Phoenix, AZ, USA, Nov, 2018 -- Retirement, insurance and investment firm Voya Financial says it will open a new office in metro Phoenix and will add more than 1,000 new workers.
The planned office will add to the manager's existing Scottsdale office. About 200 employees in the firm's investment management business are currently based in Scottsdale.
Voya officials said at an event attended by Gov. Doug Ducey that it has found a temporary site for the new office that will open in January and is searching for a permanent location it hopes to open in mid-2020.
The timing of the announcement left some wondering if it was a political stunt. Ducey for his part, pushed back.
"... [N]ot only is our cost of living so much dramatically less than San Francisco and New York. It's not the fact that we pay people less. It costs less to live here. It's a better quality of life. There's more economic attractiveness. Are there any questions about Voya?"
The new office will include call center, back-office and customer support operations, as well operations for the firm's retirement, employee benefits and Individual life insurance businesses, plus support staff.
Ducey said he welcomes Voya's expansion and investment.
Posted by Veronica Silva Cusi, news correspondent
Published: Tuesday, November 6, 2018
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