Team NEO, in partnership with JobsOhio and local communities, announced support for AmTrust Financial Services, Inc.’s continued growth in Greater Cleveland. The company has committed to creating 121 new jobs over time while retaining its existing workforce through a significant investment in Northeast Ohio operations.
The project is supported by a $2.3 million JobsOhio Revitalization Grant to renovate a building in Mayfield Heights that will house the majority of the company’s employees, while maintaining a presence at two additional Northeast Ohio facilities, including locations in downtown Cleveland and Seven Hills.
The investment strengthens Northeast Ohio’s position as a center for financial and professional services while creating opportunities for regional talent and supporting continued economic growth.
“AmTrust’s decision to continue investing in Greater Cleveland reflects the strength of our region’s skilled workforce, competitive business environment, and the collaborative partnerships among local economic development organizations, Team NEO and JobsOhio,” said Matt Dolan, Chief Executive Officer of Team NEO. “Together, we’re creating an environment where businesses can grow and thrive.”
The expansion will support AmTrust’s ongoing growth within the commercial insurance industry while providing employees with a modern workplace designed to foster collaboration, innovation, and continued business success.
“We are proud of the office experience we are creating for our employees in the Greater Cleveland area,” said Vikram Singh, SVP, Global Head of Real Estate at AmTrust. “As we prepare for our move, we are continuing to invest in a workplace that enables our employees and business to thrive, reinforcing our commitment to the region and helping attract future talent for years to come.”
The project reflects the continued demand for financial and professional services talent in Northeast Ohio and highlights the region’s ability to support business growth through a skilled workforce, strong infrastructure and collaborative economic development partnerships.
Local leaders emphasized the importance of collaboration in bringing the project to fruition.
“We are excited to welcome AmTrust Financial Services, Inc. to Mayfield Heights. Their choice to join our community reflects the strength of our local business environment and the opportunities our city offers,” stated Mayor Diane M. Snider, City of Mayfield Heights. “We look forward to building a lasting partnership with the AmTrust team and supporting their continued success as we move forward together.”
“AmTrust has been an important part of Cleveland’s business community for more than a decade. While the company is expanding its footprint across the region, its decision to maintain a downtown Cleveland office and invest in a modern workspace for its employees reflects the value of having a presence in our city, ” said Joevrose Bourdeau Small, City of Cleveland’s Director of Development. “We’re committed to working with our regional partners to retain employers, support business growth, and make sure Cleveland remains a place where companies can build their future. “
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. is a leading specialty insurer recognized for its innovative solutions and commitment to service, serving more than 60 countries worldwide. AmTrust is rated A- (Excellent) by AM Best. For more information about AmTrust, visit http://www.amtrustfinancial.com.
About Team NEO
Team NEO is a private, nonprofit economic development organization that retains, expands, and attracts jobs, businesses, and opportunities across Northeast Ohio’s 14-county region. As JobsOhio’s exclusive partner in Northeast Ohio, Team NEO connects businesses to the data, resources, sites, and incentives to win new business investment for Northeast Ohio. The organization also provides insights to build talent pipelines, prepares development-ready sites, and markets the region as a premier business destination. To learn how Team NEO helps make Northeast Ohio more competitive, visit northeastohioregion.com.
About JobsOhio
JobsOhio, Ohio’s private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention, and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition, Lake to River Economic Development, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO. JobsOhio delivers world-class customer service to provide companies with a competitive advantage. In 2026, Ohio was named CNBC’s Top State for Business. Learn more at www.jobsohio.com. Follow us on LinkedIn, X , Instagram, and Facebook.