Some Central Business District info (Columbus, Cincinnati: incomes, tax, versus)
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Columbus' GDP, pay, and housing numbers are average for the midwest despite its good population and job numbers.
Chase, AEP and abbott labs are not secure in their committment to columbus because their columbus operations are relativley small parts of larger businesses based elsewhere. Chase's columbus operation is strictly back office. It could be placed in a lot of places. As large as it is within columbus' economy, it is a small part of Chase's overall business. That is why headquarters matter. Nationwide is virtually inseperable from columbus at this point. That is a good thing for columbus, too. It's given columbus the arena district. Other columbus based companies would only do the arena district if they existed, which is my point. We can't assume other columbus based companies would exist in the place of nationwide.
Today start-ups are tommorrows fortune 500 companies. Playing the branch plan/back office game pits you against the South or even Mexico which will always win on lower costs and less regulation. I think this explain much of Columbus' underperformance in terms of wages and housing compared to its performance in population and jobs. Columbus' model shouldn't be charlotte or nashville, it should be college towns like austin or madison, WI. OSU needs to be tapped the way some other research schools are, but it largely has not been.
What agenda? I just reposted those that were mentioned on another thread. The information does not single any city out. There are strengths and weaknesses mentioned for all 3, especially when more of the original data link is given.
If you didn't have an agenda, then why didn't you post the Cincinnati stats, especially when you claim Cincy wasn't far behind in the few categories you chose to post? All you said was "not in the top 20". Don't you think people here in the Ohio section of this forum would be interested in this data, especially since you didn't provide link to this information in your original post? I especially liked how you left out every category which showed Cincinnati in a better light (thanks motorman for posting it). I guess I shouldn't be surprised, as this is consistent with almost all of your posts. Keep up the fantastic work...
Columbus' GDP, pay, and housing numbers are average for the midwest despite its good population and job numbers.
I guess you missed where I said the economy here was not perfect, but it is certainly not on the brink of disaster that you seem to desperately hope for.
Chase, AEP and abbott labs are not secure in their committment to columbus because their columbus operations are relativley small parts of larger businesses based elsewhere.
AEP is headquartered in Columbus. The other two continue to grow in presence. Not that any of this changes your agenda.
Chase's columbus operation is strictly back office. It could be placed in a lot of places. As large as it is within columbus' economy, it is a small part of Chase's overall business.
It's the 2nd largest national operation with the company outside of its NYC headquarters. You say that it could be located anywhere...okay, so why did they choose Columbus specifically? And why do they keep adding jobs? Their Polaris complex is already completely full, so they expanded in Gahanna and Columbus and are still looking to fill at least 200 more positions. Why, Matt, if they can do this anywhere, are they doing it here? Do companies like Chase merely throw a dart on a map, or don't you believe they do any research on location before expansion?
That is why headquarters matter. Nationwide is virtually inseperable from columbus at this point. That is a good thing for columbus, too. It's given columbus the arena district. Other columbus based companies would only do the arena district if they existed, which is my point. We can't assume other columbus based companies would exist in the place of nationwide.
You have made many assumptions, so why couldn't you assume that another company would exist if one did not?
Today start-ups are tommorrows fortune 500 companies. Playing the branch plan/back office game pits you against the South or even Mexico which will always win on lower costs and less regulation. I think this explain much of Columbus' underperformance in terms of wages and housing compared to its performance in population and jobs. Columbus' model shouldn't be charlotte or nashville, it should be college towns like austin or madison, WI. OSU needs to be tapped the way some other research schools are, but it largely has not been.
What are we basing the so-called "underperformance" of wages and housing against? Cost of living is low in Ohio, but even so, Columbus still has the highest per-capita income in the state's cities. Columbus' housing prices have not fallen nearly as far as other areas of the state and nationally. There are weaknesses, but you constantly make them out to be the next death knell. And you have got to be kidding to suggest that OSU is largely ignored here. You really stretch your credibility.
If you didn't have an agenda, then why didn't you post the Cincinnati stats, especially when you claim Cincy wasn't far behind in the few categories you chose to post? All you said was "not in the top 20". Don't you think people here in the Ohio section of this forum would be interested in this data, especially since you didn't provide link to this information in your original post? I especially liked how you left out every category which showed Cincinnati in a better light (thanks motorman for posting it). I guess I shouldn't be surprised, as this is consistent with almost all of your posts. Keep up the fantastic work...
