COLUMBUS REGION ECONOMIC UPDATE
OCTOBER 6, 2016
#cbus2020
DECEMBER 2, 2016
#cbus2020
10-YEAR GOALSCAPITAL
INVESTMENTNET
NEW JOBSPER CAPITA
INCOME
Goal: 150,000Pace: 205,142
Goal: $8BPace: $11.25B
Goal: 30%Pace: 46%
Current: 135,052 Current: $7.31B Current: 17%
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MANUFACTURING EMPLOYMENT
Jan-1
0
Jun-1
0
Nov-10
Apr-11
Sep-11
Feb-12
Jul-1
2
Dec-12
May-13
Oct-13
Mar-14
Aug-14
Jan-1
5
Jun-1
5
Nov-15
Apr-16
90.0
95.0
100.0
105.0
110.0
115.0
U.S. Columbus MSA
Inde
x Ja
n 20
10 =
100
Manufacturing employment in the Columbus metro has increased by 12% since 2010, compared to 7% in the U.S.
Source: Bureau of Labor Statistics, Current Employment Statistics, seasonally adjusted
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LOGISTICS EMPLOYMENT
Source: Bureau of Labor Statistics, Current Employment Statistics, seasonally adjusted
Logistics employment in the Columbus metro has increased by 16% since 2010, compared to 13% in the U.S.
Jan-1
0
Jun-1
0
Nov-10
Apr-11
Sep-11
Feb-12
Jul-1
2
Dec-12
May-13
Oct-13
Mar-14
Aug-14
Jan-1
5
Jun-1
5
Nov-15
Apr-16
95.0
100.0
105.0
110.0
115.0
120.0
U.S. Columbus MSA
Inde
x Ja
n 20
10 =
100
#cbus2020
Jan-1
0
Jun-1
0
Nov-10
Apr-11
Sep-11
Feb-12
Jul-1
2
Dec-12
May-13
Oct-13
Mar-14
Aug-14
Jan-1
5
Jun-1
5
Nov-15
Apr-16
100.0
105.0
110.0
115.0
120.0
125.0
130.0U.S. Columbus MSA
Inde
x Ja
n 20
10 =
100
PROFESSIONAL EMPLOYMENT
Source: Bureau of Labor Statistics, Current Employment Statistics, seasonally adjusted
Professional and business services employment in the Columbus metro has increased by 29% since 2010, compared to 12% in the U.S.
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ATTRACTING NEW BUSINESS
23%OF WINS YTD
148PROJECTS IN PIPELINE
27PROJECTS IN PIPELINE WOULD CREATE 200+ JOBS
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RETAINING AND GROWING EXISTING COMPANIES
77%OF WINS YTD
1,479NEW JOBS YTD
$365MINVESTED YTD
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CREATING HIGH-GROWTH COMPANIES
NEW JOBS YTD
INVESTED YTD
A new $22M VC fund revs up in Columbus
Rev1 Ventures backs startups beginning at proof-of-concept.
Rev1 Ventures this morning announced that it has raised $22 million for a new fund focused on seed-stage startups in Columbus, Ohio. Among the investors are local institutions like Ohio State University, Nationwide Mutual Insurance Co., Cardinal Health, Worthington Industries and The Columbus Foundation.
Drive Capital launches second, $300M fund for Midwest startups
Co-founders Mark Kvamme and Chris Olsen, who started the firm in Columbus after leaving Sequoia Partners in Silicon Valley, said their thesis is catching on that the Midwest is fertile territory to build fast-growing tech companies and bet on a billion-dollar breakout.
27COMPANIES FUNDED YTD
$47MIN DIRECT FUNDING YTD
353NEW JOBS YTD ASSOCIATED WITH FUNDED COMPANIES
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CIVIC INFRASTRUCTURE AND COMPETITIVENESS
No. 1 best big city in Midwest
-Money, September 2016
No. 1 small marketfor tech talent-CBRE, July 2016
No. 1 city formid-career professionals
-Forbes, June 2016
No. 1 metro forscaling startups
-Kauffman Index, June 2016
No. 7 state forinfrastructure-CNBC, July 2016
No. 6 state forcapital investment
-EY, August 2016
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Columbus Figures Out How to Make Things Better
Columbus: Best in the Midwest
IN THE NEWS
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Columbus Tech Masters Change the Retail Game
Meet the workforcechallenge
Increase global tradeand investment
Develop competitiveinfrastructure
REGIONAL ECONOMIC COMPETITIVENESS
Generate high-growthopportunities
Increase manufacturingcompetitiveness
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GLOBAL LOGISTICS CAPABILITIES
133%INCREASE IN SCHEDULED FLIGHTS INTO LCK FROM MAY 2015 – MAY 2016
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WINNING THE HIGH-GROWTH GAME
FINTECH ANALYTICS
RETAIL TECH CYBERSECURITY
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ATTRACTING AND LEVERAGING INSTITUTIONAL / CORPORATE R&D
No. 25ON R&D INPUTS COMPOSITE INDEX-MILKEN INSTITUTE, 2014
No. 2FOR INDUSTRY-SPONSORED RESEARCH—$118M IN 2014
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COMPETING TO WIN
3.8MANNUAL WORLDWIDE ELECTRIC VEHICLE SALES
$34.6BMOBILE BIOMETRICS ANNUAL REVENUE
$1.7TGLOBAL SPENDING ON IOT DEVICES
BY 2020...
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