FinTech in Westerville

Westerville is home to several major companies in the finance and insurance sector. Major factors for companies in this sector seeking a new location include available, affordable workforce and available office space. In addition, it is important to have convenient air service for corporate employees to travel to different company locations.

In Franklin and Delaware counties, there are more than 50,000 workers in the finance and insurance sector. Those workers receive an average annual salary of $86,380, which is significantly lower than the U.S. average of $106,655. JP Morgan Chase Bank, with almost 5,500 employees in Westerville, is the city’s largest employer. As a region, the finance and insurance sector represents nearly $13 billion. 

Forty-three percent of residents in Franklin and Delaware counties have an associate’s degree or higher. To ensure a continued talent source, Otterbein University offers degrees in accounting, business administration, economics and finance. In addition, the Ohio State University, located in Columbus, offers bachelor’s and graduate degrees in accounting, economics, finance, human resources, information systems, insurance, international business, logistics, marketing, operations, real estate and risk management. 

The Port Columbus International Airport is located 10 miles from Westerville and is served by 15 airlines and their regional partners, including American, Air Canada, Delta, Southwest, United and U.S. Airways. These airlines provide more than 150 daily flights to 34 cities, including Atlanta, Boston, Charlotte, Chicago, Dallas/Fort Worth, Denver, Detroit, Los Angeles, Miami, New York, Phoenix and Toronto.

Westerville has a wide range of available commercial space. Westerville is also home to a unique city-owned data center and the associated telecommunications infrastructure, including dark fiber rings, to support the technology needs of finance and insurance operations.