Oct. 12, 2010
The city of Phoenix and Charles Schwab officials today announced that they have finalized an agreement by which the financial services firm will purchase approximately nine acres of land from the city, adjacent to Schwab's Peak Campus site at 24th Street and Lincoln Drive. The land will be used to develop a parking facility that will enable Schwab to retain jobs, complete recruitment for 200 open positions and have the capacity to add up to 400 more jobs as needed over the next five years.
Expansion at the Schwab Peak Campus, the result of reconfiguring Schwab's geographic footprint in Phoenix, was constrained when parking demands could not meet the site's employment capacity.
“Schwab is investing in its future in Phoenix by retaining and adding jobs as well as adding more than $22 million in capital investments,” said Mayor Phil Gordon. “This is a private/public partnership with the end result being more jobs,” he said. Schwab is currently recruiting to fill approximately 200 positions by year end 2010.
"We currently have approximately 3,200 employees in Phoenix, which makes this home to the single largest population of Schwab employees in the U.S.,” said Joe Martinetto, Schwab executive vice president and chief financial officer. “Our corporate headquarters continues to be in San Francisco, but Phoenix is clearly a very important employment center for us.”
“Our purpose as a company is to help people become financially fit—not only our clients and our employees, but the people in the communities where we live and work too,” said Bernie Clark, executive vice president of Schwab Advisor Services, and a Phoenix resident. “This partnership with the city of Phoenix is an example of that—by helping us bring this acquisition to fruition, we are in a better position to continue providing high-quality jobs and opportunities to the people who make Phoenix their home.”
Schwab is currently recruiting to fill client service positions with starting salaries in the $34,000 to $40,000 range. Interested job-seekers should visit aboutschwab.com/careers.
“Retaining and growing companies that are already in Phoenix is a win for businesses that are established,” said District 6 Councilman Sal DiCiccio in whose district the Schwab campus is located. “They're able to create more jobs because they can tap into the city's talented workforce.”
|Sina Matthes, City of Phoenix
Sarah Bulgatz, Charles Schwab