Financial Services
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Succeed in Ohio
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If you’re on the hunt for a recipe for success in the financial services industry, look no further than Ohio.
A lower cost of doing business? Check.
A supportive environment for fintech innovators? Check.
Access to a large pool of sophisticated talent, a network of leading industry partners, and a supportive business climate? Check, check, check.
Ohio provides a unique, world-class financial ecosystem. The state’s highly diversified economy gives companies the foundation to succeed.
#4
Largest Financial Services sector in the U.S. (2022 Real GDP)
Tied #3
In top 50 Bank HQ’s (by asset) - S&P Capital IQ (2021)
#5
In number of Fortune 500 and 1000 headquarters in the U.S. - Fortune Magazine
#7
Largest U.S. financial services workforce at 255,000 - Lightcast/Bureau of Labor Statistics (2021)
Ohio – The Beating Heart of “Silicon Prairie”
Financial Services Director Ron Rock discusses Ohio’s world-class innovation ecosystem where bold ideas come to life. Learn about this fast-growing economy fit for the future.
Location, Location, Location
You can access nearly 75% of the U.S. and Canadian financial services industry within a two-hour flight. Two Ohio cities are also ranked as FinTech leaders by Business Facilities Magazine: Columbus (9) in the Southwest and Cleveland (10) in the Northeast.
In Ohio, you can…
- Collaborate with world-leading insurance and financial institutions like Progressive Insurance, KeyBank, Huntington, and Fifth Third Bank, as well as industry-disrupting fintech companies including Klarna and Bread Financial.
- Save money compared to investments in coastal cities: office rents ¼ of the cost of NYC and San Francisco, and talent is half the cost. Plus, take advantage of no state income tax. In Ohio, every dollar goes further.
- Hire sophisticated tech talent to power your fintech innovations in rising tech cities such as Cincinnati, Columbus, and Cleveland, which are consistently ranked among the top cities for young professionals and tech talent.
- Benefit from a supportive business and regulatory climate. In August 2018, Ohio demonstrated its commitment to a fintech future by passing legislation that protects firms developing innovative uses for blockchain technology.
- Apply for an R&D Center Grant to help financial and insurance companies pursuing innovations, including regtech, digital banking, insurtech, blockchain, AI, and risk management.
- Shape the future of insurance by joining the trailblazers in insurtech innovation who chose Ohio.
