Financial Services
A leading U.S. financial services sector invested in stability and growth.
Financial Services
Industries
Establishing operations in Northeast Ohio makes good financial sense.
With one of the nation’s largest financial services sectors, a 100-plus-year industry legacy, a Federal Reserve Bank, more than 60,000 financial services professionals, and 18 higher education institutions with finance and business programs, the Northeast Ohio Region is well equipped to support financial business success.
On top of a strong financial business ecosystem, finance companies that establish operations in the Northeast Ohio Region benefit from operating and wage costs that are a fraction of other top markets, low risk of disruptive natural disasters, plus access to Ohio’s 44,000 annual financial services graduates.
Northeast Ohio offers emerging opportunities in cybersecurity, data management, process management, credential management, decentralized finance, and more, making the region well poised to support the future of the industry.
Download our resource guide and learn more about the Financial Services industry within the Northeast Ohio Region.
A robust, highly trained workforce + low business costs = successful financial operations
The Northeast Ohio Region’s impressive financial sector and workforce, paired with low rental and wage costs, makes it a sound option for businesses in the financial sector.
Financial Services Ecosystem in Northeast Ohio
Company
Access to Talent
Partners
R&D Resources
Infrastructure
5th largest
5th largest financial sector in the U.S.
5th
5th in number of Fortune 500 & 1000 companies in the U.S.
1/2 of new york
1⁄2 of New York City’s wage cost
1/4 of new york
1⁄4 of New York City’s commercial rental cost
60,000+
60,000+ financial service professionals
Available Sites
North Jackson – McCluggage
A rectangle-shaped 92-acre site on three parcels for sale by a private owner, this property is half wooded and half farm land. Currently zoned as agricultural, the site sits along a divided access road between two industrial areas.
Nelson Sand & Gravel
The Nelson Sand & Gravel site, located halfway between Cleveland, OH and Erie, PA, is approximately 94 acres that can be subdivided as needed and is owned by a single owner.
Louisville Industrial Park
This site was home to the former Chesapeake/Encino Energy Corp office. It has over 170 contiguous, developable acres expandable up to 261 acres.
JAB Property, Ashtabula
The JAB property, located on just over 80 acres of publicly owned land in Ashtabula, is a prime site for industrial development.
Cuyahoga Valley Industrial Center
The Cuyahoga Valley Industrial Center is adjacent to I-77.
Colleges, universities, and education providers offering financial services related areas of study.
Financial Servies Workforce Data
Top 10 Financial Services Employers in Northeast Ohio
| Company | Employees |
|---|---|
| Progressive Corp. | 12,849 |
| KeyCorp | 5,648 |
| Huntington National Bank | 3,593 |
| Medical Mutual of Ohio | 2,342 |
| Westfield | 1,612 |
| UnitedHealthcare | 1,300 |
| JPMorgan Chase & Co. | 1,039 |
| Federal Reserve Bank of Cleveland | 939 |
| Third Federal Savings and Loan | 827 |
| Citizens Bank | 559 |
Top 10 Financial Services Occupations in Northeast Ohio
| Occupation | Employed in Industry |
|---|---|
| Tellers | 5,398 |
| Securities, Commodities, and Financial Services Sales Agents | 5,346 |
| Customer Service Representatives | 4,742 |
| Personal Financial Advisors | 3,199 |
| Loan Officers | 2,995 |
| Insurance Sales Agents | 2,352 |
| Claims Adjusters, Examiners, and Investigators | 2,111 |
| Loan Interviewers and Clerks | 2,048 |
| Financial Managers | 1,919 |
| Insurance Claims and Policy Processing Clerks | 1,849 |
9.3K+
Certificates
12.3K+
Associate’s Degrees
21K+
Bachelor’s Degrees
9.3K+
Graduate Degrees
Case Study
Rocket Mortgage
America’s largest mortgage lender and creator of the first fully digital mortgage experience, recently completed an expansion project in downtown Cleveland.
Northeast Ohio Regional Events
