News & Press

Oswald Companies Chooses Downtown Cleveland for New Headquarters

New Location to Bring 88 Additional Jobs

Published: Mon Feb 26 2024

Company Name: The James B Oswald Company

Location: Cleveland

Site Region: Northeast

Industry Sector: Financial Services

Company Profile: Oswald Companies meets client needs through its property and casualty, employee benefits, personal client management, retirement plan services, and life insurance business units across eight market locations and a family of partner companies.

Company Website: https://www.oswaldfinancial.com

Project Summary:

Type of Project: Expansion

Jobs:

Jobs committed: 88
Jobs retained: 320
Types of jobs: Financial Services

Capital Investment: $6,000,000

Company Need:

Oswald Company's location was not meeting its growth needs. The new location keeps Oswald in Cleveland and provides space for continued growth with its Northeastern Ohio talent.

For 131 years, Oswald has called the city center its home. We are grateful to the many entities that helped us find a new home downtown so we can continue our long-standing commitment to the region’s development and progress.

- Robert Klonk -

Oswald Chairman and Chief Executive Officer

Why Ohio?

Oswald wanted to maintain its headquarters in Cleveland to retain its talent and provide space for future growth. In addition, Ohio has experienced significant growth in the financial services sector over the past several years. Today, it operates as 4^th largest financial services sector in America. With a high concentration of financial services companies operating in the state, the advancement of fintech through research, technology, and innovation makes Ohio a primary landing spot for financial services and financial technology companies that shape the future of fintech.

Collaborators:

JobsOhio, Team NEO, The Ohio Department of Development, City of Cleveland, Cuyahoga County, Downtown Cleveland, Inc.