Columbus 2020 and the Ohio Development Services Agency held a special Columbus 2020 Investor Update where Columbus Global Connect, the Columbus Region's global trade and investment strategy, was unveiled. Brad McDearman, fellow and director of global special projects at the Brookings Institution, presented on the Global Cities Initiative.

1. Columbus Global Connect Release
January 29, 2015

2. 79%
share of global economic growth
occurring outside the U.S., 2013-2018
The Bulk of Economic Growth is Occurring Outside the U.S.
Source: World Economic Outlook, International Monetary Fund, 2014

3. Global Middle Class - 2009 | Share of Global Totals
18%North America
36%Europe
28%Asia Pacific
Source: Kharas and Gertz, “The New Global Middle Class,” 2010

4. Global Middle Class - 2030 | Share of Global Totals
7%North America
14%Europe
66%Asia Pacific
Source: Kharas and Gertz, “The New Global Middle Class,” 2010

5. Population
66%
Land Area
12%
Exports
65%
FDI Jobs
74%
Top 100 Metros
Share of U.S. Totals
Patents
78% 94%
Venture
Capital
College
Degrees
74%
Metros Are the Market
Source: Census, Brookings

6. 2013
11.7%
2003
7.8%
U.S. Export Share of GDP
2%
67%
share of exporters
Large Firms
(500+ Employees)
share of export value
The U.S. Is Increasingly Export-Oriented, but Large Firms Dominate
Exports Share of Top 100
Metro GDP Growth
(2009-2012)
54%
Source: Brookings, Census

7. Though Volatile, Global Investment Flows Are Growing
1984 1999 2012
FDI Flows (Capital Investment)
1980-2012
$2 trillion
$1 trillion
Global
U.S.
Source: UNCTAD

8. The U.S. Is Capturing a Smaller Share of Global Investment
12 percent
26 percent
45 percent
1984 1999 2012
U.S. Share of Global FDI (Capital Investment)
1980-2012
Source: UNCTAD

9. FDI Bolsters Exports and Innovation
U.S.
Manufacturing
Exports
U.S.
Manufacturing
Employment
2%
20%
Foreign-Owned Firms
Goods-Producing Industries, 2011
U.S.
Corporate R&D
U.S.
Employment
5%
19%
Foreign-Owned Firms
2011
Source: Brookings, Metro FDI, 2014; Bureau of Economic Analysis

10. Alternate Forms of FDI Need to Be Managed and Mainstreamed
FDI Capital Inflows
1992-2008
87%
M&A
13%
Greenfield
Acquired in 2007; added jobs and
made a global research hub
Maintains manufacturing and R&D
facilities in MD
M&A: MedImmune
Montgomery County, MD
Investors searching for opportunities in
real estate, firms, public assets
How to manage, organize, discern which
opportunities are legitimate?
Private Investment: Seattle-China
Private
Investment
Sovereign Wealth
Funds
EB-5 Immigrant
Investor Visa
Infrastructure
Source: Brookings, Metro FDI, 2014; Bureau of Economic Analysis

11. Goal:
Catalyze a shift in economic growth policy and practice that results in more globally
competitive metropolitan areas, positioning them for high-quality growth and better
jobs for more workers in the 21st century economy.
1. Research 2. Convenings 3. Exchange
GLOBAL CITIES INITIATIVE
A Joint Project of Brookings and JPMorgan Chase

12. The Exchange Is 28 U.S. Metros at the Vanguard of Global Engagement
Exports:
New Cohort
Baltimore
Fresno
Houston
Kansas City
Philadelphia
Salt Lake
Seattle
St. Louis
Exports:
Current
Atlanta
Charleston
Chicago
Columbus
Des Moines
Indianapolis
Jacksonville
Louisville-Lexington
Los Angeles
Milwaukee
Mpls-St. Paul
Phoenix
Portland
Sacramento
San Antonio
San Diego
Syracuse
Tampa Bay
Upstate SC
Wichita
Columbus
Mpls-St. Paul
Portland
San Antonio
San Diego
Seattle
FDI Pilot

13. Key Takeaways from Global Trade and Investment Plans
Specializations with Global Reach
Clusters, talent, innovation, assets, connections
M&A Matters
Majority of FDI, brings knowledge, cash infusion, export channels
Retention And Expansion Is Critical
Understand and support the needs of existing firms
Middle Market Is the Sweet Spot
Target threshold firms and under-exporters
Global Needs to Be a Mainstream Priority
Long-term commitment from central players, part of every day practice

14. Columbus Global Connect Release
January 29, 2015