Claims Recovery Financial Services (CRFS), which provides post-foreclosure claims processing management solutions, is expanding its operations into the former JPMorgan Chase complex in Albion, N.Y.
The company has announced that it will be consolidating its employees in New York State into the new, 60,000-square-foot facility recently purchased by developer Roger Hungerford/Talis Equity. The transition is expected to be complete by March 2014.
The company reports that it has hired 55 former JPMorgan Chase employees who previously worked at the facility. These workers lost their jobs as a result of the bank closing the Albion call center that employed approximately 413 local residents.
In addition, the company will be fast-tracking its recruiting efforts aimed at hiring another 150 employees – with a goal of eventually adding 315 new positions – thus making it the largest private employer in Orleans County, N.Y.
‘One of the many benefits of the Chase complex is that it's a state-of-the-art, turnkey facility – which will allow CRFS to ramp-up quickly and fast track our much-needed expansion,’ says Jodi Gaines, founder and CEO of CRFS. ‘We are now in a position to offer other candidates job opportunities. I can enthusiastically tell you today that there are 150 newly available positions at CRFS, and we are actively recruiting.’
According to a company press release, Empire State Development has offered CRFS an $872,500 incentive package (including a $472,500 wage tax credit and a $400,000 capital grant) to assist with job creation and retention.
In addition, the Orleans Revolving Loan Fund (ORLF) approved a low-interest loan in the amount of $250,000 for the purchase of new equipment for the facility, and the Orleans Economic Development Agency (OEDA) is making available sales tax abatement for the related equipment purchases.
What's more, a New York State Community Development Block Grant was awarded to assist CRFS in its expansion.
During a press conference held to announce the expansion, U.S. Sen. Charles E. Schumer, D-N.Y., who personally intervened on Jodi Gaines' behalf with JPMorgan Chase CEO Jamie Dimon to give CRFS immediate access to Chase workers seeking jobs, said, ‘This effort has been months in the making, and the results speak for themselves: jobs, jobs, jobs. Fifty-five former Chase workers are putting their skills to work for CRFS, and there are even more jobs to come.’