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Professional/Financial Services

Ohio is a leader in the financial industry – home to more than 3,500 commercial banks, 750 savings institutions, 725 credit unions, 1,450 insurance carriers - five in the Fortune 1000. With an annual payroll of $11.2 billion and more than 260,000 employees, the financial industry plays a large role in Ohio’s economy.

Diverse Industries in Ohio

September 8th, 2008, No Comments

Ohio’s strength is built on its diverse regions and industries. Each industry attributes to Ohio’s business environment and economic success. For example, with an annual payroll of $11.2 billion and more than 260,000 employees, the financial industry plays a large role in Ohio's economy.

With an extensive network of financial institutions including numerous Fortune 1,000 banking and insurance companies, Ohio has the financial strength and diversity to provide the capital resources necessary for industrial and commercial development statewide. In fact, more than 17,500 financial companies call Ohio home.

As co-founder and certified fund specialist at Ascend Advisory Group, Chris Bardos brings over 20 years of experience in the financial services industry to the company. Chris recently shared with me his commitment to his home state and thoughts about Ohio’s business environment.

Click here for the complete interview with Chris Bardos.

TRUE or FALSE. Business and professional services in Ohio comprise almost 30 percent of the state's gross domestic product, contributing approximately $126 billion annually.

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