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Ikea supplier among companies promising to add 420 jobs to Central Ohio

 

Fluvitex USA Inc. plans to open a manufacturing and distribution center in Groveport with 80 full-time equivalent jobs, including administrative and sewing operators to make comforters, pillows and cushions for Ikea.  Fluvitex is a subsidiary of Masias, a Spain-based textiles company.

 

The company is leasing nearly 124,000 square feet of a 450,000-square-foot speculative warehouse built two years ago at the southeast corner of Pontius and Rohr roads.

 

The plant will supply Ikea stores throughout central and eastern U.S. and Canada, Jaume Burgell, Fluvitex general manager, said.

 

MORE: https://www.bizjournals.com/columbus/news/2017/07/31/ikea-supplier-among-companies-promising-to-add-420.html

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  • https://www.bizjournals.com/columbus/news/2022/01/28/huntington-steve-steinour-fy2021-earnings.html   Interesting quote at the end of this article. Steve Steinour is CEO of Huntinton bank, a

  • https://www.dispatch.com/story/business/2022/01/26/columbus-region-unemployment-falls-2-8-december-near-record/9210086002/   Columbus unemployment fell to 2.8%, the lowest in 23 years and ne

  • Hyperion chooses Columbus for headquarters location   https://www.nbc4i.com/news/local-news/columbus/hyperion-chooses-columbus-for-headquarters-location/   Hyperion Inc., a hydroge

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New Albany courting $750M data center helped by $37M in state incentives

 

The city of New Albany, already home to data centers for Amazon.com Inc. and other corporations, is courting an operator to build the city's "largest data center yet."  The state of Ohio is helping the effort by offering more than $37 million in tax incentives, including waiving $36.25 million in sales and use tax on the computer equipment installed in the center.

( . . . )

The $750 million, 900,000-square-foot facility would create 50 jobs, according to a city fact sheet on the proposed project.  The proposed site is 345 acres of city-owned farmland on the east side of Beech Road south of the Route 161 interchange in Licking County.  For comparison, the current largest data center in Central Ohio, owned by Cologix Inc. in north Columbus, has 205,000 square feet for computing and storage equipment.

 

MORE: https://www.bizjournals.com/columbus/news/2017/07/31/new-albany-courting-750m-data-center-helped-by-37m.html

Amazon looking to hire more than 1,000 in Central Ohio on Wednesday

 

If there’s any slack in Columbus’ warehouse labor market, Amazon Inc. should put a dent in it Wednesday.  That’s because the e-commerce behemoth, which has distribution centers in Etna and Obetz, will look to fill 1,400 roles at those locations as part of a hiring day that could leave Amazon with 50,000 new workers across the country.

 

The company will host a job fair at its Etna warehouse Wednesday, where it’ll be prepared to offer jobs to applicants on-the-spot, per a press release.  The company’s website advertises wages that start between $14 and $17 per hour.

 

A company spokesperson told Business First 1,096 of the available jobs are at the Etna warehouse, where thousands of robots already help a staff of 3,000.  The other 396 jobs are at the Obetz warehouse.

 

MORE: https://www.bizjournals.com/columbus/news/2017/08/01/amazon-looking-to-hire-more-than-1-000-in-central.html

Facebook is behind plan for data center in New Albany

 

Facebook is the mystery company behind the plan to develop a massive $750 million data center in New Albany, multiple sources have told The Dispatch.  The social-media giant is expected to formally announce plans for the project next week, according to the sources familiar with the plans.

 

A company identified only as Sidecat received approval for state tax incentives on July 31 for the project.  The project is expected to create 50 jobs with an annual salary of $80,000 each and 1,000 construction jobs.

 

The data center will be built on a 345-acre site on the east side of Beech Road and south of the Route 161 interchange, according to a fact sheet prepared by the city of New Albany.  The center will be 900,000 square feet in size ... and is expected to open in 2022.

