Columbus, February 20, 2018 - Chris Olsen, founder of Drive Capital, risked it all with his partner Mark Kvamme when they moved from Silicon Valley to Columbus, Ohio to start their business. Olsen says he did it because the Midwest is one of the biggest overlooked investment opportunities in the U.S. The Midwest has grown in two ways- one in the amount of investment opportunities, and secondly the mix of “true technology companies” has increased. Click here to read more.
Columbus, February 18, 2018 - The Midwest is buzzing, and according to the 2017 VentureOhio Report, more VC funding is currently flowing through Ohio than at any point in the state’s history. This has been driven by a national VC industry that’s hit a record high, the biggest since the dot-com era. Columbus by itself has been a popular point of interest due to its powerful research organizations, its continued expansion of startups, and its ability to offer low operating costs to businesses of all kinds. Click here to read more.
Columbus, October 14, 2017 - ‘Test Market’ shopping has become a new experiment in the Ohio shopping industry because of the recent decline of customers at established companies. With more retailers closing their doors, such as Toys “R” Us and Payless ShoeSource, Ohio is fighting in the social media era of marketing to bring consumers back into their stores. To read the full article, click here.
Columbus overtakes Indianapolis to become country’s 14th largest city, with several suburbs growing quickly as well
By Laura Newpoff • May 25, 2017 Columbus' population has grown to 860,090, making it the 14th largest city in the country and the second biggest in the Midwest after Chicago, according to new Census estimates released Thursday. Columbus' population was 850,106 in 2015; that's about 1 percent growth for 2016. Ohio's capital city passed Indianapolis(855,164) to move up to the 14th spot. Columbus remains Ohio's largest city, well ahead of Cleveland (No. 51 with a population of 385,809) and Cincinnati (No. 65 at 298,800). Cleveland.com has a searchable database where you can find population estimates from the U.S. Census Bureau for every city for 2016. You can find that here. As we reported in March, the Columbus region is the population growth king of Ohio ( based on the entire metropolitan area). In fact, it wasn't just Columbus, which has grown 9.3 percent since the last census in 2010. According to [...]
By Laura Newpoff • Feb 1, 2017 It’s cheaper to live in Columbus than in Cincinnati and Cleveland and, really, a lot of other places across the U.S. The Council for Community and Economic Research has published its latest Cost of Living Index based on data from the first three quarters of 2016. Of the 264 urban areas included in the report, Columbus is well down the list of most-expensive cities at No. 195. With an index score of 90, the composite cost in Columbus for grocery items, housing, utilities, transportation, health care and miscellaneous goods and services is 10 percent below the national average. New York (Manhattan) is the most expensive place to live in the country – 128.2 percent above the national average. McAllen, Texas is the cheapest at 23.6 percent below. You can see how Columbus fared for cost of living a few years ago by clicking here [...]
By Evan Weese • Feb 10, 2017 Central Ohio’s industrial real estate market is red-hot. Brokers and research analysts are pointing to a record 2016 as proof and labeling the Columbus region among top markets to watch. The rapid growth of e-commerce, including investment in two fulfillment centers by Amazon.com Inc., is spurring absorption and rental rates while driving down vacancies, say reports from the research arms of brokers doing business in the area. CBRE Group Inc. says Central Ohio is among the nation’s 10 most-active markets for warehouses of 1 million square feet or larger – three so-called megawarehouses were built in the area between 2010 and 2016, placing it ahead of rival markets Cincinnati and Indianapolis. Meanwhile, Colliers International Group Inc. has named the region among 10 emerging U.S. industrial markets, citing its ample developable land and position at the crossroads of Interstates 70 and 71 [...]
By Evan Weese • March 1, 2017 The Columbus region, and Ohio as a whole, are being recognized among the country’s top locations for corporate investment. Site Selection magazine has released its closely watched annual report tracking new and expanded business facilities, ranking the Columbus region No. 8 among metro areas, and Ohio No. 2 among states. It's the fifth year in a row that Columbus made the top 10, based on the number of corporate projects in 2016. “The Columbus region’s continued presence on this list is a testament to the hard work that our community does to grow and attract companies,” Kenny McDonald, president and chief economic officer of Columbus 2020, said in a press release. Site Selection counted 87 projects in Central Ohio that met one of the list’s three criteria: Involves a capital investment of at least $1 million, creates at least 20 new jobs, or adds [...]
By Sonari Glinton • Sep 20, 2016 Much of the anger and anxiety in the 2016 election are fueled by the sense that economic opportunity is slipping away for many Americans. This week, as part of NPR's collaborative project with member stations, A Nation Engaged, we're asking the question: What can be done to create economic opportunity for more Americans? Columbus has become a nearly recession-proof hub of Ohio. Ohio State University, state and local government, insurance and retail are the central spokes of the city's economy, which at a glance looks remarkable. "In a service economy Columbus was destined to do better, much better than places with smokestack industry," says David Stebenne, a professor of history and law at Ohio State. Columbus has a set of built-in advantages, including a countercyclical set of employers — insurance, government and the university. "Even in bad times insurance is insurance," he [...]
If you think Ohio's a flyover state, its hip capital city might change your mind. Find out what makes Columbus a city to watch—and visit. By Andrew Nelson National Geographic - PUBLISHED June 21, 2016 Pity the wandering hipster. There are so few frontiers left to explore, at least in the United States. Brooklyn’s too rich. Portland’s overly Instagrammed—with New Orleans and Oakland headed that way—and Austin’s not so weird anymore (McDonald's and Bud Light were sponsors at this year's South by Southwest festival). So which up-and-coming American city can now lay claim to the millennial mantle? I say it's Columbus, Ohio. The Buckeye State’s capital—affordable, bustling, and young, with a big chunk of its population squarely under 40—is seeing an uptick in interest as a destination for the nation’s hipster elite, whether it's to live or explore over a long weekend. For some locals, like Jim Kaniaris [...]
By Marla Matzer Rose The Columbus Dispatch • Wednesday March 2, 2016 7:00 AM The Columbus region has broken into the top five for the first time in an annual ranking of U.S. metro areas that attracted the greatest number of new and expanded corporate facilities. For 2015, Columbus ranked fifth - up two spots from 2014 - behind only Chicago, Houston, Dallas and Cincinnati among metro areas with a population of 1 million or more. Among states on Site Selection magazine's Governor's Cup rankings, Ohio maintained its strong showing of the last several years, ranking second to Texas. Ohio had a total of 517 projects last year, compared with Texas' 702. Ohio has come in second behind Texas for the past several years. Site Selection's rankings were released as JobsOhio, the state's privatized economic-development agency, released its annual report boasting of a record 23,602 new jobs and $6.7 billion [...]