Business must be booming at T. Rowe Price. The fund firm today held a ribbon cutting on a spanking-new 147,000 square foot financial center in Colorado Springs at an equally new campus. The Colorado site will eventually consist of four buildings and have room for 750 employees by 2005.

The firm currently employs 280 in Colorado and has additional employees at facilities in Owings Mills, Maryland and Tampa, Florida.

The 30-acre complex, located at 2260 Briargate Parkway, will serve as the western operations center for a workforce consisting mostly of investment service representatives and 401(k) plan administrators, with 95% of the 280 current employees locally hired and trained.

The new complex "reflects the growth of the firm, particularly our retirement plan business," said James Riepe, the vice chairman, in a statement. "We have also been very pleased with the quality of the labor force in Colorado Springs and about our decision to expand there."

Officials at T. Rowe Price were unavailable for comment.  

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