 

MORE: http://www.dispatch.com/news/20170811/facebook-is-behind-plan-for-data-center-in-new-albany

I wish I had posted this CBNC piece about small businesses in Columbus when it was posted in 2016.  But I just came across it in my saved bookmarks file - so better late than never.

 

The below link contains an article and three videos.  The first video gives a general overview of the small business climate in Columbus, focusing on three local start-ups -- Hot Chicken Takeover, Print Syndicate, and the Columbus Idea Foundry.  The other two videos talk with the heads of Hot Chicken Takeover and Print Syndicate.  (I should note that then-CEO of Print Syndicate, Tanisha Robinson, was named in 2017 to head the U.S. operations of the Scotland-based BrewDog brewery that opened this year in Central Ohio):

 

https://www.cnbc.com/2016/08/30/columbus-ohio-a-growing-mecca-for-small-business.html

Facebook to build Central Ohio’s largest data center in New Albany

 

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The world’s largest social media company announced plans on Tuesday to build a data center in New Albany, the biggest such project Central Ohio has seen.

 

Facebook Inc., local and state officials and Gov. John Kasich met in New Albany to officially roll out plans for a 900,000-square-foot, $750 million operation that is expected to create 100 jobs.

 

More below:

https://www.bizjournals.com/columbus/news/2017/08/15/facebook-to-build-central-ohio-s-largest-data.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Columbus' position at the crossroads of the internet good for business

 

Columbus’ own Grand Central Terminal for the internet is in a tangible way keeping IT investment and jobs in Ohio, says the founder of a fast-growing Cleveland cloud computing services company.  BlueBridge Networks LLC has landed and kept billion-dollar enterprise clients in the two years since connecting its Cleveland-area data centers directly to the Columbus branch of Cologix Inc., which in turn connects to the Denver company’s eight other markets in the U.S. and Canada.

 

“Instead of business leaving Ohio, we’re reversing it,” said Kevin Goodman, BlueBridge managing director. “We’re saying we can do it here faster, smarter, cheaper.”  When large multinational corporations want to switch to cloud computing – outsourcing data storage and computing power to specialized facilities – they ask if a regional data center and IT services company can match what IT giants offer, Goodman said.  “Having the relationship and connection to Columbus, the answer became unequivocally yes. I was told point blank had I not given (one company) the option of Cologix, that customer, which is one of our top 10, would not have re-signed.”

 

BlueBridge has enjoyed double-digit percentage growth every year since launching in 2004.  Total revenue increased 20 percent in 2015 but 40 percent in the portion using the Cologix connection.  That will rise even faster, he said, now that Cologix has started construction of a $130 million, 160,000-square-foot data center that nearly triples the space at its north Columbus campus.

 

MORE: https://www.bizjournals.com/columbus/news/2016/09/23/columbus-position-at-the-crossroads-of-the.html

When Columbus-based banking giant Bank One merged with the even-larger banking giant JPMorgan Chase & Co. back in 2004, there was much concern that it might lead to massive job losses in Central Ohio.  The HQ shifted from Columbus to NYC and sometimes that leads to other jobs being shifted around as well.

 

Fortunately, Bank One had recently built a massive 2,000,000-square-foot office center in Polaris that opened in 1996.  Chase decided to keep that center as part of this new merged company and instead of losing jobs, Chase actually added jobs to this center and also built a 500,000-square-foot office building in Easton Town Center.

 

Now, Chase has announced they will be spending $200 million to upgrade/update both the 2,000,000-square-foot McCoy Center in Polaris and the 500,000-square-foot Easton office building:

 

http://www.dispatch.com/content/stories/business/2016/10/28/chase-to-spend-200-million-on-upgrading-polaris.html

 

https://www.bizjournals.com/columbus/news/2016/10/28/jpmorgan-chase-will-revamp-polaris-complex-easton.html

Cherry duck sliders and spicy tofu: White Castle expands to China

 

White Castle is seeing if its crave translates to China.

