The center, to be housed in the Howell Building at 1111 Fannin in the CBD, is expected to take up as much as two floors, according to Laura Van Ness, director of business development with Central Houston Inc. "They can be up and running so quickly by June, because the company already owns the building and has the infrastructure they need already in place, such as back-up power service," Van Ness said.
At yesterday's press conference, the company announced intentions to have 75 employees working at the center by year's end, with the labor force increasing to 250 by the end of 2003, Van Ness said.
"The technology professionals working here will be involved in designing and running many of the highly sophisticated software applications that support JPMorgan's Investment Bank around the world," said Frank Lipkin, the firm's chief technology officer for resource and location management. "The people who work in technology come from all over the world and we wanted to select a truly international city. We found that city in Houston, which is rich in diversity, culture and technological expertise."
Pamela House Lovett, president of the Greater Houston Partnership, said "the 250 jobs and $63.1 million in annual impact that the company brings to the local economy is another indication that our highly competitive cost of doing business, educated and readily available workforce and quality of life will continue to attract businesses to the Houston region.
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