Fidelity Investments is expanding its presence in New Jersey.

The financial services company is marking the opening of a new regional site in Jersey City's Newport Centre Tuesday. The 185,000 square foot office has about 600 Fidelity associates, including 240 new positions.

The company invested about $30 million to renovate the space into a state-of-the-art office.

Company officials say Fidelity has been in the tri-state area since 1981 and in Jersey City's Harborside Financial Center since 2002.

Company officials say they decided to consolidate their operations in the area for several reasons, including the area's reputation as a hub for financial services and the city's ongoing economic revitalization efforts.  

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