THE DIVERSE AND GROWING COLUMBUS REGION
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- Dominick McDonald
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1 ECONOMIC SECTORS
2 THE DIVERSE AND GROWING COLUMBUS REGION The Columbus Region is a thriving 11-county area in Central Ohio. It s home to two million people and it s one of the fastest growing metropolitan areas in the Midwest. Sectors that are driving significant economic activity in the Columbus Region include manufacturing, logistics, science and technology, headquarters and business services, agbioscience, and international business. Read on to learn more.
3 Headquarters & Business Services $41.8B ANNUAL ECONOMIC OUTPUT BY FINANCIAL AND OTHER BUSINESS SERVICES HOME TO 15 FORTUNE 1000 HEADQUARTERS INCLUDING FIVE FORTUNE 500 HEADQUARTERS JPMorgan Chase & Co. Financial services 20,475 Nationwide Mutual Insurance and financial services 11,100 Insurance Company L Brands, Inc. Women s apparel, 7,800 personal care products Huntington Bancshares Financial services 5,052 Incorporated Cardinal Health, Inc. Medical products and services 4,095 American Electric Power Investor-owned electric utility 3,365 Abercrombie & Fitch Co. Specialty retailer 2,650 Express Scripts Pharmacy benefits management 2,441 Holding Company State Farm Mutual Insurance and financial services 1,950 Automobile Insurance Company Discover Financial Services Financial services 1, PERCENT OF THE REGION S POPULATION AGE 25 OR OLDER HOLDS AN ASSOCIATE DEGREE OR HIGHER MORE THAN 8,300 ARE EMPLOYED BY APPAREL COMPANIES HEADQUARTERED IN THE COLUMBUS REGION. THAT S AN 800% HIGHER CONCENTRATION THAN THE NATIONAL AVERAGE AND 450% HIGHER THAN NYC OR LA No. 3 ERNST & YOUNG AND KPMG RANK OHIO NO. 3 IN TAX COMPETITIVENESS THE WORLD S TOP 7 MOST INTELLIGENT COMMUNITIES THE COLUMBUS REGION HAS BEEN NAMED ONE OF THE WORLD S TOP 7 MOST INTELLIGENT COMMUNITIES FOR TWO YEARS RUNNING 2 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 3
4 logistics #1 4,100+ LOGISTICS AND DISTRIBUTION OPERATIONS RANKED NO. 1 MOST FAVORABLE BUSINESS LOCATION WITH ACCESSIBILITY TO THE AMERICAN MARKET No inventory or personal property tax Defense Supply Center Defense logistics, 2,900 weapons system supply Exel Inc. Contract logistics provider 2,190 United Parcel Service, Inc. Package delivery, global specialized 1,623 transportation and logistics services Wal-Mart Stores, Inc. Retail distribution 920 Midwest Express Group Third-party logistics services 760 FedEx Corporation Package delivery, global specialized 700 transportation and logistics services Kimball Midwest, Inc. Products and services for 700 maintenance and repair operations Target Brands, Inc. Retail distribution 600 Access Drywall Supply Full-service drywall warehouse 450 and distribution Pacer International, Inc. Transportation and logistics services ,000 MORE THAN 75,000 EMPLOYEES ARE EMPLOYED IN THE LOGISTICS INDUSTRY WITHIN THE COLUMBUS REGION THE REGION OFFERS A COMPREHENSIVE LOGISTICS AND SUPPLY CHAIN EDUCATION NETWORK FROM HIGH SCHOOL TO PH.D. The Columbus Region Logistics Council is one of the largest locally led industry associations dedicated to the ongoing competitiveness of the logistics industry World-class multi-modal infrastructure including four intermodal facilities served by mainline, double-stacked rail (CSX and Norfolk Southern) Rickenbacker Inland Port is home to Foreign Trade Zone #138 and the nation s largest cargo-dedicated airport, with scheduled service to Europe and Asia 4 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 5
5 science & technology 36,000+ MORE THAN 36,000 PEOPLE ARE EMPLOYED IN THOUSANDS OF SCIENCE AND TECHNOLOGY ESTABLISHMENTS $934M 3 THE OHIO STATE UNIVERSITY RESEARCH EXPENDITURES TOTALED NEARLY $934 MILLION IN 2012 RANKED 3rd BEST CITY FOR TECH JOBS BY FORBES MAGAZINE Alliance Data Retail Systems Marketing, credit and 2,374 transaction solutions Battelle Independent nonprofit research 2,194 and development Abbott Nutrition Nutritional/pharmaceutical products 2,055 Chemical Abstracts Service Chemical information databases 1,400 Ashland Inc. Specialty chemical products 900 and services OCLC Nonprofit computer library service 722 and research IBM Applications and integrations 671 solutions Information Control Corporation IT services provider 436 Transportation Research Independent automotive research, 400 Center Inc. development and testing solutions Nestle USA Food and beverage product 330 technology 59,580 PEOPLE EMPLOYED IN SCIENCE AND TECHNOLOGY OCCUPATIONS IN THE MSA $71,522 THE AVERAGE SALARY WITHIN THIS SECTOR Battelle THE WORLD S LEADING PRIVATE RESEARCH INSTITUTION The Ohio State University ACTIVELY ENGAGED IN MORE THAN 340 INDUSTRY PARTNERSHIPS WITH OHIO COMPANIES The Research Institute at Nationwide Children s Hospital ONE OF THE NATION S LARGEST AND FASTEST-GROWING PEDIATRIC RESEARCH CENTERS Access to the Ohio Third Frontier program, a $2.1 billion initiative that provides funding to technology companies, universities, research institutions and other organizations. 6 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 7
