Columbus, October 1, 2018 - Columbus finished first in a study done by Forbes for emerging cities for startups due to its college presence, low costs (business and living), increase in VC deals, and the high number of funds launched since 2013. With companies like Nationwide, State Automobile Mutual Insurance and Grange Insurance providing financing to build companies, Columbus has done a better job of retaining post-graduation talent from places like Ohio State. The city offers cheaper business costs than places like California, New York, and Boston which allows more focus for the start up sector. Click here for more information.
Columbus, August 9, 2018 - Central Ohio has been found to be a leader among all major cities in the U.S. for international investment in its industrial real estate. This is attributed in part to two large investment sales in the beginning half of the year, but the pace of international investment continues to grow across big U.S. industrial markets. Columbus has a distribution hub that is attractive to foreign investors due to its central Midwest location and the presence of Rickenbacker International cargo airport that serves foreign hubs located in Asia, Europe, and the Middle East. To read more, click here.
Columbus, September 25, 2018 - As the 14th largest city in the United States in terms of population, Columbus has seen dramatic growth in the past decade in jobs, investment, and infrastructure with more to come. It's unique location with access to 46 percent of the U.S. manufacturing capacity makes it a prime choice for major brand name companies such as Amazon, Victoria Secret, Bath & Body Works, Homage and more. Along with that, Columbus won the coveted national Smart Cities grant which has the capacity to define cities over the next ten years and is home to one of the best emerging downtown neighborhoods. The culmination of these factors promise more positive growth in the future. Click here to read more.
Columbus, July 19, 2018 - Expanded international destinations are being reached with Rickenbacker International Airport’s recent addition of AirBridgeCargo, which has expanded routes and destinations worldwide- offering more extensive service for businesses. While growth in international cargo increased by 65 % in 2017, the growth in total cargo at Rickenbacker is expected to increase more than 900 % over the next 20 years largely due to the speed which cargo is moved on the ground, which gets product to market faster. Besides speed, Rickenbacker also provides economic benefits to companies importing goods in the U.S. due to its U.S. Foreign-Trade Zone 138. Click here to read more.
Columbus, May 30, 2018 - In 2010, Columbus 2020 set a goal to add 150,000 jobs to the regional economy by 2020. This year, not only has Columbus reached that goal, but they have surpassed it at 159,000 jobs. The Columbus metro area currently ranks 13th for new jobs since 2010 among 35 metro areas that have 1 million to 3 million inhabitants. Kenny McDonald, Columbus 2020’s chief economic officer, says it took a lot of leadership to set the goal in 2010, a period of time in which Columbus was coming out of the worst recession since the Great Depression. To read the entire article, click here.
Columbus, May 25, 2018 - The Columbus city proper grew by a total of 15,426 people between 2016 and 2017, bringing the population up to an estimated 879,170. Columbus, with a 1.79% year-over-year population increase, is the fourth fastest percentage of change city in the U.S., only behind Seattle, Fort Worth, and Charlotte. Bill LaFayette, a local economist and founder of Regionomics LLC, says it is a good sign for the health of the region that Columbus and the rest of Franklin County are growing. However, because Columbus is grower denser by the day, it is becoming increasingly harder to regulate the flow of traffic and keep the cost of housing down. Click here to read more.
Columbus, June 20, 2018 - Three out-of-town companies, Meritex, Clayco Inc., and Welty Building Co., are expanding their businesses in Columbus. The key reasons they chose Columbus include believing it is the right time to expand here, because it is a robust city, and because it has continually been on everyone’s radar. Click here to read more.
Columbus, April 18, 2018 - Municipal leaders all over the U.S. have been creating new ways to make core areas more attractive and livable because of the desire of many millennials to live in or near the downtown area. Many people wish to live in the area in which they make a living, so because of this, Columbus has initiated projects all over the city to adjust to its every growing popularity. The Discovery District is one of those. Pricing in at $173 million, the neighborhood offers multifamily developments, retail, and office spaces all amongst local cultural attractions such as the Topiary Park and the Columbus Museum of Art. This creation compliments the transformation of the Scioto River, which is giving the downtown area a new park-like atmosphere. Click here to read more.
Columbus, April 2, 2018 - Russia-based airline AirBridgeCargo (aka ABC) became the fifth international air cargo freighter operator at Rickenbacker International Airport. Rickenbacker has become a fast growing shipping hub, up 22.5 % for the first two months of 2018, on top of a 27% increase in 2017. Sergey Lazarev, general director for AirBridge, says one of the key factors they chose Rickenbacker was because of its proximity to distribution centers of various companies, including fashion and apparel industries. To read the full article, click here.
Record year for Central Ohio’s industrial sector powering economic growth – and there’s more to come
Columbus, March 29, 2018 - Last year, Central Ohio was one of the fastest-growing markets for industrial real estate in the nation with a sharp uptick in deals. This not only helps the real estate market, but also provides jobs and redefines neighborhoods. There is anticipated continued growth for Columbus as a distribution hub, with eCommerce and third-party logistics driving the momentum. The outlook for the industrial market is bright with nearly 3 million square feet of new warehouses under construction, which is the most in a decade. Click here to read more.