Presentation is loading. Please wait.

Presentation is loading. Please wait.

Source: EMSI (2012-2014), Columbus Chamber 2015. Overall.

Similar presentations


Presentation on theme: "Source: EMSI (2012-2014), Columbus Chamber 2015. Overall."— Presentation transcript:

1 Source: EMSI (2012-2014), Columbus Chamber 2015

2 Overall

3 Business Services Personal Services Expert Services

4 Government Business Services Personal Services Expert Services Manufacturing & Logistics Education & Healthcare

5 Government Business Services Personal Services Expert Services Manufacturing & Logistics Education & Healthcare Retail Hospitality & Leisure

6 Government Business Services Personal Services Expert Services Manufacturing & Logistics Education & Healthcare Retail Hospitality & Leisure Finance & Insurance Constru ction & Real Estate

7 Education & Healthcare Finance & Insurance Hospitality & Leisure Retail Construction & Real Estate Manufacturing & Logistics Government Business Services Personal Services Expert Services

8 Economy Concepts Location Quotient: a fancy term for “important” segments of our economy (based on concentration of a particular industry, compared to that same industry in other parts of the country). – Pay attention to these areas, because that’s where growth will be – especially as we have organizations that work to expand businesses that are here, and recruit new ones to come on. The industries that are highly concentrated here are the ones that get the most attention, and are likely to come here, grow here and stay here. Volume: There are also industries that just employ a ton of people – whether or not they’re really special to the region. For example, lots of people are employed in the hospitality industry, which would include restaurants.

9 Region Highlights: Services (21.91%) We do a lot of business here – we have headquarters of major companies here, like Cardinal Health, JP Morgan Chase, and Nationwide. Those companies employ lots and lots of people, from those who take care of customers – whether on the phone or in person, to those who take care of the buildings. Business Services Personal Services Expert Services Overall, we have a LOT of services companies – business services, expert services, and personal services. But mostly business and expert services. Services account for around 20% of our economy. Inside of that, most of those services are “Professional, Scientific, and Technical” services, or, Expert services. Business Services: Taking care of the buildings, files, customers, offices; Expert Services: Designing solutions, like technology/programming, engineering, lab research, architecture, even marketing. Personal Services: Experts who take care of more personal stuff, like auto repair, salons/barbers, laundry.

10 Region Highlights: Technology (16% of Services) Technology is important to Columbus’ economy. This is the biggest chunk of “Expert Services.” Computer programming and design services employ about 8000 people, which is a big chunk of people compared to other fields that also deliver expert services. Another big area is data – both data for wireless communications (our smart phones) and data for businesses to monitor their business and transactions. This means cybersecurity is a huge deal, too. Recently, we were excited to get a big company called Alliance Data to move here. Big companies here all have huge technology departments to keep their business running – online, and networked across the world! They need people to deal with files, data, data security, and how people see their companies online.

11 Region Highlights: Manufacturing & Logistics (14.65%) We still make things! And we also get them to where they’re going – in the US and across the world. We’re a prime location for making and moving goods because of our proximity to other people, airports, roads and train tracks. Manufacturing and Logistics are important to our economy. Manufacturing & Logistics Making and moving things accounts for about 13% of our economy. Just about half of the companies in that industry make things, and about half move things. Like automotive parts, machinery, metals that make other things, beverages, plastics, and food. About 7000 people are employed by companies that move things. We’ve been excited to land new companies like Lululemon, and did you know Gap, Abercrombie, the Limited, Lane Bryant are here? They all make clothes here, and get them to stores and people around the world. While there are some jobs here for fashion designers and merchandisers, there a lot of jobs for all of the work that needs to get done to actually get the products to customers.

12 Region Highlights: Government (16.37%) Since we’re the capital of Ohio, we have a very high concentration of people working in government agencies and organizations – especially at the State level. People working at the state level could work in agencies such as those dealing with education, transportation, and family services. Government

13 Region Highlights: Health & Education (14.46%) Healthcare fields employ a lot of people in Central Ohio. Healthcare and Education make up about 15% of our economy. Education & Healthcare About 25,000 people work in medical- related offices, anywhere from chiropractic to dentist, with the biggest proportion being in physicians’ offices. About 30,000 people work in hospitals, and 22,000 in nursing care-related organizations. About 25,000 work in social assistance organizations, and 20,000 work in education. Compared to other specific fields by volume, these numbers outweigh many other fields.

14 Retail (10.05%) Retail covers all sorts of stores, from food to clothing, to cars, gas stations, electronics, sporting goods, and stuff for your house. The biggest retail employer here is food and beverage – like Krogers and general merchandise stores like Walmarts. After that, the biggest retail shops are auto dealerships and car parts. Retail

15 Hospitality, Entertainment, Arts (9.91%) This includes restaurants, hotels, hobbies and entertainment. The biggest chunk is made up of restaurants, employing around 80,000 people. About 7000 people work with hotels, and another 7000 people work in organizations related to arts and performance. Hospitality & Leisure

16 Finance & Insurance (5.54%) Finance and insurance are really business and personal services. But they’re big enough businesses that they really deserve their own industry. Finance & Insurance are big here, on their own representing about 6% of our economy. Mostly, this is thanks to large companies like JP Morgan Chase and Nationwide, which employ about 20,000 and 10,000 people, respectively, here in Columbus. Finance & Insurance

17 Construction & Real Estate (5.49%) Thankfully, Columbus’ real estate market never really got hit that hard during the last recession; however, the housing market is still a little bit slow. The construction side of things did get hit a little harder, with fewer new developments during the hard years. Now, development is picking up, and construction companies are finding themselves having to ramp up recruiting. There are definitely jobs in construction, but overall this segment of the industry isn’t a huge portion of our economy. People interested in construction jobs won’t find them online, though. Mostly, it’s word of mouth, and getting in through unions. There’s definitely a demand for plumbers and electricians. Construction & Real Estate

18 Utilities, Agriculture, Mining (0.8%) This is another important, but not a huge area of our economy. Columbus is home to AEP and Columbia gas, two important utilities companies. They employ about 2500 people; these jobs could be inside helping to coordinate the business, or outside, actually working on power or gas lines.

19 Media (0.78%) Another area of our economy is media – or, companies that deal with publishing, broadcasting, libraries, movies, and telecommunications.


Download ppt "Source: EMSI (2012-2014), Columbus Chamber 2015. Overall."

Similar presentations


Ads by Google