Jump to content

Finance, Insurance, and Corporate Management Sectors in Urban Ohio (& KY & IN)

Featured Replies

Posted

Expanding the investigation of how Dayton compares regionally, here is a regional look for the rest of white collar employment.  I look at the same set of regional cities around Dayton, but since this is Urban Ohio I had the rest of the larger Ohio citys: Cleveland, Akron, Youngstown (+Warren).

 

As in that previous post I look at sector employment as a percentage of total employment, to see how urban areas are moving toward a white collar economy made up of management, finance/insurance, and professional services.

 

 

First sector is Finance…banking of various types…and Insurance…which involves financial management and investing and such.  One can see Columbus is really outstanding here, followed by Indianapolis (but wouldn’t one expect Indy to be stronger here?)

 

3078502702_7c079c1468_o.jpg

 

…followed my management (corporate Hqs and branch/regional offices).  Suprsiningly Akron does well here with over 5% of the 2006 workforce in this sector.  Anyone hazard a guess as to why Akron should show so well here?

 

3077672277_e44b84574f_o.jpg

 

Putting it all together; the three “white collar” sectors, things rank out pretty interesting, with Columbus being the one city with over 20% of the 2006 workforce in these three white collar sectors combined, followed by Cleveland and Indianapolis.  So maybe Clevelands historic role as a sort of corporate/business/professional center is still in play (even if manufacturing is “over”)

 

3077672859_5e14636f15_o.jpg

 

 

One can see how the professional/scientific/technical sectors help Dayton and Lexington’s ranking as they are a major component of these cities white collar workforce. 

 

Its’ also interesting that Dayton ranks ahead of Louisville, considering how Louisville rocks and Dayton doesn’t.  Some speculation on that can be found here  and here

 

In any case, God Bless Columbus and it’s insurance industry.

 

Great graphics - man, this is getting redundant. You do good work, period.

 

Qualitatively, Dayton appears to be a city of many Indians and few Chiefs. Again, the numbers support my gut-feel for the area.

Are you looking at metro areas or city proper?

 

Thanks for the info!

Im looking at the core county plus others that are seeing a lot of growth.

 

For example I looke at Marion (Indianapolis) plus Hamilton (Carmel and Fishers).  For Louisville and Cincy I look at the city county plus the counties across the river plus counties that are seeing a lot of office development.  In Cincys case that is Hamilton/Kenton-Campbell-Floyd + "Daytonatti" (Butler & Warren).  For Louisville its Jefferson/Floyd-Clark, but no other KY county because the ones outside of Louisville dont have much office development the way yr seeing on I-71 & I-75.

 

 

 

Im looking at the core county plus others that are seeing a lot of growth.

 

In Cincys case that is Hamilton/Kenton-Campbell-Floyd + "Daytonatti" (Butler & Warren).

 

 

Surely you mean Boone and not Floyd.

Right, Boone.  Floyd County Kentucky is out in appalachia, Prestonsburg or Paintsville, I forget which.

 

 

Nice work.

 

Indy is low in finance because it lost all of its hometown banks.  Indiana long had restrictive branching laws, largely designed to keep Indy's banks bottled up in Indy.  When the laws were changed, Indy's banks were minnows and swallowed up by out of state banks rapidly.

 

It also looks like Indy is losing a few of its stand-alone law firms. Two/three have been swallowed by Cincy law firms in the last couple weeks.

Nice work.

 

Indy is low in finance because it lost all of its hometown banks

 

I was thinking more insurance, as I know Indy is an insurance center, like Columbus, so expected the numbers for this category to be somewhat equal for both cities..so seeing Cols pop up and Indy not I wonder "what's up?"...I should open up these numbers maybe to get a better comparison betw. the two.

 

Most of the insurance companies are long gone too.  However, Wellpoint is a notable exception.  Conseco is still in business too if you can believe that.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.