By finding an appropriate loan, your business can focus on improving itself through available resources. When it comes to employees, there are multiple reasons the coming year will bring strong gains, at least in Columbus, according to Bill LaFayette, an economist. He believes that the central Ohio area will increase its number of jobs by 2.2 percent, compared to the 1.8 percent forecast for the entire country.
The Columbus Dispatch listed LaFayette's breakdown of job growth by industry, with more than 6,000 jobs coming to the health care sector. Construction employers will add around 1,300 jobs, continuing what the economist refers to as a "streak" lasting more than five years.
LaFayette isn't the only one being optimistic. The Ohio Department of Job and Family Services expect 455,000 new jobs by 2022, as part of a track of growth predicted to start in 2012. An outlook document from the source shows individual and family services as the industry group with the fastest rate of job growth, with home health care services close behind.
What are some of the possible reasons behind for these high numbers? Here are a few of the factors influencing employment growth that small business owners should be aware of:
- Government analytics: The Governor's Office of Workforce Transformation uses a "statewide jobs forecasting tool" to help better match the employment needs of companies within the state. According to this source, head companies within the nine "industry clusters" in the state, including advanced manufacturing, information technology and financial services, will use the tool.
- Self-employment: The Job and Family Services forecast document predicts a 3.3 growth rate for this group of workers, which translates to 9,300 jobs over a 10-year period. This adds to the number of traditional employees and signifies alternatives to the traditional job path. Nearly 98 percent of door-to-door sales workers were found to be self-employed in 2012, along with the majority of barbers, authors, construction managers and real estate sales agents.
- Services over goods: While the same source sees growth for both the goods-producing and services-providing companies in the future, the latter shows a significantly higher possible growth rate, with 426,200 jobs coming to these sorts of businesses by 2022. Comparatively, goods-producing businesses will see 19,500 jobs added during this period.
Earlier this month, Julie Metzger, supervisor of Muskingum County, referred to the kinds of jobs available for residents of southeast Ohio.
"The jobs that are out there now are more high paying jobs," she said, as WHIZ News reported. "They're not your entry level. They do require a little bit more experience with those but they are good paying jobs that you could raise your family on and be self sufficient."
Your venture can get closer to obtaining small business loans with professional guidance from Growth Capital Corporation. Our website offers multiple loan types to benefit owners and their businesses.