Columbus Ranked 8th for Economic Growth
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The U.S. Bureau of Economic Analysis ranked Columbus, Ohio eighth for economic growth according to new data that takes a fresh look at economic output generated by individual U.S. metro areas.
Columbus came in at nearly double the national average of 1.7 percent with 3.2 percent GDP growth since 2012
“The metros where economic output grew the most are clustered along the tech hubs of California and the West, the energy centers of Texas and the Gulf Coast, and the shale gas industry hot spots of West Virginia and Ohio,” said Richard Florida in his analysis of the data on Citylab.com. ”The regions where economic growth declined (in orange) are concentrated in the South, Midwest, and Mid-Atlantic.”
As always it’s Indianapolis and Columbus bucking the trend in the Midwest with steady stable growth. Notice all of the new net leased retail and higher end residential under construction in and around Columbus recently?
Houston topped the ranking with San Jose in second. Cleveland was near the bottom of the list at 42nd, but still grew at 1/2 percent.
See below for the complete report published by www.citylab.com
