’s skilled workforce as our business grows in the future.”

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