 

The Columbus-based restaurant company has quietly opened a pair of burger joints in Shanghai through a partnership with ClearVue Partners, a Shanghai-based private equity fund that invests in consumer brands growing in the country. It works with Outback Steakhouse among other worldwide brands.

 

More below:

https://www.bizjournals.com/columbus/news/2017/08/26/cherry-duck-sliders-anyone-white-castle-expands-to.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

More saved articles from the past year:

 


Chicago-based accounting and consulting firm BDO plans to hire more than 400 people in Columbus by the end of 2021 as part of a plan to develop a business services center to serve BDO offices throughout the country:

 

http://www.dispatch.com/content/stories/business/2016/10/31/bdo-to-bring-400-jobs-to-columbus.html

 

https://www.bizjournals.com/columbus/news/2016/10/31/400-person-business-services-call-center-openingin.html

Video of the Columbus Metropolitan Club's 2017 Blue Chip Economic Forecast.  This CMC forum took place on January 4, 2017:

 

  • 3 weeks later...

Bob Evans will no longer be under local ownership.  The company previously sold off the Bob Evans restaurants portion of the business to a California private-equity firm for $565 million.  Yesterday, Bob Evans announced that Post Holdings, a food conglomerate headquartered in St. Louis, will acquire the rest of the company for $1.5 billion.

 

The rest of the company consists of the prepared-foods business sold under the Bob Evans name.  The announcement says that Post will maintain the existing Bob Evans operations in Central Ohio and the HQ building recently completed in New Albany:

 


https://www.bizjournals.com/columbus/news/2017/09/19/bob-evans-sells-in-1-5b-deal.html

 

http://www.dispatch.com/news/20170919/bob-evans-farms-operations-to-stay-in-central-ohio-even-as-its-sold-to-cereal-maker-post

Another story about a local brand being merged into a larger national brand (although Resource is not the household name that Bob Evans is).  And also not a surprise, since IBM acquired Resource in January 2016:

 

Farewell, Resource – digital agency taking on new name with expanded role at IBM

By Carrie Ghose, Staff Reporter - Columbus Business First

Updated: September 15, 2017, 4:22pm EDT

 

The Resource name will disappear Monday after 36 years in Columbus, but the digital marketing agency’s role is expanding within parent IBM Corp.  Resource/Ammirati, the latest incarnation after half a dozen name changes, will fold its identity in with seven North American and 28 international digital and interactive studios under the IBM iX brand.

 

Kelly Mooney, longtime Resource CEO, now is a co-leader of iX North American studios, overseeing about 600 employees.  The former Resource is the largest component, with 350 employees between Columbus, New York City and Chicago.  The agency keeps its office at 250 S. High St. – employees can still bring their dogs, everyone leaves early on summer Fridays.

 

MORE: https://www.bizjournals.com/columbus/news/2017/09/15/farewell-resource-digital-agency-taking-on-new.html

From the Ohio: General Business thread at https://www.urbanohio.com/forum2/index.php/topic,2526.msg875103.html#msg875103

 

Here are the newly released metro GDP numbers for 2016, in millions.

 

Cincinnati: $132,010

Columbus: $130,758

Cleveland: $129,440

Dayton: $40,572

Akron: $37,300

Toledo: $33,158

Youngstown: $19,966

Canton: $16,343

 

Change 2010-2016 in millions.

Columbus: +$35,570

Cincinnati: +$24,943

Cleveland: +$23,895

Akron: +$8,082

Dayton: +$7,184

Toledo: +$6,267

Canton: +$2,483

Youngstown: +$2,463

 

Change 2015-2016 in millions.

Columbus: +$5,564

Cincinnati: +$5,398

Cleveland: +$2,719

Akron: +$1,935

Dayton: +$998

Toledo: +$552

Youngstown: +$106

Canton: -$580

 

Only change in the ranking was that Columbus passed up Cleveland to become the state's 2nd largest metro GDP.

