BlackRock Inc. announced a new plan that will add 500 jobs to the firm's New York City offices in the next five years. By 2011, 300 of them will be added as the world's largest asset manager confirms its intent to remain headquartered in the Big Apple.
The hires will boost the firm's headcount in the city to 1,530 before the end of 2010, and to 1,730 before 2016. The expansion plans were jointly announced by the firm's CEO, Larry Fink, and New York State Governor, David Paterson, after the state agreed to lower BlackRock's corporate tax rate to 33.5%.