6 manufacturing $10B 31% NEARLY 1,800 MANUFACTURERS CONTRIBUTE $10 BILLION TO REGIONAL ECONOMIC OUTPUT MANUFACTURERS IN THE REGION EXPERIENCED 31 PERCENT INCREASE IN PRODUCTIVITY FROM 2001 TO 2012 Honda of America Mfg., Inc. Automobiles, engines, research 9,433 and development Whirlpool Corporation Home appliances 2,344 TS TECH Co., Ltd. Automotive interior parts 2,078 Abbott Nutrition Nutritional/pharmaceutical products 2,055 Emerson Network Power Power and environmental 1,720 control systems Worthington Industries, Inc. Steel processing, pressure cylinder 1,366 products, metal framing and steel pallets Boehringer Ingelheim Pharmaceuticals 1,250 Roxane Laboratories EveryWare Global, Inc. Glass tabletop and bakeware 1,250 Rolls-Royce Energy Systems Power systems for use on land, 1,146 sea and air Owens Corning Industrial and automotive insulation 1,011 80,000 MORE THAN 80,000 PEOPLE ARE EMPLOYED IN THE MANUFACTURING SECTOR 20% MANUFACTURING REPRESENTS MORE THAN 20 PERCENT OF EMPLOYMENT IN FIVE OF THE REGION S 11 COUNTIES $119,759 OUTPUT PER WORKER IN FABRICATED METAL MANUFACTURING OF $119,759 IS 22 PERCENT HIGHER THAN THE NATIONAL AVERAGE Educational institutions with manufacturing-specific programs include The Ohio State University, Central Ohio Technical College, Columbus State Community College, Ohio University-Lancaster and six vocational and technical schools No tax on machinery and equipment, no inventory tax, no state income tax Access to world-class industry resources including: Manufacturing technologies leader EWI The Ohio Manufacturing Institute at The Ohio State University Four intermodal logistics operations to receive and distribute manufactured goods 8 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 9
7 agbioscience THERE ARE MORE THAN 1,600 BUSINESSES AND 10,000 UNINCORPORATED FARMS IN CENTRAL OHIO $17.7B $74,491 $74,491 $67,525 AGBIOSCIENCE ACCOUNTS FOR $17.7 BILLION IN ECONOMIC OUTPUT, 11 PERCENT OF THE REGIONAL ECONOMY VALUE-ADDED OUTPUT PER EMPLOYEE IS $74,491, COMPARED TO THE NATIONAL AVERAGE OF $67,525 Battelle Nonprofit research and development 2,194 Abbott Nutrition Nutritional products, medical 2,055 products and pharmaceuticals Boehringer Ingelheim Pharmaceutical manufacturing 1,250 Roxane Laboratories The Scotts Miracle-Gro Consumer lawn and garden products, 1,190 Company professional horticulture products Ashland Inc. Specialty chemical products, 900 services and solutions DuPont Films used in photovoltaics 570 Anheuser-Busch InBev Beer manufacturing, 486 packing and shipping Nestle USA Research and development for nutrition, 330 health and wellness products ConAgra Foods, Inc. Snack food manufacturer 294 Select Sires, Inc. Livestock genetics ,530 PEOPLE ARE EMPLOYED IN THE AGBIOSCIENCE SECTOR THE COLUMBUS REGION HAS SEEN DRAMATIC GROWTH IN AGRICULTURAL AND FOOD SCIENCE TECHNICIANS AND SCIENTISTS The Ohio State University s Ohio Agricultural Research and Development Center is home to researchers of every department touching on agriculture, with focus areas of advanced bioenergy and bio-based products, environmental quality and sustainability, and food security, production and human health MORE THAN 95 PERCENT OF ALL AGBIOSCIENCE RESEARCH IN OHIO IS CONDUCTED AT THE OHIO STATE UNIVERSITY Battelle is a leading technology and service provider to the agrochemical and food industry, with services in agrochemical product development, animal health product development, and food quality and safety 10 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 11
8 international Business ,000+ MORE THAN 450 FOREIGN-OWNED BUSINESSES EMPLOY 54,000 PEOPLE WITHIN THE COLUMBUS REGION. JAPAN, THE UNITED KINGDOM AND CANADA ARE THE LARGEST FOREIGN INVESTORS IN THE REGION Honda of America Mfg., Inc. Automobiles, engines, research 9,433 and development Exel Inc. Contract logistics provider 2,190 TS TECH Co., Ltd. Automotive interior parts 2,078 Teleperformance Outsourcing call center 1,682 Midwest Express Group Third-party logistics service 1,183 Boehringer Ingelheim Pharmaceuticals 1,250 Roxane Laboratories Rolls-Royce Energy Systems Power systems for use on land, 1,146 sea and air Mettler-Toledo International Inc. Precision instruments manufacturer 800 and distributor Cardington Yutaka Automotive parts, exhaust systems, 725 Technologies, Inc. torque and catalytic converters Stanley Electric U.S. Co. Automotive lighting design, 605 construction, maintenance, production and assembly 7% ALMOST 7 PERCENT OF THE COLUMBUS METRO AREA POPULATION IS FOREIGN BORN 6,000 THE OHIO STATE UNIVERSITY HAS OVER 6,000 ENROLLED FOREIGN STUDENTS LANGUAGES ARE SPOKEN THROUGHOUT SCHOOLS IN THE COLUMBUS REGION Ernst & Young and KPMG rank Ohio No. 3 in tax competitiveness A strong network of professional service providers that specialize in assisting international companies Sites and buildings are available in Foreign Trade Zone #138 for value-added export operations 12 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 13
