This is awesome news for SA. Here in Columbus I haven't heard of Nationwide trying to expand its company at all, neither have I even heard of SA being in the running for new jobs from them. O well this will be an awesome shot to the job market and diversify our economy just a tad bit more. Much better than some new hotel announcement or something.
http://www.mysanantonio.com/business...obs_to_SA.html
By David Hendricks - Express-News
Columbus, Ohio-based Nationwide Mutual Insurance Co. will create 838 jobs in San Antonio at a regional corporate campus to be developed in the city's Westover Hills area, Mayor Julián Castro announced today.
Gov. Rick Perry said in a release that the state will invest $2.5 million through the Texas Enterprise Fund (TEF) in Nationwide Mutual to expand corporate operations in San Antonio.
Nationwide is a large, diversified insurance and financial services organization with more than $135 billion in assets. The company provides a wide range of insurance and financial services.
The services include insurance for auto, motorcycle, boat, homeowners, life, farm and commercial. The company also provides administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services.
The job-creation recruitment between Nationwide, the San Antonio Economic Development Foundation, the city and the county has been in the works for a long time, Bexar County Judge Nelson Wolff said Wednesday.
The San Antonio campus will not be a headquarters or a call center. “But it's big,” a source knowledgeable about the project said before Castro's announcement.
Westover Hills on the city's far West Side is home to several financial company back offices, including a Wachovia operations center now operated by Wells Fargo Bank, JPMorgan Chase Cardmember Services and the QVC Network.
Nationwide dates back more than 80 years, starting as a small mutual auto insurer owned by policyholders. Working with farm bureaus, the company grew by offering low auto insurance rates to Ohio farmers. After starting with the name The Ohio Farm Bureau Federation and later Farm Bureau Mutual, it took the Nationwide name in 1955.
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