Columbus Global Connect is a trade and investment plan to ensure that the Columbus Region has a central place in the world economy, with strong links to both established and emerging markets.
The plan is a result of the Columbus Region’s participation in the Global Cities Initiative (GCI), a joint project of the Brookings Institution and JPMorgan Chase, and the Global Cities Exchange. GCI aims to help the leaders of metropolitan America strengthen their regional economies by becoming more competitive in the global marketplace.
Detailed market assessments for exports and Foreign Direct Investment (FDI) were conducted using data from Brookings, Columbus 2020 and other sources. That data was supplemented with information collected directly from companies in the Region, including 135 companies for the exports market assessment and 28 foreign-owned companies for the FDI market assessment.
Key Finding 1: Exports and FDI support high-quality job creation
Key Finding 2: The Columbus Region has underperformed in exports and FDI
Key Finding 3: Regional exports and FDI are concentrated by both market and industry
Key Finding 4: Mergers and acquisitions are a major source of FDI
Key Finding 5: Networks and relationships matter
Key Finding 6: Exporters and FDI companies face a range of business challenges
Key Finding 7: Fragmented service delivery limits export growth
Key Finding 8: Foreign Direct Investment often leads to exports in the long term
Key Finding 9: Companies are willing to engage around issues related to growth and competitiveness
|Become one of the top 25 metropolitan areas in export value by 2020||Increase FDI pipeline from 40 percent share of active projects to a 50 percent share by 2020|
|Generate 50 referrals annually to introduce current exporters and ready-to-export companies to export-related services||Diversify FDI from 40 percent non-Japanese share of FDI announcements|
Download the full report (PDF) for details on key findings, international business strategies and tactics, and the implementation plan.