2012 ANNUAL REPORT 2012 - Columbus Partnership · 2012 ANNUAL REPORT Marketing and Promotion ......
Transcript of 2012 ANNUAL REPORT 2012 - Columbus Partnership · 2012 ANNUAL REPORT Marketing and Promotion ......
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TAbLE Of CONTENTs
2012 in review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Activities driving results . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
Progress towards goals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
Public-private partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Awards and accolades . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Regional successes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Telling our story across the globe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Statement of cash flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Statement of financial position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Statement of activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Columbus 2020 team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Columbus 2020 board of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
2012 ANNUAL REPORT
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2012 IN REVIEW
We’ve always known that the Columbus Region is special . Now the rest of the world is starting to understand why .
2012 was a good year for our region and thousands of citizens who had the opportunity to return to work, start
a business or expand their existing operation .
Success touched each of our key economic sectors and the result is a continued march upward toward our
10-year goals . Whether a new company joins our ranks or an existing company grows, opportunities are generated
for individuals and families . Last year, more than 100 companies made the positive decision to add jobs, invest in
our region and grow within one of our communities .
We’re keeping score and so is the nation . The Columbus Region is one of the top 10 metros in the country for the
first time in many years due to our growth . Recognition like that belongs to the job creators first, and secondly to
the private and public investors of Columbus 2020 . Without them, we would be passively awaiting what’s next,
instead of boldly claiming our preferred future .
Our commitment is to continue serving growing businesses while adjusting our tactics to fit each year’s challenges
and opportunities . The vitality of our region depends on it, and we are honored to rise to the challenge .
Sincerely,
Kenny McDonald
Chief Economic Officer
Columbus 2020
2012 ANNUAL REPORT
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ACTIVITIEs DRIVING REsULTs
sUCCEss
Discover Financial Services will add a $76 million data center and create 162 permanent new jobs at its campus in New Albany .
sTORY
2012 ANNUAL REPORT
Marketing and Promotion - the multifaceted marketing strategy of Columbus 2020 garnered more than 200 million impressions and a 400 percent increase in website traffic . Key initiatives included a print and digital advertising campaign, national and international media relations, inbound media tours, and advertising and branding at key locations such as Port Columbus International Airport .
Global Outreach - Columbus 2020 executed 56 business development missions in more than 20 states and six international markets . These missions focused on meeting face-to-face with hundreds of prospective companies, site location advisors and other project influencers .
Existing Industry Outreach - Columbus 2020 and our regional economic development partners executed 455 visits with companies that have operations in the Columbus Region . These visits focused on identifying risks and opportunities with economic base companies .
focus on High-Growth Companies - Columbus 2020 and TechColumbus have partnered to design and execute a one-of-a-kind program called First Customer . Twenty-three companies presented to the steering committee, and a handful of these companies won meaningful contracts with local institutions . Growth and development of these young companies has been accelerated .
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ACTIVITIEs DRIVING REsULTs
2012 ANNUAL REPORT
Project Management - the Columbus Region’s business development activities led to the identification and qualification of more than 250 projects managed by the Columbus 2020 team . A total of 111 companies announced new locations, expansions or retentions through December .
Convening of Industry Leaders - Columbus 2020 and its partners at the Columbus Chamber of Commerce, the Mid-Ohio Development Exchange and the Columbus Partnership held dozens of meetings with public and private sector leaders to better understand the opportunities and challenges presented by the economy . The Franklin County Retail Summit was one such event, as was the Economic Development 411 meeting, which brought nearly 400 stakeholders together to discuss the economic future of the Region .
EDA Designation - Columbus 2020 coordinated with groups across the 11-county area to develop a Comprehensive Economic Development Strategy that has been submitted and approved by the Economic Development Administration .
brookings Metropolitan Export Initiative - Columbus was selected to be one of eight regions in the United States that has the opportunity to work with The Brookings Institution to build a metropolitan export strategy, an important part of our regional economy .
IBM will create 500 high-tech jobs over the next three years with the opening of its Analytics Solutions Lab, positioning Columbus as a national and international center for big-data analytics .
sUCCEss sTORY
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PROGREss TOWARDs GOALs
Source: Columbus 2020, 2011–2012; Ohio Private Investment Survey 2012, Ohio Department of Development
CAPITAL INVESTMENT
ANNOUNCED GOAL
$8
BIL
LIO
N
$3
.15
BIL
LIO
N
39
.5%
of
go
al
0
1
2
3
4
5
6
7
8
9
NEW JOBS
NEW JOBS GOAL
150
,00
0
45
,78
9
30
.5%
of
go
al
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
0
AGC Glass Company North America, Inc ., a glass manufacturer and supplier, plans to create 100 jobs and invest $28 .75 million as it expands its facility in Bellefontaine, northwest of Marysville .
sUCCEss sTORY
Source: Columbus 2020, 2011–2012; Ohio Private Investment Survey 2012, Ohio Department of Development
CAPITAL INVESTMENT
ANNOUNCED GOAL
$8
BIL
LIO
N
$3
.15
BIL
LIO
N
39
.5%
of
go
al
0
1
2
3
4
5
6
7
8
9
NEW JOBS
NEW JOBS GOAL
150
,00
0
45
,78
9
30
.5%
of
go
al
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
0
CAPITAL INVEsTMENT NEW JObs
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sUCCEss
In a move to expand its presence in the Columbus Region, DSW Inc . will extend its 65 percent Job Creation Tax Credit for another four years, adding 200 additional jobs in Central Ohio .
