March 12, 20187 yr VCs have discovered the Midwest https://www.yahoo.com/tech/vcs-discovered-midwest-153615732.html
March 12, 20187 yr But will Midwestern cities actually add the amenities that will attract the employees that tech companies need? As long Midwestern cities just sell themselves as "a cheap place to do business" they aren't going to attract the industries, like tech, that tend to cluster around places where there are more amenities.
March 13, 20187 yr ^The ridiculous thing is that it's so easy to sell Midwestern cities as more than "oh it's cheap", which as a marketing campaign really hasn't been all that successful. I honestly think some people don't realize we have any sort of art or music scene here, much less any good bars or restaurants or outdoor activities (since the entire midwest is obviously flat cornfields). “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
March 13, 20187 yr The cultural differences between living in one area of the country versus another have been narrowed significantly in recent decades. You're looking at the same damn internet on your phone no matter where you live, and that's the main thing people do these days. Why not find a cheaper place to look at your phone?
March 13, 20187 yr VCs have discovered the Midwest https://www.yahoo.com/tech/vcs-discovered-midwest-153615732.html This guy is a total ignoramus when it comes to Akron. I emailed him and suggested he take a tour of his own and do some basic research before he condescends to the VC he's writing about. He also could easily have mentioned Cleveland and the Cleveland Clinic or Columbus as places that are attracting investment money.
March 13, 20187 yr I don't think they talked about CLE or Cbus because the tour didn't go to either of those cities. “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
March 13, 20187 yr ^The ridiculous thing is that it's so easy to sell Midwestern cities as more than "oh it's cheap", which as a marketing campaign really hasn't been all that successful. I honestly think some people don't realize we have any sort of art or music scene here, much less any good bars or restaurants or outdoor activities (since the entire midwest is obviously flat cornfields). Or we hibernate all winter. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 13, 20187 yr Sounds a lot like what happened with the Big 3 automakers when Honda and Toyota arrived. Let's be honest though, they modernized because we blew all their old stuff up. Then our short sighted managers didn't see the need to because they had no competition....then.
March 13, 20187 yr “Wisconsin, to get Foxconn, gave away the store,” the governor said, referencing the multistate competition last year to attract a factory planned by the Taiwanese electronics manufacturer. Ohio was one of the states competing. “It is a semi-meltdown in that state in regard to Foxconn.” He said he told Foxconn executives that “we don’t give away the store.” http://www.dispatch.com/business/20180312/gov-kasich-proposed-75-billion-petrochemical-plant-adds-south-korean-partner
March 14, 20187 yr I don't think they talked about CLE or Cbus because the tour didn't go to either of those cities. Uh, they didn’t stop in Pittsburgh, Chicago or Minneapolis either. All cities mentioned as successes.
March 14, 20187 yr Site Selection results are here: https://siteselection.com/issues/2018/mar/top-metros-2017-repeat-defenders.cfm Metros with Population Over 1 Million '17 '16 Metro State Projects 1 1 Chicago-Naperville-Elgin Ill.-Ind.-Wis. 402 2 3 Houston-The Woodlands-Sugar Land Texas 196 3 2 Dallas-Fort Worth-Arlington Texas 192 4 6 Atlanta-Sandy Springs-Roswell Ga. 131 5 4 New York-Newark-Jersey City N.Y.-N.J.-Pa. 128 6 5 Cincinnati Ohio-Ky.-Ind. 111 7 8 Columbus Ohio 99 8 7 Washington-Arlington-Alexandria D.C.-Va.-Md.-W.Va. 82 9 20 Indianapolis-Carmel-Anderson Ind. 73 10 T18 Los Angeles-Long Beach-Anaheim Calif. 72 Those ten by Projects/100,000 Capita: 1 Cincinnati 5.13 2 Columbus 4.85 3 Chicago 4.23 4 Indianapolis 3.64 5 Houston 2.89 6 Dallas 2.65 7 Atlanta 2.26 8 Washington 1.34 9 New York .64 10 Los Angeles .54
March 14, 20187 yr ^How are "Projects" defined? Also, for crap like this if people actually follow these lists, proper MSA boundaries matter, lest Cleveland be excluded while places like Columbus, Ohio are on the list.
March 14, 20187 yr Columbus would probably does worse if the whole MSA is included since Fairfield, Madison, Pickaway and Morrow counties aren't seeing much action.