I didn't post them in the original post because they had not been listed on the post I got them from. The post I got them from only listed top 20 and Cincinnati was not on those lists. I later looked up the link to the information, but didn't add more info here. And I don't post many stats here for the simple fact that I get posts like yours, completely going nuts over anything I may have left out or said about them. So no, I don't particularly think people in the Ohio forum are interested in data, and I believe me, I regret doing so.
I didn't post them in the original post because they had not been listed on the post I got them from. The post I got them from only listed top 20 and Cincinnati was not on those lists. I later looked up the link to the information, but didn't add more info here. And I don't post many stats here for the simple fact that I get posts like yours, completely going nuts over anything I may have left out or said about them. So no, I don't particularly think people in the Ohio forum are interested in data, and I believe me, I regret doing so.
I didn't mean to come off as going nuts. I apologize. I just hate when stats lead people to come to the complete wrong conclusion about something. Oh well, I guess that's life.
...I just hate when stats lead people to come to the complete wrong conclusion about something. Oh well, I guess that's life.
Totally agree, CinciFan. When Ohio's CBDs are contrasted, an observer might be surprised to realize that, in land area, the Columbus CBD (2.47 sq. miles) is almost 3 and 1/2 times larger than the Cincinnati CBD (0.71 sq. miles), while the Cleveland CBD (1.54 sq. miles) is almost 2 and 1/5 times larger. In relation to productivity and robustness of these three major Ohio CBDs, this comparison should be very revealing. (BTW, this survey omits the vibrant NKY region altogether.)
I didn't mean to come off as going nuts. I apologize. I just hate when stats lead people to come to the complete wrong conclusion about something. Oh well, I guess that's life.
That's just it. People should not take stats as a negative, even when they appear to be. They measure only one aspect of a city, not all, and they are not meant to condemn a certain place. Also, if anything, we should be highlighting our weaknesses so that they can be addressed and fixed. Cincinnati is not a bad city in the overall picture, and what problems exist there, imo, are improving.
Totally agree, CinciFan. When Ohio's CBDs are contrasted, an observer might be surprised to realize that, in land area, the Columbus CBD (2.47 sq. miles) is almost 3 and 1/2 times larger than the Cincinnati CBD (0.71 sq. miles), while the Cleveland CBD (1.54 sq. miles) is almost 2 and 1/5 times larger. In relation to productivity and robustness of these three major Ohio CBDs, this comparison should be very revealing. (BTW, this survey omits the vibrant NKY region altogether.)
The CBD is a very small portion of any city. A very important one, but still small. I actually think the large size of Columbus' CBD is a disadvantage, as it makes it feel more spread out and there is quite a bit more revitalization that needs to take place to get it back to where it used to be.
The biggest surprise in the Ohio housing situation for me is that Columbus' foreclosures numbers and house price falls have been no better than Cincinnati's despite having a 50% greater job and population growth in the same period. Why isn't this increase in population in Columbus filtering into its housing market? Columbus is also the only MSA in ohio that has had declining income and gdp per capita. I think that these suggest that columbus is competing more on price than on innovation. That is a shame because all the knowledge connected to OSU gives Columbus the chance to be the austin of the midwest.
If other home grown companies might have existed in columbus, the fact that they don't can't be easily dismissed. Things happen for reasons. A lack of entreprenurialism or an unwillingness of many to start businesses in Columbus is an issue that is worth exploring. If this could be changed, columbus could become a center of activity instead of a cost-cutting move by outside businesses. That would be good for all of Ohio, not just Columbus.
Last edited by Matthew Hall; 01-09-2012 at 11:06 AM..
The biggest surprise in the Ohio housing situation for me is that Columbus' foreclosures numbers and house price falls have been no better than Cincinnati's despite having a 50% greater job and population growth in the same period. Why isn't this increase in population in Columbus filtering into its housing market? Columbus is also the only MSA in ohio that has had declining income and gdp per capita. I think that these suggest that columbus is competing more on price than on innovation. That is a shame because all the knowledge connected to OSU gives Columbus the chance to be the austin of the midwest.
If other home grown companies might have existed in columbus, the fact that they don't can't be easily dismissed. Things happen for reasons. A lack of entreprenurialism or an unwillingness of many to start businesses in Columbus is an issue that is worth exploring. If this could be changed, columbus could become a center of activity instead of a cost-cutting move by outside businesses. That would be good for all of Ohio, not just Columbus.
First, most of your information, as usual, seems incorrect from what I have seen. Second, what does any of this have to do with the CBD? If you want to start a housing thread or one on how much you think Columbus sucks, you're more than welcome, but your ongoing personal agenda here is off-topic.
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