ECONOMIC ANALYSIS OF KEY PRESIDENTIAL ELECTION ISSUES: THE COLUMBUS - - PowerPoint PPT Presentation
ECONOMIC ANALYSIS OF KEY PRESIDENTIAL ELECTION ISSUES: THE COLUMBUS REGION ECONOMIC PERSPECTIVE Jung Kim | Columbus 2020 3 October 2016 ABOUT COLUMBUS 2020 Economic development organization for the 11-county Columbus Region Network of
a business location
500,000 1,000,000 1,500,000 2,000,000 2,500,000 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 $ million Source: Census Bureau
50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $ million
Source: Bureau of Economic Analysis Note: Net FDI equals greenfield investment and acquisitions minus closures and dispositions back to domestic ownership.
Source: Brookings Institution
2,000 4,000 6,000 8,000 10,000 12,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $ million
Goods Services
Columbus Region export value (2015 USD)
Source: Brookings Institution
10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Columbus Region jobs supported by export activity
Source: Brookings Institution
2,269 993 867 833 673 567 520 404 382 362
Transportation Equipment Financial Services Chemical Manufacturing Machinery Manufacturing Travel & Tourism Royalties Tech Sector Food Manufacturing Freight & Heavy Industry Electrical Equipment & Appliances
Top 10 industries by export sales ($M)
Source: Columbus 2020
130 53 51 41 28 27 69 24 28
Japan United Kingdom Canada Germany France Switzerland Other Europe Other Asia Other
Columbus Region firms by foreign HQ country
Source: Columbus 2020
International projects comprise about half of our active attraction projects. 74% of FDI projects announced from 2011 to 2016 YTD (August) are manufacturing or science/ technology, versus 45% of domestic projects. Columbus 2020 attraction projects pipeline
0% 10% 20% 30% 40% 50% 60% 70% 80% Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16
International Domestic
Columbus-based pharma acquired as pure generic play in 1978. Now ~1,200 employees in Columbus Region. Columbus-based company acquired in 1980s and consolidated with 6 other U.S. acquisitions. Now a major 3PL HQ with ~2,000 employees in Region.
Source: Brookings Institution
From 1991 to 2011, M&A represented 58% of the Columbus Region’s employment growth in foreign-owned firms
20,000 30,000 40,000 50,000
Employment by entry year of foreign-owned establishment
Apparel Imports support thousands of HQ, office, IT and logistics jobs in the Columbus Region
Automotive Parts can cross national borders within and outside NAFTA multiple times for cars assembled here or elsewhere
Auto parts manufacturing value added per worker
$134,235 $21,362 $18,972 $19,120 $22,682 $20,722 $24,519 $27,481 $18,671 $19,110
Ohio México (nation) Chihuahua Coahuila Guanajuato Jalisco México (state) Nuevo León Querétaro San Luis Potosí
Sources: 2013 data from the U.S. Census Bureau, 2013 Annual Survey of Manufactures and Instituto Nacional de Estadística y Geografía, Censos Económicos 2014
Multinational manufacturing companies hire an extra 250 U.S. workers for every 100 employees they bring on in Mexico. (Source: Peterson Institute) Automation manager at Wisconsin plant who started career at $5.50/hour: “The robots do my [old] job, and I am managing people that manage them.”
http://www.latimes.com/projects/la-fi-manufacturing- boom-mexico/#nt=oft07a-3gp1
U.S.-born Foreign-born Under 5 years 5 to 17 years 18 to 24 years 25 to 44 years 45 to 54 years 55 to 64 years 65 to 74 years 75 years and over
Age by nativity, Columbus MSA
Source: Census Bureau, American Community Survey 2015
63% of foreign-born residents in the Columbus metro are of prime working age (age 25 to 54), compared to 41% of their U.S. born counterparts
Entrepreneurship
Income range by nativity
Source: Census Bureau, American Community Survey 2015 0% 5% 10% 15% 20% 25% 30% <$25K $25-35K $35-50K >$50K
U.S.-born Foreign-born
0% 5% 10% 15% 20% 25% 30% Less than high school graduate High school graduate (includes equivalency) Some college
degree Bachelor's degree Graduate or professional degree
U.S.-born Foreign-born
Educational attainment by nativity, adults age 25+
Source: Census Bureau, American Community Survey 2015
14% 22% 31% 24% 14%
0% 5% 10% 15% 20% 25% 30% 35% U.S.-born All Entered U.S. 2010 or later Entered U.S. 2000 to 2009 Entered U.S. before 2000
Foreign-born
Poverty rate by nativity, year of entry into U.S.
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