March 14, 20187 yr Columbus would probably does worse if the whole MSA is included since Fairfield, Madison, Pickaway and Morrow counties aren't seeing much action. ^How are "Projects" defined? Also, for crap like this if people actually follow these lists, proper MSA boundaries matter, lest Cleveland be excluded while places like Columbus, Ohio are on the list. This is by whole metro as defined by the Census Bureau.. And Cleveland doesn't come close to Cincinnati or Columbus. Even adding Akron gets "Cleveland" to only 81 projects. Similarly, adding Dayton gets "Cincinnati" to 139. Projects are defined here: https://siteselection.com/conway_analytics_report/Conway_Projects_Guidelines.pdf
March 14, 20187 yr ^Thanks. CLE folks--could this be accurate? CLE has less than 72 projects that New construction MUST take place and meet one or more of the following: • Employees = 20 or more new jobs created • Square Footage = 20,000 or more • Investment = $1,000,000 or more
March 14, 20187 yr ^Thanks. CLE folks--could this be accurate? CLE has less than 72 projects that New construction MUST take place and meet one or more of the following: • Employees = 20 or more new jobs created • Square Footage = 20,000 or more • Investment = $1,000,000 or more If accurate, hardly shocking. Right?
March 14, 20187 yr Nashville barely appears on these lists. It's shows you how their massive hotel and apartment construction boom is really a Potemkin Village -- there isn't real economic umph behind it. It's rich people moving there for somewhere to hang out.
March 14, 20187 yr Nashville barely appears on these lists. It's shows you how their massive hotel and apartment construction boom is really a Potemkin Village -- there isn't real economic umph behind it. It's rich people moving there for somewhere to hang out. Yeah, Nashville has only 35. Even Austin, at 51, has one fewer than Cleveland. Of course, it'd be nice to see total dollar numbers. Facebook's data center in New Albany at $750 million is one project as is a $1 million office building with 20+ jobs. Still this is a good look at volume; and where jobs are people follow. Good news for Cincinnati and Columbus as they've been on the top ten list at least six years straight.
March 14, 20187 yr ^Thanks. CLE folks--could this be accurate? CLE has less than 72 projects that New construction MUST take place and meet one or more of the following: • Employees = 20 or more new jobs created • Square Footage = 20,000 or more • Investment = $1,000,000 or more And DOES NOT include: • Restaurants/ Bank branches (Headquarters will qualify if meeting the General Qualifying Criteria.) • Retail including shopping malls, museums, elementary and secondary schools and other non-commercial educational facilities, government facilities (other than infrastructure categories listed below), self-storage facilities, airports, arenas, business parks and spec buildings, hotels, casinos, destination resorts, theme parks, highway projects, hospitals and other medical facilities, power plants, rail and rapid transit systems, university research facilities, water and waste units This helps explain why Nashville ranks so poorly, despite the conspicuous downtown construction boom.
March 14, 20187 yr Those criteria are very favorable to Columbus and all of its constant warehouse development. Hell, I think Groveport and Obetz combined could beat Nashville that way.
March 15, 20187 yr I'm a little surprised they don't include business parks and spec construction. A spec building does not have a tenant...also I believe a "business park" might refer to a large warehouse that leases out sections of the building in a revolving manner. Basically an apartment complex for companies who need seasonal or otherwise variable warehouse space. If hotels were included, a lot of coastal towns would rank much higher, even though all they're doing is eating up the money made inland.
March 15, 20187 yr Which Ohio counties have the most fast-food restaurants per 1,000 people? You probably don't need this post to tell you that fast-food restaurants are everywhere, but they're more prominent in some parts of the state than others. So where are the most fast-food restaurants in Ohio? To answer that question, we looked to a USDA survey of restaurants and grocery stores. The agency tracks the number of fast food restaurants in every county in the United States and calculates the number of restaurants per capita in each, using census data. The department defines a fast food restaurant as any limited service restaurant in which customers pay before receiving their food. Restaurants that deliver, such as Jimmy John's or Pizza Hut, are included in USDA's fast food figures. One imagines that enormous counties like Cuyahoga (home of Cleveland) and Franklin (home of Columbus), which have thousands of burger joints between them, would have the most per capita. But the numbers say otherwise. Rural counties, with mid-sized cities at their centers, actually top that list. Eateries like McDonald's and Wendy's are sure bets in cities like Norwalk and Washington Court House - which both have populations under 20,000 - said Sam Oches, an Athens native and an editor of the restaurant trade publication QSR. http://www.cleveland.com/metro/index.ssf/2018/03/post_380.html
March 15, 20187 yr ^ha ha. I just knew Lake Co. had to be on the list http://www.mainstreetpainesville.org/
March 15, 20187 yr I don't think Fayette County would be so high without all those truck stops and outlet malls. Guernsey County would be a lot lower if I-70 and I-77 didn't meet there.
