An upbeat report on jobs has been released by Columbus 2020 in central Ohio, U.S.A. The report shows that companies in the region are adding jobs at more than three times the state and national rate.
The 11 county region, which is served by the economic development agency, Columbus 2020, added 15,600 jobs from April 1 through June 30, a gain of 1.6 per cent. For the same period, job growth for the state was 0.5 per cent and for the nation was 0.4 per cent.
The region now has a record 967,700 jobs.
The growth reflects the culmination of projects that have been in the project pipeline during the past couple of years. The report shows that there were 38 projects announced in the first half of the year that were creating or retaining 5,438 jobs. The pipeline of projects also is on the rise, in particular in science and technology, a sector in which there were a record 32 projects in the works as of June, Columbus 2020 said.
The Columbus Region is a thriving location with 2 million people and a population growth rate of 1.3 per cent annually which makes it one of the fastest growing major metropolitan areas in the Midwest US.
Columbus itself is the largest city in Ohio, the 15th largest city in the U.S. and is located at the heart of the largest concentration of population and economic activity in North America. The Columbus Metropolitan Area spans 4,000 square miles.
The Columbus Region has diversified economic sectors where no single major industry sector represents more than 17 per cent of employment. Finance and insurance, advanced manufacturing, health, logistics and other industries are complemented by the presence of The Ohio State University and the state capital.
In the past decade, the fastest growing sectors have been education and health (+41 per cent) and transportation and utilities (+26 per cent). Continued investment in the Rickenbacker Global Logistics Park and other areas of the Region's logistics sector has been a major factor in the growth of transportation and utilities.