 

Article about this from today's Dispatch:

 

Columbus economy tops Cleveland

By Mark Williams, The Columbus Dispatch

Updated: September 22, 2017 at 7:18 AM

 

Columbus now has the second-largest economy in the state.  Central Ohio’s gross domestic product — the value of goods and services produced in the region — grew at a 2.5 percent rate in 2016, pushing the size of the economy past Cleveland’s, according to federal data released this week.  Cincinnati is No. 1.

 

The growth rate for central Ohio was stronger than the 1.7 percent growth rate posted by the average U.S. metropolitan area’s economy and the 1.5 percent growth rate for the overall U.S. economy last year.

 

- Cincinnati's economy also grew at a 2.5 percent rate and ranked 28th in the country with a GDP of $132 billion.

- Columbus’ GDP stood at $130.8 billion to rank 29th in the U.S.

- Cleveland’s economy was 30th at $129.4 billion.

 

MORE: http://www.dispatch.com/news/20170922/columbus-economy-tops-cleveland

  • 2 weeks later...

Two more reports about huge seasonal holiday hirings in Central Ohio:

 

-- L Brands to hire nearly 4,000 seasonal employees at its Morse Road and East Broad Street distribution centers in preparation for the holiday shopping season:  http://www.dispatch.com/business/20170815/l-brands-hopes-to-hire-4000-amid-tough-competition

 

-- FedEx to hire 1,800 in Columbus and Central Ohio ahead of the holiday rush at its four area FedEx Ground shipping centers:  https://www.bizjournals.com/columbus/news/2017/09/28/fedex-to-hire-1-800-in-columbus-for-the-holidays.html

  • 1 month later...

While our forum was down C-BUS put in a bid for Amazon's $5 billion second headquarters:

 

https://www.bizjournals.com/columbus/news/2017/10/18/columbus-put-in-a-bid-for-amazons-5b-second.html

 

^ Probably a long shot, but no harm in trying.  However, even if Central Ohio doesn't get Amazon's 2nd HQ, they'll still get a bunch more data centers.  Amazon announced plans to add up to 12 more data centers to the three it started running a year ago in Central Ohio:

 

https://www.bizjournals.com/columbus/news/2017/11/10/amazon-plans-to-expand-to-15-central-ohio-data.html

While our forum was down C-BUS put in a bid for Amazon's $5 billion second headquarters:

 

https://www.bizjournals.com/columbus/news/2017/10/18/columbus-put-in-a-bid-for-amazons-5b-second.html

 

^ Probably a long shot, but no harm in trying.  However, even if Central Ohio doesn't get Amazon's 2nd HQ, they'll still get a bunch more data centers.  Amazon announced plans to add up to 12 more data centers to the three it started running a year ago in Central Ohio:

 

https://www.bizjournals.com/columbus/news/2017/11/10/amazon-plans-to-expand-to-15-central-ohio-data.html

 

I think we have a better shot than most cities in the midwest outside of Chicago.. plenty of land, plenty of existing business/infrastructure, a sufficient work force.. I think Columbus will make at minimum the final 10, if not final 4 candidates

Even @ClevelandFed is mentioning the #SaveTheCrew movement!

 

From

 

24593861728_29cc0aec43_d.jpg

While our forum was down C-BUS put in a bid for Amazon's $5 billion second headquarters:

 

https://www.bizjournals.com/columbus/news/2017/10/18/columbus-put-in-a-bid-for-amazons-5b-second.html

 

^ Probably a long shot, but no harm in trying.  However, even if Central Ohio doesn't get Amazon's 2nd HQ, they'll still get a bunch more data centers.  Amazon announced plans to add up to 12 more data centers to the three it started running a year ago in Central Ohio:

 

https://www.bizjournals.com/columbus/news/2017/11/10/amazon-plans-to-expand-to-15-central-ohio-data.html

 

I think we have a better shot than most cities in the midwest outside of Chicago.. plenty of land, plenty of existing business/infrastructure, a sufficient work force.. I think Columbus will make at minimum the final 10, if not final 4 candidates

 

How are those features any different than what exists in other cities in the Midwest?

