“There is more latent value in the Midwest than anywhere else on earth.”
-Andy Jenks, Partner, Drive Capital
The Midwest is often caricatured as the humble heartland of America or a struggling region wishing for a bygone era as an economic power. The Midwest of today is neither. In fact, the Midwest of today is full of high-performing metro areas, dynamic startup environments, common sense economic policy and some of the greatest universities in the world.
Business has taken notice. Silicon Valley and foreign-owned companies are investing billions in Midwestern states and entrepreneurs are taking advantage of a growing ability to access venture capital. Investments made by Facebook, Sofidel and Drive Capital are just a few examples of this in action. Local and state governments are building infrastructure that will enable smart city technologies and healthier, more accessible cities, with Columbus at the forefront.
Citizens have taken notice. College graduates are staying in the Midwest to launch careers, skilled workers are returning to raise their families, and entrepreneurs and artists are bringing neighborhoods and downtown districts to life.
We have work to do in the Midwest to leverage terrific assets and the enormous GDP that the region represents. We can do more to create awareness of these assets so that more students, skilled workers and immigrants choose the Midwest to launch and accelerate their careers, build wealth and reinvest in their communities. We can continue to host companies and visitors from around the world to build understanding beyond the caricatures and economic nostalgia.
Six incredible stats about the Midwest:
And, in the recently announced top 25 cities for jobs, it’s Midwestern cities that lead the list, with Ohio’s three Cs – Columbus, Cincinnati and Cleveland – all appearing the top 10.