Joe Burrow’s Influence on Cincinnati Is Bigger Than Football
Heisman-winner and National Champion Joe Burrow was the No. 1 overall draft pick in the 2020 NFL draft by the Cincinnati Bengals. The team’s hope is for Joe to rejuvenate the Bengals and bring fresh life to the organization. Considering the Bengals haven’t had a playoff game win since January of 1991 or a consensus franchise quarterback since
Andy Dalton Carson Palmer, the pick was not much of a surprise.
Burrow comes in at an important time for both the Bengals and the state of Ohio. For one, he’s an Ohio native from Athens. He’s also considered one of the more dynamic quarterbacks to enter the league, bringing a welcome jolt of energy to the team and the state. It might sound silly, but the influence a star athlete has on a city or state can bring about a huge change for the local economy and community. Just look at Lebron’s influence in Cleveland, when he took his talents to Miami and left Cleveland in the summer of 2010. The Cavaliers franchise value, according to Forbes, dropped from $476 million to $355 million in a single year.
Burrow will have some big shoes to fill, but if he plays like he did at LSU, the Bengals and Ohio should be in for a ride.
A Fresh Jolt of Energy for Ohio
This influx of young energy comes at a time when Ohio is also seeing a resurgence of youthful innovators from companies establishing their bases in the state. Over the past few years, there has been an increase in tech and startup companies moving to Ohio. Reaping the benefits of affordable real estate, it’s no surprise why companies are choosing to move to the Buckeye state. Cities like Columbus are among some of the top cities for startups and tech companies alike, ushering in a new demographic.
The majority of the country has forgotten or doesn’t pay much attention to states in the Midwest though some will argue that Ohio has always been a great hub for businesses.
“Ohio never left,” says venture capitalist Mark Kvamme, whose Columbus-based Drive Capital fundraised the second largest inaugural round of venture capital ever in 2013 ($250 million), betting on the Midwest’s frothing start-up ecosystem. “People just stopped paying attention.”
And he’s right. The Midwest, more specifically Ohio, has made a remarkable transition over the years to cater to its growing workforce.
“The Midwest and Ohio in particular has always had three things going for it in terms of business climate: a cheap, close supply of energy, access to transportation, and a highly trained workforce,” says Kvamme. “And Ohio has never lost (those) critical assets despite the transition from the Industrial Age to the Digital Age.”
According to the Census Bureau, Columbus metro is currently the 14th largest city by population––narrowly beating out San Francisco. Ohio’s capital city is now home to 892,000+ people and is considered to be one of the hottest markets in the country.
The expanding opportunities in Ohio will present an amazing chance for both new agents and real estate veterans to capitalize on their careers. Channel that inner Burrow energy this season and be the best real estate agent you can, not only for yourself, but also your Buckeye community.
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