The company's plan is to combine its operations here with otherssited in Plainsboro, NJ into one campus-style location. Bloomberg'slocal operations are involved in data collection, editorial andmarketing. The company's other two major operations are located inNew York City, its headquarters, and London. Bloomberg currentlyhas 1,600 staffers in the Princeton area, and the capacity of itsMontgomery site is approximately 4,000 workers.

"We are growing at about 20% a year," according to Paul Darrah,the company's real estate director. "We expect to need between2,500 and 3,000 employees in the Princeton area by 2003."

Earlier plans to expand met with resistance from MontgomeryTwp., but several of the problems have been solved. In the mostimportant one, the township has added sewer capacity to handle theexpected growth at the Bloomberg site. A wetlands problem involvingthe adjacent site was solved when it was determined that anendangered turtle species doesn't live there anymore.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.