We won't get it because we have no rail transit. Amazon sucks to work for so the city better be full-featured or they will have an even harder time keeping people.

  • 1 month later...

Columbus 2020, the economic development organization for the Central Ohio/Columbus region, released information on the economic targets set when it formed in 2010:

  • Columbus 2020 set goals of adding 150,000 jobs by 2020, along with capital investment of $8 billion and a 30 percent increase in income per person.

  • According to the organization, the Central Ohio/Columbus region has added 147,595 jobs since 2010, capital investment has reached $8.7 billion and income per person has grown 24.4 percent.

If these current rates hold, the region will have 190,445 new jobs, capital investment of $10.9 billion and income growth of 43.9 percent by 2020.  More information about this at the links below:

 

http://www.dispatch.com/business/20171204/columbus-2020-on-track-to-hit-economic-goals-for-central-ohio

 

http://columbusregion.com/columbus-2020/

Some more information about the Columbus bid for Amazon's 2nd HQ:

 


Columbus eyes several parcels for Amazon

By JD Malone and Mark Williams, The Columbus Dispatch

Posted: December 22, 2017 at 6:11 AM

 

The city of Columbus has stitched together property in Franklinton, Scioto Peninsula, around the Ohio State University campus and Easton in its bid to land one of the biggest economic-development prizes ever: a second headquarters for Amazon.

 

Hundreds of pages of emails, documents and other records released by the city in response to a records request from The Dispatch shows the city also has looked at the Ohio State Fairgrounds and Mount Carmel West hospital, but has ruled out those sites for now.  ...  Other potential sites where Amazon could locate at least some of its operations were redacted from the documents provided by the city because they are privately owned and have not been identified previously as potential sites, said Steve Schoney, the city’s economic-development director.

( . . . )

In October, the city offered a package of incentives that includes property-tax abatements, income-tax refunds and a transportation plan.  ...  The big challenge is piecing together the land that the internet giant says it would need for the project.  “It’s really tough to find 100 acres in an existing urban environment,” Schoney said.

 

Columbus’ bid for the headquarters was submitted to Amazon through Columbus 2020, the region’s economic-development arm.  Columbus 2020 said there was no update to provide on the status of the project or the city’s bid.  ...  Amazon has said 238 cities in North America have bid for the project and a winning city is expected to be announced in 2018.

 

MORE: http://www.dispatch.com/news/20171222/columbus-eyes-several-parcels-for-amazon

  • 2 weeks later...

Columbus job growth to remain strong in 2018, helped by Smart City projects 'about to pop'

By Carrie Ghose – Staff Reporter, Columbus Business First

Posted: January 3, 2018, 2:48pm

 

After besting last year’s prediction, Central Ohio’s employment growth will continue its run of outpacing the rest of the state and country in 2018, economist Bill LaFayette predicted in his annual forecast.

 

The region is expected to add 19,400 jobs this year, a 1.8 percent increase from the current 1.08 million, the owner of economic research firm Regionomics LLC said at a Columbus Metropolitan Club forum Wednesday.

 

Smart Columbus could be a major driver of change, attracting new technologies and companies, LaFayette said.  “It can make us an international center for development and deployment of smart mobility technology,” he said.  “Pay close attention to this initiative – it looks like things are about to pop.”

 

MORE: https://www.bizjournals.com/columbus/news/2018/01/03/columbus-job-growth-to-remain-strong-in-2018.html

  • 2 weeks later...

