Columbus Economy - News & Updates
- January 11, 2013 5:29 pm at 5:29 pm #529493
bjones7ParticipantJanuary 11, 2013 7:25 pm at 7:25 pm #529494
So essentially you’re arguing that Columbus has an inherently strong economy that attracts people from other cities. So Columbus is like every other city with a strong economy. Texas has strong economies, and all those cities attract people. This is a natural function of economics regardless of the conditions of neighboring cities.
But you seem to be missing one big point. The people who are moving to Columbus are moving from cities that are struggling. However the people who are moving to Austin are doing so from cities that aren’t struggling. For example Austin gains people from Columbus. If Columbus’ economy isn’t bad then the people must be leaving for another reason.
Other cities have used the growth that they were getting from jobs to transform their cities into more desirable places. We should be focused on doing the same. How do we make the city attractive beyond jobs and affordable housing. And I’m not saying were not doing it at all but it needs to be a bigger focus.January 11, 2013 7:40 pm at 7:40 pm #529495
(to the extent that they really are struggling … Cleveland in particular is doing pretty well)
What led you to that conclusion?? Cleveland is doing horrible and losing population.January 11, 2013 8:13 pm at 8:13 pm #529496
But that is the primary reason. People aren’t living in Cincinnati or Cleveland and saying “man I need to move to Columbus because its so cool”. They’re moving to find a job, any job.
Honestly, I think the emphasis you put on the sheer number of new residents the “cool” cities attract is misplaced. I think the “job-based” growth Columbus sees in the long run does much more for sustainably growing our city.
I grew up in a dying rust-belt town (Springfield) and I new a lot of people who fled for greener pastures elsewhere. It always seemed crazy to me to pack up and move cross-country on the basis of moving to a cool city, so I moved to Columbus for practical reasons (work). I was always somewhat jealous of those that moved to Cool places like Portland and Austin.
However, a decade later it is amazing how many of those people returned to Ohio after languishing for a few years in low level service or retail jobs. The fact is the job market in those places is incredibly competitive, so it is extremely difficult to hack it long term.
So maybe the so-called cool cities attract more transplants on a net basis year-in year-out, but how long do they stay? Do they put down roots, start careers, buy homes, send kids to school, and otherwise truly join and grow the community? I would love to see some sort of retention rate statistic showing how long new residents stay in various cities. In other words, if someone moves to Columbus, Denver, Portland, or wherever, how likely are they to still be living there in 5 years, 10 years, etc.? I think Columbus-style growth means we gain AND keep residents more than a lot of other cities. (Obviously, I have no empirical data to support this, it is just my theory based on my personal anecdotal experience, so ymmv).February 10, 2013 2:26 am at 2:26 am #529497
Business Outlook 2013: The Economy
Posted: Wednesday, February 6, 2013
By Kitty McConnell
Uncertainty is the one sure forecast for the economy in 2013. Major federal decisions continue to loom large, leaving investors and businesses to watch and wait while Washington negotiates federal spending, tax cuts and new health-care regulations.
READ MORE: http://www.columbusceo.com/features/article_a86481d6-70a5-11e2-85ce-0019bb30f31a.htmlFebruary 15, 2013 9:05 pm at 9:05 pm #529498
4Q stumble doesn’t derail Central Ohio job growth for 2012
Staff reporter-Business First
Employment in the Columbus region fell by 5,200 jobs in the fourth quarter of 2012 but the total of Central Ohioans on the job grew by 16,200 for the year , says the latest quarterly economic report from Columbus 2020.
READ MORE: http://www.bizjournals.com/columbus/news/2013/02/14/4q-stumble-doesnt-derail-central-ohio.htmlMarch 9, 2013 1:27 pm at 1:27 pm #529499
New Economic Numbers Show Columbus Celebrating ‘Renaissance’
Friday March 8, 2013 4:28 PM
New numbers back that up. The index of leading economic indicators shows central Ohio way above the other metro areas. Columbus is up nearly 18,000 jobs in the last year. The unemployment rate is 5.4 percent, well below the 7 percent state average.
READ MORE: http://www.10tv.com/content/stories/2013/03/08/columbus-economy-donuts-indicator.htmlMarch 29, 2013 2:33 pm at 2:33 pm #529500
Columbus economy slips 10 spots in On Numbers report
Mar 29, 2013, 7:28am EDT
Columbus fell to 14th in a March ranking of cities by economic vitality, after holding down the No. 4 spot for three straight months. The On Numbers Economic Index tracks 102 major markets with populations of more than 500,000 in a monthly report for Columbus Business First parent American City Business Journals Inc. It measures 18 factors, including private-sector job growth, unemployment and housing price appreciation.
READ MORE: http://www.bizjournals.com/columbus/morning_call/2013/03/columbus-economy-down-to-14th-in-on.htmlMay 22, 2013 2:43 pm at 2:43 pm #529501
Small businesses name Columbus one of the most supportive U.S. cities
Announcements — By Melanie McIntyre on May 13, 2013 at 8:00 am
Small businesses give Columbus high marks when rating the most supportive cities in the country, according to the results of a recent survey. In fact, Columbus earned an “A” in several categories of the Thumbtack.com Small Business Friendliness Survey, including overall small business friendliness (placing it ahead of both Cleveland and Cincinnati) and overall regulatory systems.
READ MORE: http://www.themetropreneur.com/columbus/small-businesses-name-columbus-one-of-the-most-supportive-u-s-cities/June 21, 2013 12:37 pm at 12:37 pm #529502
Columbus tumbles to No. 43 in economic ranking
Web coordinator-Business First
Columbus continued its slide in a ranking of cities by economic vitality. Columbus ranked No. 43 in June, down from 14th in March and 36th in April, the third-biggest drop among all 102 major markets analyzed over the period. Cape Coral-Fort Myers, Fla., and Chattanooga, Tenn., fell further.
READ MORE: http://www.bizjournals.com/columbus/morning_call/2013/06/columbus-tumbles-to-no-43-in-economic.htmlJune 21, 2013 1:59 pm at 1:59 pm #529503
Wow number 4 to number 43. Yikes.June 21, 2013 2:19 pm at 2:19 pm #529504
The methodology link on the biz site isn’t working, so it’s a little hard to evluate the merits of the ranking.June 21, 2013 2:32 pm at 2:32 pm #529505
I blame the 7-11’s closing.June 21, 2013 3:13 pm at 3:13 pm #529506
The methodology link on the biz site isn’t working, so it’s a little hard to evluate the merits of the ranking.
Any methodology that shows vast swings in rankings from month to month seems at best of marginal use.June 21, 2013 3:18 pm at 3:18 pm #529507
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