Author Topic: Ohio: General Business & Economic News  (Read 37221 times)

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Offline surfohio

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Re: Ohio: General Business & Economic News
« Reply #1110 on: March 12, 2018, 04:54:28 PM »

Offline taestell

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Re: Ohio: General Business & Economic News
« Reply #1111 on: March 12, 2018, 07:21:50 PM »
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.

Offline BigDipper 80

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Re: Ohio: General Business & Economic News
« Reply #1112 on: March 12, 2018, 08:37:52 PM »
^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.”

Offline jmecklenborg

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Re: Ohio: General Business & Economic News
« Reply #1113 on: March 12, 2018, 08:47:37 PM »
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?   

Offline jeremyck01

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Re: Ohio: General Business & Economic News
« Reply #1114 on: March 12, 2018, 11:29:20 PM »
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.

Offline BigDipper 80

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Re: Ohio: General Business & Economic News
« Reply #1115 on: March 12, 2018, 11:41:46 PM »
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.”

Offline KJP

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Re: Ohio: General Business & Economic News
« Reply #1116 on: March 13, 2018, 01:05:52 AM »
^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.
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Offline E Rocc

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Re: Ohio: General Business & Economic News
« Reply #1117 on: March 13, 2018, 01:55:04 PM »
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.

Offline aderwent

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Re: Ohio: General Business & Economic News
« Reply #1118 on: March 13, 2018, 07:21:14 PM »
“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

Offline jeremyck01

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Re: Ohio: General Business & Economic News
« Reply #1119 on: March 13, 2018, 10:51:39 PM »
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.

Offline aderwent

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Re: Ohio: General Business & Economic News
« Reply #1120 on: March 14, 2018, 01:19:51 PM »
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

Offline Pugu

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Re: Ohio: General Business & Economic News
« Reply #1121 on: March 14, 2018, 02:04:37 PM »
^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.

Offline GCrites80s

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Re: Ohio: General Business & Economic News
« Reply #1122 on: March 14, 2018, 02:58:25 PM »
Columbus would probably does worse if the whole MSA is included since Fairfield, Madison, Pickaway and Morrow counties aren't seeing much action.

Offline aderwent

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Re: Ohio: General Business & Economic News
« Reply #1123 on: March 14, 2018, 03:31:27 PM »
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

Offline Pugu

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Re: Ohio: General Business & Economic News
« Reply #1124 on: March 14, 2018, 03:39:04 PM »
^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

Offline 327

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Re: Ohio: General Business & Economic News
« Reply #1125 on: March 14, 2018, 03:56:19 PM »
^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?

Offline jmecklenborg

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Re: Ohio: General Business & Economic News
« Reply #1126 on: March 14, 2018, 03:59:55 PM »
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. 

Offline aderwent

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Re: Ohio: General Business & Economic News
« Reply #1127 on: March 14, 2018, 04:23:04 PM »
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.

Offline jmecklenborg

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Re: Ohio: General Business & Economic News
« Reply #1128 on: March 14, 2018, 07:10:58 PM »
^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. 


Offline GCrites80s

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Re: Ohio: General Business & Economic News
« Reply #1129 on: March 14, 2018, 07:39:42 PM »
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.

Offline X

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Re: Ohio: General Business & Economic News
« Reply #1130 on: March 14, 2018, 07:41:53 PM »
I'm a little surprised they don't include business parks and spec construction.

Offline jmecklenborg

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Re: Ohio: General Business & Economic News
« Reply #1131 on: March 14, 2018, 08:03:25 PM »
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. 







Offline Larry1962

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Re: Ohio: General Business & Economic News
« Reply #1132 on: March 15, 2018, 04:17:03 PM »
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
« Last Edit: March 15, 2018, 04:20:43 PM by Larry1962 »

Offline eastvillagedon

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Re: Ohio: General Business & Economic News
« Reply #1133 on: March 15, 2018, 04:24:17 PM »
^ha ha. I just knew Lake Co. had to be on the list

Offline GCrites80s

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Re: Ohio: General Business & Economic News
« Reply #1134 on: March 15, 2018, 04:29:54 PM »
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.

Offline subocincy

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Re: Ohio: General Business & Economic News
« Reply #1135 on: March 20, 2018, 09:22:18 AM »
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.




Offline jmecklenborg

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Re: Ohio: General Business & Economic News
« Reply #1136 on: March 21, 2018, 07:55:53 PM »
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. 

Offline KJP

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Re: Ohio: General Business & Economic News
« Reply #1137 on: April 01, 2018, 01:35:58 AM »
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
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Offline Matthew67

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Re: Ohio: General Business & Economic News
« Reply #1138 on: April 01, 2018, 12:09:45 PM »
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.

Offline X

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Re: Ohio: General Business & Economic News
« Reply #1139 on: April 01, 2018, 02:41:26 PM »
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.