While our forum was down C-BUS put in a bid for Amazon's $5 billion second headquarters:

 

https://www.bizjournals.com/columbus/news/2017/10/18/columbus-put-in-a-bid-for-amazons-5b-second.html

 

^ Probably a long shot, but no harm in trying.  However, even if Central Ohio doesn't get Amazon's 2nd HQ, they'll still get a bunch more data centers.  Amazon announced plans to add up to 12 more data centers to the three it started running a year ago in Central Ohio:

 

https://www.bizjournals.com/columbus/news/2017/11/10/amazon-plans-to-expand-to-15-central-ohio-data.html

 

I think we have a better shot than most cities in the midwest outside of Chicago.. plenty of land, plenty of existing business/infrastructure, a sufficient work force.. I think Columbus will make at minimum the final 10, if not final 4 candidates

 

I'd be happy to be wrong about Columbus' chances for HQ2 and for wpcc88 to be right.  C-BUS did made the top 20 announced today by Amazon:

 

https://www.bloomberg.com/news/articles/2018-01-18/amazon-narrows-field-for-second-headquarters-location-to-20

It's a good boost for the city, no doubt.

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

If anything, just being on this list might be enough to get smaller companies to look at Columbus, seeing as Amazon saw "something" special with the Columbus bid... hopefully a little bit more of an "it factor" than just a good financial incentive package.

“To an Ohio resident - wherever he lives - some other part of his state seems unreal.”

H-YEAH, Columbus!

I mentioned this in the Ohio economy thread, but with Apple announcing they will also build a second HQ somewhere in the states, I think Columbus has a legitimate shot.  Apple has strong ties to Ohio State.

 

I mentioned this in the Ohio economy thread, but with Apple announcing they will also build a second HQ somewhere in the states, I think Columbus has a legitimate shot.  Apple has strong ties to Ohio State.

 

 

There have been rumors floating around that Ohio State is seeking out companies like Apple and Google to infill the neighborhood behind the campus side of Gateway.  At this point those two and Amazon could all be in the running for some of that land and cheap labor!

 

Apple_Google_Amazon_-_Campus.thumb.PNG.d100054073a96611174619c747eb216a.PNG

but what about catfish biffs

Additionally, what is publicly known about the Columbus bid for HQ2 is in this December Dispatch article previously posted at https://www.urbanohio.com/forum/index.php/topic,3163.msg885776.html#msg885776 in this thread.

 

December article:  http://www.dispatch.com/news/20171222/columbus-eyes-several-parcels-for-amazon

 

This link recaps the incentives offered to Amazon and shows the actual letter sent to Amazon for the HQ2 project:

 

https://www.columbusnavigator.com/columbus-amazon-incentives-hq2/

Recap of 2017 Year in Review articles from The Metropreneur:

 

-- 2017 Year in Review: January – June:  http://themetropreneur.com/columbus/2017-year-review-january-june/

 

-- 2017 Year in Review: July – December:  http://themetropreneur.com/columbus/2017-year-review-july-december/

 

-- The Top 10 Business Success Stories of 2017:  http://themetropreneur.com/columbus/top-10-business-success-stories-of-2017/

 

-- The Top 10 New Startups of 2017:  http://themetropreneur.com/columbus/top-10-startups-of-2017/

 

-- 2017 Year In Review: Coworking, Social Entrepreneurship & Trends to Look for in 2018:  http://themetropreneur.com/columbus/2017-year-in-review-coworking-social-entrepreneurship-industry-shaping-trends/

Columbus region puts 51 companies on the Inc. 5000 list, including one at No. 6 in the U.S.

 

The 2017 Inc. 5000 list of the nation's fastest-growing privately held companies includes 51 area businesses, including one that made it into the Top 10 nationwide.  The annual ranking by Inc. magazine put the Columbus-based lender Small Business Owners of America at the top of the list in Central Ohio and statewide.  The company ranked No. 6 in the United States with a three-year growth rate of 19,352 percent to reach $19.7 million in revenue in 2016.

 

Below is a list of the companies on the Inc. 5000 identified as being based in Central Ohio, along with their national rank.  The list includes private, independently owned companies based in the U.S. that had at least $2 million in revenue last year.

