Rocket Mortgage eyes 700-job expansion in downtown Cleveland
Rocket Cos.
Rocket Mortgage employs nearly 700 people in Cleveland, at offices in the Higbee Building in the heart of downtown. The mortgage giant plans to create 700 new jobs here over the next five years, in a deal that hinges on securing incentives from the city, state and JobsOhio.
Rocket Mortgage, the mortgage giant formerly known as Quicken Loans, is eyeing an expansion that would bring 700 new jobs to downtown Cleveland over the next five years.
The Detroit-based company already employs nearly 700 people at its Cleveland office, a mortgage banking hub tucked inside the Higbee Building just off Public Square. Local economic development officials have been working on an incentive package to double that headcount in a deal that would create more than $50 million in additional payroll and bring welcome investment to a central business district grappling with fallout from the pandemic.