Growth
Share in Ohio's strength
Ohio saw inflation-adjusted 25.5 percent net growth of the financial services industry from 2001 through 2009. Ohio is home to more than 3,500 commercial banks, 750 savings institutions, 725 credit unions and 1,450 insurance carriers
Workforce
Attract and retain the talent you need
Ohio’s robust financial services industry has an annual payroll of more than 11.2 billion.
Taxes
Keep more of your revenue
In the last five years, Ohio has lowered business tax burdens by more than half, eliminating taxes on inventory, corporate income and investments in equipment.
Effective tax rate on new investment in Ohio, ranking Ohio 3rd in the U.S. based on recent analysis by Ernst & Young.
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Headquarters
The perfect base of operations
Six insurance carriers with headquarters in Ohio made Fortune’s list of the 1,000 largest American companies, as judged by revenue in 2010: Nationwide Insurance, Progressive Insurance, Western & Southern Financial Group, American Financial, Cincinnnati Financial, and Medical Mutual of Ohio.
Capital Investment
Serious commitment to Ohio
Operations investment made in Ohio in the past three years, by three companies alone: Nationwide, PNC and American Financial Group. Ohio led the nation in business expansion four out of the past five years.
Education
Aligned with the demands of modern business
Ohio’s public and private universities supply well-prepared employees to our workforce. And robust academic/industry collaboration helps bridge the gap between theory and practice. You’ll find thriving business, economics and law programs at many of Ohio’s universities, including:
Location
World-class logistics that help your business thrive
Get to market faster. Ohio is recognized globally for its fast, effective routing of goods and services worldwide. Multi modal and centrally located, Ohio’s logistical infrastructure is designed to move parts and products in and out remarkably fast.
Site Selection
Narrow your building and location choices
Discover why Site Selection magazine picked Ohio as the top state to locate a business four years in a row. JobsOhio Consultants will quickly provide the economic, geographic and other data you need to make an informed decision, and connect you with the industry, funding and political partners you need to move fast.
For more details, view our Data Center
Partners
Maximize your marketability
The spirit of community within Ohio’s financial services community – both in business and in higher education – is central to our industry leading position.
These and other corporations have significant operations in Ohio.
These and other local organizations foster advocacy and collaboration among Ohio's banking and insurance leaders.
Ohio is home to a massive banking community, with significant regional, national and international institutions either based here or with large employee footprints (JP Morgan Chase is the state’s single largest financial services employer). The state includes more than 230 banks and thrifts, including three of the top 20 in the nation. More than 350 credit unions add to the state’s diverse financial services mix.
We’re also one of the nation’s most concentrated centers for insurance companies. Ohio has more than 250 P&C and life insurance companies, including four of the top 35 in the United States. Ohio is 7th in total U.S. insurance employment by state, and is home to the second most P&C companies in the country.
In addition to hundreds of banks and insurance companies, Ohio hosts additional specialty firms that enhance and service the industry, including companies that offer financial technology, processing and service operations, finance and credit specialists, and more.
Contact
The best way to learn about Ohio is to see us in action.
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