March 20, 20187 yr Site Selection results are here: https://siteselection.com/issues/2018/mar/top-metros-2017-repeat-defenders.cfm Metros with Population Over 1 Million '17 '16 Metro State Projects 1 1 Chicago-Naperville-Elgin Ill.-Ind.-Wis. 402 2 3 Houston-The Woodlands-Sugar Land Texas 196 3 2 Dallas-Fort Worth-Arlington Texas 192 4 6 Atlanta-Sandy Springs-Roswell Ga. 131 5 4 New York-Newark-Jersey City N.Y.-N.J.-Pa. 128 6 5 Cincinnati Ohio-Ky.-Ind. 111 7 8 Columbus Ohio 99 8 7 Washington-Arlington-Alexandria D.C.-Va.-Md.-W.Va. 82 9 20 Indianapolis-Carmel-Anderson Ind. 73 10 T18 Los Angeles-Long Beach-Anaheim Calif. 72 Those ten by Projects/100,000 Capita: 1 Cincinnati 5.13 2 Columbus 4.85 3 Chicago 4.23 4 Indianapolis 3.64 5 Houston 2.89 6 Dallas 2.65 7 Atlanta 2.26 8 Washington 1.34 9 New York .64 10 Los Angeles .54 I don't think that Site Selection magazine can be fully appreciated w/o an understanding of its large, in-house professional readership: Circulation Site Selection has an audited circulation of approx. 45,000 corporate decision-makers: • More than 44,000 c-suite manufacturing & corporate real estate executives; • More than 2,500 government development agencies; • Decision makers from more than 800 of the Fortune 1000 companies; • More than 630 facility managers; • More than 500 site consultants; • Executives with more than 100 utilities; • Representing more than 80 countries. (Statistical information includes audited circulation and the publisher's own data.) Based on this cursory analysis of Site Selection's circulation, it has to be considered more than a glitzy publication meant to impress, but rather one to be taken seriously due to the data it presents and the audience who relies on it.
March 21, 20187 yr This report helps support the surprising economic data we've been seeing for Cincinnati: https://www.bizjournals.com/cincinnati/news/2018/03/20/how-hot-is-industrial-real-estate-cincinnati-s.html Obviously there has been no significant general office space downtown since the Queen City Square tower went up (Dunhumby was purpose-built), so the lack of cranes downtown cloaks what is going on with all sorts of unknown companies with warehouse space around the periphery.
April 1, 20187 yr Cincinnati ranks 11th, Cleveland 12th and Columbus 14th.... San Francisco Is No Longer the Startup Capital. Here's Where Startups Should Look Next https://www.inc.com/david-brown/aols-steve-case-says-san-francisco-is-out-heres-where-startups-should-look-to-next.html?platform=hootsuite "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 1, 20187 yr Cincinnati ranks 11th, Cleveland 12th and Columbus 14th.... San Francisco Is No Longer the Startup Capital. Here's Where Startups Should Look Next https://www.inc.com/david-brown/aols-steve-case-says-san-francisco-is-out-heres-where-startups-should-look-to-next.html?platform=hootsuite We shouldn't overstate this. https://www.citylab.com/life/2018/03/the-extreme-geographic-inequality-of-high-tech-venture-capital/552026/. What's happening in "the rest" are very modest beginnings.
April 1, 20187 yr Neither article is giving us the entire context. I want to see total dollars and number of deals, % changes, and per capita numbers for all those top 45 cities in order to understand the whole picture.
April 25, 20187 yr Here's a statistical gadget that's fun to play with. It ranks states on a number of measures (taxes, wages, etc.) and allows side-by-side comparisons. Ohio ranks 21st overall and has been trending upward over the last 10 years. It's a product of research by Arthur Laffer and Steven Moore; some will say it has a right-wing bias insofar as what statistics it chooses to measure; but it's probably a tool site seekers will use. http://www.richstatespoorstates.org/ Remember: It's the Year of the Snake
April 25, 20187 yr Here's a statistical gadget that's fun to play with. It ranks states on a number of measures (taxes, wages, etc.) and allows side-by-side comparisons. Ohio ranks 21st overall and has been trending upward over the last 10 years. It's a product of research by Arthur Laffer and Steven Moore; some will say it has a right-wing bias insofar as what statistics it chooses to measure; but it's probably a tool site seekers will use. http://www.richstatespoorstates.org/ Brought to you by American Legislative Exchange Council (ALEC) the far-right Conservative organization that is part of the reason we're in the mess we're in now. "Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett
April 25, 20187 yr Here's a statistical gadget that's fun to play with. It ranks states on a number of measures (taxes, wages, etc.) and allows side-by-side comparisons. Ohio ranks 21st overall and has been trending upward over the last 10 years. It's a product of research by Arthur Laffer and Steven Moore; some will say it has a right-wing bias insofar as what statistics it chooses to measure; but it's probably a tool site seekers will use. http://www.richstatespoorstates.org/ If the fact that Arthur Laffer and Steven Moore are involved didn't tell you everything you need to know about this "tool" then the fact that New York and California rank at the bottom but Alabama is 20th and Indiana is 3rd should clue you in that this thing is pretty useless as a predictor of any useful economic indicator.
