POWER BREAKFASTFEBRUARY 18, 2016
STOCK MARKETVOLATILEWORLDWIDE
PLUNGING OIL PRICES
LOW UNEMPLOYMENTSKILLS DEFICIT
79 MONTHS OFECONOMIC EXPANSION
BOOMERS RETIRINGMILLENNIALS SURGING
CAPITAL INVESTMENTNET NEW JOBS PER CAPITA INCOME
Goal: 150,000Pace: 187,797
Goal: $8BPace: $11.69B
Goal: 30%Pace: 46%
Current: 111,113 Current: $7.11B Current: 17%
COLUMBUS 2020:A REGIONAL GROWTH STRATEGY
2014–2015 RECAP
216 PROJECTANNOUNCEMENTS
151 EXPANSIONS65 ATTRACTIONS
$3.26BINVESTED
14,000+NEW JOBS
$50KAVERAGE JOBCREATED/RETAINED
BUSINESS MISSIONS125+
2016: STARTING STRONG
ACTIVE150 50 FOREIGN-OWNEDCOMPANIESPROJECTS
%
MANUFACTURING, IT, E-COMMERCEALL STRONG
FASTEST JOB GROWTH IN THE MIDWEST15.7%
15.2%
14.3%
12.6%
11.7%
10.3%
9.4%
8.7%
7.6%
6.4%
6.3%
5.1%
DetroitIndianapolis
Louisville
MinneapolisCincinnati
Kansas City
ChicagoCleveland
Pittsburgh
MilwaukeeSt. Louis
Columbus
4.6%4.2%4.2%
2.9%2.6%
1.5%1.0%
0.9%0.6%
0.1%0.0%
-0.6%
FASTEST POPULATION GROWTH IN THE MIDWEST
MinneapolisIndianapolis
Kansas City
LouisvilleCincinnati
Milwaukee
ChicagoSt. Louis
Detroit
PittsburghCleveland
Columbus
TOP 10 IN THE U.S. FOR POPULATION AGE 25-34
Salt Lake CitySan Diego
Seattle
DenverSan Francisco
Washington, D.C.
ColumbusLos Angeles
Virginia Beach
Austin
15.1%
15.2%
15.2% 15.5%
15.7%
15.9%
16.0%
16.1%
16.3%
17.5%
Only 7% of counties in the U.S. (214 of 3,069) have recovered to prerecession levels of total employment, unemployment rate, size of the economy, and home values.
RECOVERY BEYOND THE RECESSION
Seven of these counties are in the Columbus Region.
It is not necessary to change.Survival is not mandatory. -W. Edwards Deming
“ ”
MEETING THE WORKFORCE CHALLENGE
INCREASING GLOBAL TRADE AND INVESTMENT
DEVELOPING COMPETITIVE INFRASTRUCTURE
ACCELERATING HIGH-GROWTH OPPORTUNITIES
INCREASING MANUFACTURING COMPETITIVENESS
High expectations are the key to everything.
-Sam Walton“ ”
THANK YOU
COLUMBUSREGION.COM
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