Kenny McDonald, president and chief economic officer of Columbus 2020, shares the latest economic progress in the Columbus Region and provides context with national and global trends.
2. At just the right moment,
I light the match.”
-Mia Hamm
“I am building a fire,
and every day I train,
I add more fuel.
3. 10-YEAR GOALS
CAPITAL INVESTMENTNET NEW JOBS PER CAPITA INCOME
Goal: 150,000
Pace: 187,797
Goal: $8B
Pace: $11.69B
Goal: 30%
Pace: 46%
Current: 111,113 Current: $7.11B Current: 17%
4. NET JOB GROWTH, 2010-2015
METRO JOBS
Denver 188,700
Austin 177,800
Nashville 149,300
Columbus 118,900
Indianapolis 106,700
Kansas City 80,900
Cincinnati 80,500
St. Louis 72,300
Louisville 63,800
Richmond 61,100
Cleveland 58,200
Pittsburgh 47,600
Source: Bureau of Labor Statistics
5. NET JOB GROWTH, 2010-2015
The Columbus
metro ranks No. 17
among the country’s
50 largest metros in
private sector job
growth percentage
from 2010 to 2015
Columbus
+15.8%
San Jose
+22.7%
Denver
+18.6%
Nashville
+22.9%
6. SCORING TECH TALENT
“The Columbus Region stands out, with a greater number of tech degrees
completed than in major markets like Philadelphia or Dallas/Ft. Worth.”
1 Silicon Valley 4.32
2 Seattle 2.66
3 Washington, D.C. 2.52
4 San Francisco 2.25
5 San Francisco peninsula 2.25
6 Austin 2.24
7 Raleigh-Durham 2.01
Concentration of tech talent
(location quotient relative to U.S.)
8 Boston 1.96
9 Denver 1.59
10 Baltimore 1.56
11 Edison (NJ) 1.48
12 San Diego 1.46
13 Oakland 1.44
14 Columbus 1.42
15 Dallas/Ft. Worth 1.41
7. TOP 10 METROS
FOR NEW AND EXPANDED FACILITIES
1. Houston
2. Chicago
3. Dallas-Fort Worth
4. Atlanta
5. Detroit
6. Pittsburgh
7. Philadelphia
8. Cincinnati
9. Kansas City
10. Columbus
1. Chicago
2. Houston
3. Dallas-Fort Worth
4. Atlanta
5. Detroit
6. Cincinnati
7. Kansas City
8. Columbus
9. Philadelphia
10. New York-Newark-
Jersey City
1. Chicago
2. Houston
3. Cincinnati
4. Atlanta
5. Dallas-Fort Worth
6. New York-Newark-
Jersey City
7. Columbus
8. Detroit
9. Louisville
10. Kansas City
1. Chicago
2. Houston
3. Dallas-Fort Worth
4. Cincinnati
5. Columbus
6. Detroit
7. Louisville
8. Atlanta
9. Charlotte
10. Kansas City
2012 2013 2014 2015
10. 0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
$million
U.S. NET FDI, 1980-2015
Source: Bureau of Economic Analysis
Note: Net FDI equals greenfield investment, expansions and acquisitions minus closures, reductions and dispositions back to domestic ownership.
Through 3 quarters of 2015, the U.S.
reached record levels of FDI ($322bn)
Slide 13 data is:
• Difference between annual averages (2010 average versus 2015 average)
• Private sector jobs
The 111k on slide 14 is:
• Employment (‘employed persons’)
• From Jan 2010 to Dec 2015. We seasonally adjust these numbers in-house since BLS doesn’t do seasonal adjustments at a metro level.