Columbus, OH probably isn’t the first city you think of when you consider top Midwest cities for business. Chicago, Detroit, Cleveland, Milwaukee, and Indianapolis are all probably more well known destinations, however Columbus may be joining them soon. Home of Ohio State University, the “Columbus metro area ranked in the top 15 nationally for start-up activity on the Kauffman Foundation’s 2015 and 2016 start-up indexes, with nearly 72 start-ups for every 1,000 businesses in the area.”
To add to this ranking, funding opportunities are now hitting an all time high. Rev1 Ventures (formerly TechColumbus) has teamed with “Ohio State University, Nationwide Mutual Insurance Co., Cardinal Health, Worthington Industries and The Columbus Foundation” to raise $22 million for seed-stage city startups. This is another boon for a state that saw “venture capital investments in Ohio start-ups hit $373 million in 2015, up 16 percent from the year prior”. Columbus also offers a robust loan program leveraging $7.7 million in 2016 so far.
Housing a wide range of industries, from retail to food and beverage to technology, Columbus has redefined itself. If someone is looking for a destination in the Midwest, they may want to check out Columbus, a city seemingly setting a new trend for small business opportunities.