News & Press
Wells Fargo Chooses Ohio for New Financial Services Technology Center
IT Hub in Columbus to Create 350 New Jobs
Company Name: Wells Fargo Bank, National Association
Site Region: Central
Industry Sector: Financial Services
Company Profile: Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet and mobile banking, and has offices in 42 countries and territories.
Company Website: http://www.wellsfargo.com
Project Summary:
Type of Project: New Location
Jobs:
- Jobs committed: 350
- Jobs retained: 36
- Types of jobs: Financial Technology
Capital Investment: $0
Timetable: Hiring is ongoing.
Company Need: Wells Fargo evaluated several markets for the creation of a new technology center. Leading site selection factors include the availability of skilled IT job candidates, labor costs, and the availability of incentives to serve as a cost offset.
Why Ohio?
Ohio has experienced significant growth in the financial services sector over the past several years. Today it operates as 4th 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.
Finance and insurance comprise the top private sector by economic output in the Columbus Region, which is home to global banking institutions, national insurance providers, and financial technology companies alike.
Collaborators:
JobsOhio, Ohio Department of Development, One Columbus