Empire State Development Announces Oscar Health to Establish New Headquarters at One Hudson Square

Major Expansion To Create 289 New Jobs in New York

July 3, 2018

Empire State Development (ESD) today announced that Oscar Health will establish its new headquarters at One Hudson Square and create 289 new jobs over the next five years as it continues to expand. 

Oscar Health is a New York-based, technology-driven health insurance company founded in 2012 that offers individual and small business plans. It currently serves markets in New York, New Jersey, California, Texas, Tennessee, and Ohio and it plans to expand to new markets in Michigan, Florida and Arizona as well as within Texas, Tennessee, and Ohio for 2019, pending regulatory approval. Oscar is one of the fastest-growing health insurance start-ups and was named one of CNBC’s Top 50 Disruptors this year. Oscar raised $165 million in new venture capital in its latest funding round.

"New York is a hub for new innovation, new ideas, and new companies seeking to change the way we do business," said ESD President, CEO, and Commissioner Howard Zemsky. "The 21st century economy is catalyzing the growth of tech-enabled companies across all industries, and New York has the ecosystem, the workforce, and the infrastructure to support and encourage this tremendous growth."

“Oscar’s vision for a technology-driven health care system continues to attract a diverse range of top-tier talent from different backgrounds and industries and has fueled our exceptional growth,” said Kerry Van Voris, SVP of People at Oscar Health. “As we scale Oscar and recruit more employees, we’ve made the exciting decision to move Oscar’s New York offices to One Hudson Square, where we will have more room to support our employees and teams with a beautifully designed space in a terrific, central location.”

To encourage Oscar Health’s growth in New York, ESD offered the company up to $3.5 million in performance-based tax credits through the Excelsior Jobs Program. Oscar will create 289 new jobs over five years in technology, data science, clinical positions and more, and has retained the acclaimed architecture and interior design firm Gensler to outfit its new headquarters at One Hudson Square.  

About Empire State Development

Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.

About Oscar Health

Oscar Health is a technology-driven, consumer-focused health insurance startup founded in 2012 and headquartered in New York City. Oscar uses technology and personalized service to give members transparency into the health care system and empower them to choose quality, affordable care. The Oscar member experience includes a personalized concierge team that helps members do everything from finding a doctor to processing a claim, a 24/7 Doctor on Call service for members on the go, and a tightly integrated, curated network of first-rate physicians and hospitals. Members can easily access their health history and account information via hioscar.com and our iOS and Android apps. Oscar offers individual and small group plans and its 2018 coverage areas include New York, California, Texas, New Jersey, Tennessee, and Ohio alongside Cleveland Clinic. Say hi or learn more at https://hioscar.com or follow us at https://twitter.com/OscarHealth.

Amy Varghese | [email protected] | 212-803-3740
ESD Press Office | [email protected] | (800) 260-7313