 

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26139362838_159f9180e0_d.jpg

28233230869_584420823a_d.jpg

39980484152_8b34b30f5c_d.jpg

 

MORE: https://www.bizjournals.com/columbus/news/2017/08/16/columbus-region-puts-51-companies-on-the-inc-5000.html

Nationwide investing $100M in startups

 

Nationwide has been quietly nurturing disruption in the insurance and financial services industries, and now it has set aside a large sum to spur more innovation.  The company announced it’ll invest $100 million in venture capital in startups and that it has hired a chief innovation officer.

 

That new hire will manage Nationwide’s startup incubator, its venture capital team and its emerging business segment, which includes Nationwide’s banking arm. ... Nationwide already has invested in at least four startups:

  • Blooom, a automated financial advisory service

  • Insurify, an online car insurance marketplace

  • Next Insurance, an online business insurance marketplace

  • Sure, an on-demand insurance app

MORE: https://www.bizjournals.com/columbus/news/2017/08/17/nationwide-investing-100m-in-startups.html

^That is how you build a sustainable local economy, folks.

  • 1 month later...

Some great employment news from Accenture:

 

http://www.dispatch.com/business/20180227/accenture-to-create-innovation-hub-in-columbus-add-200-jobs

 

https://www.bizjournals.com/columbus/news/2018/02/27/accenture-names-columbus-a-digital-innovation-hub.html

 

Accenture is opening an innovation hub in Columbus and adding 200 jobs.  The company said it has filled half of the 200 jobs already and plans to have the rest filled by 2020.

 

Accenture currently has about 750 workers in Columbus.  The global IT consulting firm also said it would expand its apprenticeship program to provide under-represented groups greater access to digital-economy jobs as part of this innovation hub.

Some terrible employment news from locally-based research giant Battelle:  http://www.dispatch.com/business/20180305/battelle-will-lay-off-260-employees-in-columbus-90-elsewhere

 

Battelle announced yesterday they will lay off 260 employees in Central Ohio and another 90 at sites around the country as part of an effort to reduce costs.  Battelle employs 3,219 workers — 1,912 in Central Ohio and 1,307 in other locations — so the layoffs are roughly a 10 percent reduction.

  • 3 weeks later...

Columbus ranks No. 5 on list of best cities for entrepreneurs, startups

 

Columbus is one of the top five best cities for entrepreneurs and startups, according to a new report by Business.org.  The ranking was based on startup friendliness, as well as financial environments and demographic cultures.  Business.org analysts studied more than 300 North American cities and ranked each according to those criteria.

 

The report mentions a TechCrunch article in 2017 headlined: “Columbus could be the next startup city.”  “Our research doesn’t disagree,” the Business.org report says.

 

The rest of the top five, from first through fourth, were San Francisco, Austin, Minneapolis and San Jose.  Other top 10 cities were Nashville, Seattle, Boston, Portland and Denver.

 

MORE: http://www.dispatch.com/business/20180321/columbus-ranks-no-5-on-list-of-best-cities-for-entrepreneurs-startups

NCT Ventures invested in a dizzying 19 startups in past year – and persuaded a San Francisco company to move to Columbus

 

NCT Ventures has filled out its portfolio in just over two years since raising a $47 million fund by investing in 32 technology startups – with a dizzying 19 of those since the start of 2017. ... A big chunk of the activity – nine new companies – came from last summer's Smart City Accelerator in a partnership with Smart Columbus.

 

About 90 percent of the funding went to Ohio companies, said managing partner Rich Langdale.  But NCT invested in new industries and geographies last year – and is in the process of moving a startup to Columbus from San Francisco.

 

The Columbus venture fund – and many of its peers – had a typical pace of three to five investments a year.  For context: Drive Capital has invested in 21 companies (that it's made known) from $550 million in funds in just over four years.

 

MORE: https://www.bizjournals.com/columbus/news/2018/03/22/nct-ventures-invested-in-a-dizzying-19-startups-in.html

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