State & Local News
Massachusetts Supports JPMorganChase Boston Expansion
March 18, 2026
Governor Maura Healey announced JPMorganChase's expansion in Boston with the company's relocation to South Station Tower, creating hundreds of new jobs. This development underscores Massachusetts' commitment to fostering economic growth by enhancing infrastructure and reducing business costs, reinforcing Boston's status as a global financial services hub.
- Why this matters: State-level support for major corporate expansions signals opportunities for infrastructure improvements and related procurement activities in Boston.
- Procurement professionals should anticipate increased demand for facility management, construction, and support services linked to South Station Tower and surrounding infrastructure.
- Contractors specializing in commercial real estate, urban development, and financial services support may find new business prospects aligned with this expansion.
- This expansion reflects broader state economic strategies that could influence future procurement priorities and public-private partnerships in Massachusetts.
Massachusetts is leading because we are building an economy where businesses want to invest and grow. It’s great that JPMorganChase is expanding in Boston and choosing South Station Tower as its new home, bringing hundreds of new jobs to the city and strengthening our role as a global hub for financial services.
— Governor Maura Healey
Agencies
Commonwealth of Massachusetts
Vendors
JPMorganChase