Company Commits to 900 New Jobs
CLEVELAND, Ohio, October 30, 2017 – JobsOhio and Team NEO are proud to announce Progressive Insurance, the nation’s fourth largest auto insurer and a leading seller of other insurance products, will be expanding in Northeast Ohio. The expansion will bring 900 new jobs to the state and retain nearly 10,000 positions.
Progressive Chief Human Resources Officer Lori Niederst cited the business-friendly environment and large pool of qualified talent in the region as key factors in the company’s selection of Northeast Ohio. “Progressive has called Northeast Ohio home for 80 years. We know it’s a great place to live, work and play and we’re pleased to be adding jobs here,” said Niederst. “We are committed to attracting and developing the top talent in this area to help us meet our goal of becoming the number one choice and destination for auto and other insurance.”
A team of representatives from Team NEO, JobsOhio and the Greater Cleveland Partnership (GCP) collaborated closely to ensure the company’s continued growth remain in Northeast Ohio.
“We welcome Progressive’s newest investment and the 900 new jobs it will bring to Ohio,” said JobsOhio Managing Director for Financial Services & HQ Operations Valentina Isakina. “Progressive is an outstanding example of a truly innovative industry leader leveraging the Ohio talent and ecosystem to maintain and expand its competitive edge. We are proud of this partnership and collaboration.”
Bill Koehler, CEO of Team NEO, added, “We are thrilled that Progressive has chosen to grow its headquarters here. Ohio is second only to New York City for the number of top U.S. bank and insurance company headquarters because it is a premier location for businesses given its financial services, innovation network, abundant tech-savvy talent and top-rated banking business climate. We are committed to helping Progressive and the rest of this sector grow and thrive in Northeast Ohio.”
“Progressive has called the Cleveland area home for more than 80 years,” stated Joe Roman, President and CEO of the Greater Cleveland Partnership. “This investment demonstrates the company’s continued confidence in Greater Cleveland’s business environment. GCP is committed to Progressive’s long-term success and continued growth in our region.”
The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it’s most convenient — online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. Home insurance is underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries (ASI), our majority owned subsidiaries.
Progressive is the fourth largest auto insurer in the country; a leading seller of motorcycle and commercial auto insurance; and through ASI, one of the top 20 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and Service Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.
About Team NEO
Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, Team NEO leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, accelerates the impact of innovation in the region, and aligns strategies and resources within the economic development network to maximize its impact. In addition, Team NEO provides tools to assist employers in attracting talent to the region. For more information, visit www.clevelandplus.com.
JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobs-ohio.com. Follow us on LinkedIn, Twitter and Facebook.