Columbus is well-known for being home to several Fortune 500 companies. Our welcoming business climate has been recognized by Forbes magazine, who named Columbus as one of the Top Cities for Business in the U.S. in 2013. Columbus was also named as one of the 50 Best Cities in America by BusinessWeek in 2013.
Lately, the Columbus housing market has been making most of the economic headlines, with positive news for both existing homeowners and Central Ohio home buyers. We’ve detailed many of these articles in our prior blog posts. There is no doubt that our strong regional economy contributes to the health of our housing market! This is why we’re sharing highlights from a recent Inc. magazine article that glimpses the near future of the Columbus economy.
According to Inc., Columbus has been quietly amassing venture capital funds that can rival most U.S. cities. This helps attract entrepreneurs and startup companies to our area. Columbus venture capital firms issued $32.8 million into local startups during the first half of 2015. Just 4 years ago, venture capital investments totaled $16.3 million for the entire year of 2011. It’s amazing to consider how quickly our venture capital resources have grown – and how much money is being invested in our economy.
Columbus also has advantages in demographics, thanks to Ohio State University. While some U.S. cities are seeing a decline in young adult population, Ohio State University attracts young talent from around the country. In 2014, OSU’s student population was just under 64,868.
Today’s students are entrepreneur-minded, and our growing venture capital resources encourage graduates to start their businesses right here. Columbus offers plenty of other reasons to stick around after graduation, such as attractive job opportunities, social and cultural opportunities, a good quality of life and affordable housing.
It should be reiterated that Columbus’s startup scene isn’t a “coming soon” teaser – it’s already here! According to Kauffman’s Startup Activity Report, Columbus ranks #12 among U.S. cities for startups, rising sharply from #22 from just a year ago. This bodes well for the long-term strength of our economy, and ongoing health of our housing market.
Ready to find your home in Columbus? As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