9 DYNAMIC INDUSTRIES FASHION AND APPAREL The Columbus Region is home to the headquarters of leading fashion brands including The Limited, Victoria s Secret, Express and Abercrombie & Fitch, just to name a few. Columbus is also the No. 3 U.S. metro for fashion designers, behind only New York City and Los Angeles. PERSONAL CARE AND BEAUTY To decrease costs and production time, several companies came together to form the International Beauty Campus. Dubbed the Silicon Valley of the beauty industry, the campus houses specialized packaging companies and personal care manufacturers, offering proximity advantages that reduce costs of logistics and materials. FOOD AND NUTRACEUTICALS Ohio ranks among the top five U.S. producers of bakery, dairy, snacks, spices, soft drinks, beer, wine and spirits, and within the Columbus Region there are more than 170 food and beverage manufacturing establishments with more than 10,000 employees. Employers note proximity to a high concentration of food businesses and farms as major advantages. MEDICAL DEVICES Dozens of medical device companies operate in the Columbus Region, generating innovative products being used in hospitals across the country and around the world. Ohio hosts nearly 17% of all clinical trials conducted in the U.S. and the state is also home to more than 600 medical and testing labs and more than 600 medical device and equipment manufacturers. DATA ANALYTICS The Columbus Region data analytics landscape encompasses dozens of firms across multiple industries. Global leader IBM operates the first-of-itskind Analytics Solutions Lab from the Columbus Region, and seven companies have come together to found the multi-million dollar Columbus Collaboratory, an advanced technology company that will build deep expertise in advanced analytics and cyber security. AUTOMOTIVE In addition to being the home of Honda and hundreds of its suppliers, the Columbus Region boasts the Transportation Research Center, a world-leading provider of vehicular testing services and R&D, and The Ohio State University s Center for Automotive Research, which is refining technology for electric cars, lightweight structures and materials. The Sports Pavilion and Automotive Research Complex will include a half-mile race track and an innovation center for automotive design. ENERGY Ohio has found itself at the center of the booming shale energy industry, generating heightened logistics, manufacturing and engineering activity in the Columbus Region. Central Ohio is also the headquarters home of two of the country s major utility providers, American Electric Power and Columbia Gas. FINANCE AND INSURANCE The Columbus Region is a finance and insurance powerhouse. Insurance companies employ nearly 27,000 people in the Columbus Region, while the financial services industry generates more than $23 billion in economic output. Columbus is home to the headquarters of Huntington, Nationwide and others, and JPMorgan & Chase alone employs more than 20,000 in the Region. INFORMATION TECHNOLOGY Named the Most Favorable Metro for IT Staffing Potential and home to more than 2,000 science and technology establishments, the Columbus Region is emerging as a magnet for IT operations and talent. New Geography noted that the critical fuel for tech growth, educated labor, is now expanding faster in places like Columbus than in Boston, San Jose and San Francisco. RETAIL AND E-COMMERCE The Columbus Region is a favorite location for e-commerce and distribution operations, as evidenced the recent locations of expanding companies like zulily, Gwynnie Bee and lululemon. And the retail innovation ecosystem is strong, anchored by major employers and an impressive roster of service providers that specialize in information technology, sales and marketing, design, packaging and more. 14 COLUMBUS REGION ECONOMIC SECTORS COLUMBUS REGION ECONOMIC SECTORS 15
10 The Columbus Region is known for its uncommonly talented and educated workforce. The youthful, progressive nature that 140,000 college students bring to the area is matched by the stability of a highly diverse economic base. With no single industry representing more than 18 percent of overall employment, the Columbus Region offers a secure environment for growth.
11 150 S. FRONT ST. SUITE 200 COLUMBUS, OH columbusregion.com
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