BANK OF AMERICA EXPANDS DATA PROCESSING CENTER

Bank of America seems to be quietly moving ahead with the plan of expanding its data processing center. This center is going to employ 60 to 70 full time workers, and is likely to be located adjacent to the Christiana Hospital.

According to the documents submitted to the state, Bank of America has invested $310 million to revamp the center. This would be the first of the three phase development that starts from Del 4 east of Harmony road around Christiana Hospital.

However, Bank of America has restrained itself from divulging any details about the project. There is news that the Bank has requested the state to release $10 million for the construction of the center.

The bank wants job development grant and public funding to reduce the cost of using fiber optic to connect the center to global data networks. The new fiber line would run from Wilmington up Kennett Pike to tie into a network in place south of Philadelphia.

State says that it does not have any details on the Bank’s construction plan, and the route of the fiber optic line.

“As it stands now, the project has pluses that reach far beyond the addition of bank jobs”, said Alan Levin, director of the Delaware Economic Development Office.

“What we view this as is a major investment by Bank of America into Delaware,” Levin said. “They are talking about an initial investment of $300-some million and a potential of going to $700 million or more in investment at the site in Christiana.”

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