Press Release

Charles Schwab Expands in Maitland Bringing 200th Project for Economic Development and 30,000 jobs created in the region 

This economic development project marks the 200th company announcement since the inception of the Orlando Economic Partnership (OEP) in 2017 with nearly 30,000 new jobs created with a capital investment of $3.6 billion and annual payroll that hits $3.3 billion, creating opportunities that are vital to the economic health and prosperity of our region. 

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Charles Schwab & Co. (Schwab), one of the nation’s leading financial services firms, will expand its presence in the Orlando region with a major investment.

Maitland, Fla. – Charles Schwab & Co. (Schwab), one of the nation’s leading financial services firms, will expand its presence in the Orlando region with a major investment. 

This economic development project marks the 200th company announcement since the inception of the Orlando Economic Partnership (OEP) in 2017.  The OEP is the region’s leading economic and community development organization. This important milestone highlights the OEP’s role in attracting new and assisting expanding companies who are looking to build success in our region.

This announcement brings the total of OEP projects to nearly 30,000 new jobs created with a capital investment of $3.6 billion and annual payroll that hits $3.3 billion, creating opportunities that are vital to the economic health and prosperity of our region. 

As Schwab crosses $10 trillion in assets, this investment reaffirms our commitment to Orlando and to our employees who serve our clients’ investing and wealth management needs. Orlando plays an important role in our plans for the future, as a hub for great talent supporting our firm’s growth and serving the needs of our expanding client base. 

Charles Schwab, Spokeperson

Schwab already employs over 1,200 people in the area and recently acquired four office buildings, two garage structures and surface parking at 1950, 1958, 1991 and 2001 Summit Park Drive. Schwab has emphasized its commitment to growth and talent development and highlighted how Orlando has been an important part of Schwab’s growth for over three decades.  

After being introduced to the project in 2022, the OEP played a critical role in facilitating this expansion, connecting Schwab with FloridaCommerce and assisting with the company’s incentive application process.   

Charles Schwab’s decision to expand in Maitland in the Orlando region is a testament to the region’s strong economic fundamentals and appeal as a business destination.

Tim Giuliani, President and CEO of the OEP

“Schwab’s investment and them choosing the Orlando region when they could have gone to other markets will not only create high-wage jobs but also solidify Central Florida’s position as a top choice for leading financial and professional services companies,” Giuliani said.

This expansion underscores the exceptional opportunities Orange County offers for businesses to grow and thrive.

Jerry L. Demings, Orange County Mayor

“Charles Schwab’s commitment to investment and job creation will leave a lasting positive impact on our community, driving economic growth and fostering a diverse and skilled workforce,” Demings added. 

With this major investment, Charles Schwab reinforces its commitment to Central Florida, ensuring a bright future for its employees, clients, and the community at large. 

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About Charles Schwab 

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.5 million active brokerage accounts, 5.4 million workplace plan participant accounts, 2.0 million banking accounts, and $10.10 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, (https://www.sipc.org), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com

About the Orlando Economic Partnership

The Orlando Economic Partnership (the OEP) is an economic and community development organization that works to advance Broad-based Prosperity®. Through the power of partnerships, we grow the economy, attract companies that create new jobs, drive investment, improve competitiveness and fuel regional leadership.