April 25, 20187 yr I mean, it's true that states shouldn't handicap themselves through thoughtless policies that inhibit business without sufficient countervailing benefit, but yeah, this tool seems idiotically myopic.
April 25, 20187 yr Bbbbbut if you just do what Republicans say all the money and jobs will flow to your area
April 25, 20187 yr I mean, it's true that states shouldn't handicap themselves through thoughtless policies that inhibit business without sufficient countervailing benefit, but yeah, this tool seems idiotically myopic. As a straight comparison of hard data seldom collected in so convenient a format, I think it's a very useful display. I suspect it will be a starting point for lots of studies. Remember: It's the Year of the Snake
April 25, 20187 yr I mean, it's true that states shouldn't handicap themselves through thoughtless policies that inhibit business without sufficient countervailing benefit, but yeah, this tool seems idiotically myopic. As a straight comparison of hard data seldom collected in so convenient a format, I think it's a very useful display. I suspect it will be a starting point for lots of studies. "Growth" is often a suspect comparative statistic. Not worthless, but not by itself proof of overall condition.
April 25, 20187 yr I mean, it's true that states shouldn't handicap themselves through thoughtless policies that inhibit business without sufficient countervailing benefit, but yeah, this tool seems idiotically myopic. As a straight comparison of hard data seldom collected in so convenient a format, I think it's a very useful display. I suspect it will be a starting point for lots of studies. I suppose I'll always applaud efforts to gather and make readable disparate info, even if the I don't have much faith in the interpretation built into this tool.
April 26, 20187 yr The indicators themselves are not economic, but corporate-likability stats - those are what businesses looking for friendly environments want; not what might be indicators of satisfied workers or public, or a good economy in general.
April 30, 20187 yr The Midwest Is Booming—Just Not Where You Think https://www.thedailybeast.com/the-midwest-is-boomingjust-not-where-you-think "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 1, 20187 yr The Midwest Is BoomingJust Not Where You Think https://www.thedailybeast.com/the-midwest-is-boomingjust-not-where-you-think A fair article, but one that manages to not mention Cincinnati even once!
May 1, 20187 yr The indicators themselves are not economic, but corporate-likability stats - those are what businesses looking for friendly environments want; not what might be indicators of satisfied workers or public, or a good economy in general. I had to LOL at some of them. Alabama is #1 for one of the indicators because its personal income tax is actually REGRESSIVE! #winning
May 1, 20187 yr I mean, it's true that states shouldn't handicap themselves through thoughtless policies that inhibit business without sufficient countervailing benefit, but yeah, this tool seems idiotically myopic. As a straight comparison of hard data seldom collected in so convenient a format, I think it's a very useful display. I suspect it will be a starting point for lots of studies. I wouldn't call it a straight comparison of hard data as much as I would a propaganda tool.
May 1, 20187 yr Using the BLS link posted in another thread, I tallied the jobs numbers for the 3Cs and their closest competitors since March 2008. They seem to fall into four categories: stagnant, fair, good-to-great, and explosive. Stagnant: Cleveland: 5,100 jobs added (0.5%) Pittsburgh: 37,100 (3.3%) Fair: Cincinnati: 52,500 jobs added (5.1%) Kansas City: 78,900 (7.8%) Good-to-great: Indianapolis: 116,800 jobs added (12.3%) Columbus: 135,700 (14.3%) Raleigh-Durham: 132,600 (16.5%) Charlotte: 172,500 (16.7%) Explosive: Nashville: 196,400 jobs added (24.7%) Austin: 270,600 (34.3%)
May 1, 20187 yr ^ Since March of 2010 Cleveland has added 82k jobs. Up 9k from MAR 17 to MAR 18. https://data.bls.gov/timeseries/SMU39174600000000001?amp%253bdata_tool=XGtable&output_view=data&include_graphs=true
May 1, 20187 yr ^I'm gonna say it... Each of the above listed cities, save Cleveland, has - at the very least - a solid mix of (D) and ® running their cities.
May 1, 20187 yr ^I'm gonna say it... Each of the above listed cities, save Cleveland, has - at the very least - a solid mix of (D) and ® running their cities. The data represents the entire metro not just the city.
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