We’re pretty big on things in the middle, the Middle West, the middle of Ohio, etc. On October 23rd and 24th, the National Center for the Middle Market and its collaborative partners The Ohio State University’s Fisher College of Business and GE Capital will hold their annual summit here in Columbus. Here are some facts about middle-sized companies in the Columbus Region (companies with revenues more than $10 million/yr., and $1 Billion/yr.).
- The Columbus Region has 56,996 private sector establishments, of which 1,313 (2.3 percent) have middle market (between $10M and $1B) annual revenue/sales (and are not branches of $1B-plus businesses).
- Businesses in key economic sectors (logistics, manufacturing, science and technology, agribusiness, HQ and business services) comprise 18 percent of all private sector establishments in the Region. Among middle market establishments, they comprise 57 percent, a share more than three times higher.
- Logistics and manufacturing in particular have greater shares of the middle market. Thirty percent of middle market establishments are logistics, compared to just 7 percent of all establishments. Seventeen percent of middle market establishments are manufacturing, compared to 4 percent of all establishments.
- The 1,313 companies employ 127,507 people in the Region, or 15.4 percent of overall private sector employment.
- Middle market manufacturers comprise 30 percent of the Region’s manufacturing employment. Middle market logistics firms comprise 24 percent of the Region’s logistics employment.
One Columbus Update
The One Columbus team has arrived and is executing on its mission to Japan with help of some of our public and private partners. Our team has also joined JobsOhio and many of our partners from Ohio at the International Asset Management Council’s meeting in Omaha, NE. Finally, our team will be in Washington D.C. this week with the Brookings Institute launching its metropolitan export strategy with several other areas.
Let’s have a great week!