Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Wells Fargo Establishes Columbus, Ohio, Operations

12/29/2023
Wells Fargo plans to establish a technology center in Columbus, Ohio. The $3.25 million project is expected to create 350 jobs.

The 68,000-square-foot facility, located at 3075 Loyalty Circle, is currently undergoing modernization.

“There isn’t a more natural home for this chapter of our business than Columbus,” said Wells Fargo Chief Information Officer, Alan Varrasso. “Technology is moving rapidly, and we’ve carefully developed this project to meet the demands of the market. We’re looking forward to building out this new chapter of our business and making Ohio its home.”

The project is being supported by $30 million in state tax credits. In addition, the city's agreement, which only covers workers at the Columbus office and not any work-from-home employees, gives the company a 25% break on city income tax for new employees, or 30% for new employees who are also Columbus residents, both for up to five years.

“Investing in fintech is the future of the financial services industry, so it speaks volumes that a global leader in this space that is headquartered on the West Coast chose Ohio for these new operations,” noted JobsOhio President and CEO J.P. Nauseef. “Wells Fargo’s new Columbus technology hub will bring hundreds of new IT and software development jobs while strengthening Ohio’s position as the fourth largest financial services state in the nation.”

Exclusive Research