Based on this stable demand for jobs, hiring in Columbus should also expand along with the growth of a number of companies that continue to post impressive achievements. A recent report in the Columbus Dispatch noted that the region is home to approximately 40 of the nation’s top 5,000 fastest-growing companies, as determined by Inc. Magazine. Companies on the list came from a diverse range of industries, including retail, information technology, financial companies, and computer software firms.
One stand-out company is e-Cycle, which provides cellphone and tablet recycling services in preparation for resale in developing countries. In the last two years, the company jumped from number 763 to number 393 on the list. In the period between 2008 and 2011, the company’s revenue spiked by nearly 1000 percent, from $1.2 million to $12.2 million.
In addition to the company’s growth in revenue, its commitment to increasing jobs, hiring in Columbus, and contributing to the region’s economy will also pick up steam. Currently, about 100 employees work for the firm. Another 50 are expected to be hired in the first part of 2013, and plans are afoot to implement a $1.5 million investment that could create another 230 positions.
The city’s economic improvement has caught the eye of a number of other media outlets, including the New Times Magazine, which ran a feature on the success of the city and the state. Many business leaders believe much of the improvement can be traced to the type of bi-partisan cooperation modeled by Columbus. Bolstered by a mutual commitment to jobs, hiring in Columbus took off after the city’s Democratic mayor reached out to Republican businessmen to craft a pro-growth strategy that included a focus on downtown renovation, job retraining, education, and infrastructure improvements.
As the overall economic climate for the city continues to gain ground, the situation for recent college graduates should also continue to improve. With regard to college graduates and jobs, hiring in Columbus ticked upward in 2012. Unemployment for this demographic dropped to 7.2 percent in the early part of the year, well below other parts of the country and a drop of two full points over the previous year.