sTORY
2012 ANNUAL REPORT
$37,688 $39,549
$48,995$50,791
$43,576
$56,329
2010 2011 GOAL 2012 JOBSCREATED
NEW
2012 JOBSCREATEDEXISTING
2012 JOBSRETAINED
Average annual salary of all jobs created or retained in 2012 is $53,391 =41 percent higher than the 2010 baseline
PER CAPITA INCOME
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Average annual salary of all jobs created or retained in 2012 is $53,391 = 41 percent higher than the 2010 baseline
PER CAPITA INCOME
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PUbLIC-PRIVATE PARTNERsHIP• Private Investment – Columbus 2020 ended 2012 with more than 250 regional private
sector companies that invest over $3 .8 million dollars annually .
• Public Investment – Columbus 2020 has more than 30 public sector investors from throughout the 11-county Columbus Region .
• JobsOhio Network Grant – Columbus 2020 is the recipient of a grant from the State of Ohio’s Third Frontier program to help leverage local public-private investment . The JobsOhio Network consists of five additional regional organizations that create a statewide network that helps to align the entire State of Ohio’s economic development efforts .
2012 ANNUAL REPORT
AWARDs AND ACCOLADEs• Ohio Economic Development Association 2012 Excellence in Economic Development Innovation
• Ohio Economic Development Association 2012 Excellence in Economic Development Marketing
• Atlas Advertising - 2012 Silver Medal, “Best of the Best” Economic Development Organization
• TIME - In an article titled “The Columbus Comeback,” the Columbus Region’s success was highlighted and noted as a model of what an economy can do
• The Brookings Institution MetroMonitor - America’s Economically Strongest Metro Areas
• New Geography - 2012 Best Cities for Job Growth
• On Numbers Economic Index - Top 10 Strongest U .S . Economies
• Site Selection Magazine - Top 10 Metro in the U .S .
• fDi Magazine - Top Ten in the World for Overall Digital Marketing Strategy
sUCCEss
VSP is the national leader in vision and eye care benefits offering vision insurance and plans for individuals and businesses . Growing their presence in the Columbus Region, 100 new jobs will be split between the Eastern Operations Center at Easton and the optical lab at Rickenbacker .
sTORY
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REGIONAL sUCCEssEs
2012 ANNUAL REPORT
Access America TransportAcuSport CorporationAdvanced Medical Supply Inc .AGC Glass Company North America, Inc .Aleris International, Inc .Allied Mineral Products, Inc .American School of TechnologyAriel CorporationArminak & Associates, LLCAscena Retail Group, Inc .ASK Chemicals LPAutotool, Inc .Banner Metals Group, Inc .Bare Escentuals Beauty, Inc .Big Lots Stores, Inc .Boehringer Ingelheim Roxane, Inc .BoeingCallCopy, Inc .Capital City MillworkCardington Yutaka Technologies, Inc .Citi Fund Services Ohio, Inc .Cleverley + AssociatesClosed Loop Refining & Recovery, Inc .ContactUS LLCDawson ResourcesDelaware Art .com, Inc .Discover Financial Services, Inc .DSW Inc .e-Cycle LLCExel Inc .FIMM USA Inc .Florida Production Engineering, Inc .Food Safety Net ServicesFT Precision Inc .Graphic Packaging InternationalHMB
HFI, LLCHonda of America Mfg ., Inc .Howard HannaHubbard Enterprises LLCHumanaIBMIMS Electronics Recycling LLCITM Marketing, Inc .Jifiti Inc .JPMorgan Chase & Co .King Strategic CommunicationsLa Senza, Inc .Lancaster PollardLincare Inc .Magnanni, Inc .Manifold & Phalor, Inc .Marcy IndustriesMarengo Fabricated Steel, LTD .Marion Industrial CenterMenlo Worldwide Logistics Metro CD Engineering, LLCMidland Facility ServicesMSC Industrial Direct Co ., Inc .Nationwide Mutual Insurance CompanyNestle USANiagara Bottling, LLCOrange Barrel MediaOxford Consulting Group, Inc .Pacer International, Inc .PACS Industries, Inc .Parker HannifinProgressive Medical, Inc .Quantum Health, Inc .Rampart Hosting, LLCRELE Handels-GmbHResidential Finance Corporation
Resource Ventures, LTDRestoration Hardware, Inc .RevLocal, Inc . Robin Enterprises Co .Rolls-Royce plcRxScanSafety Today, Inc .Schafer Driveline LLC Secans B .V .Sedgwick Claims Management Services, Inc .Skylight Financial GroupSoysaponin, Inc .SPARCStanley Electric U .S . Co .Stella & DotSudden Impact MarketingSwitchbox, Inc .Tarigma CorporationTaylor Entrance SystemsTech InternationalTotal Quality LogisticsTransportation Research Center Inc .Triple T Transport, Inc .TS Trim Industries, Inc .UPSUSA Vinyl LLC US Yachiyo, Inc .V&S Columbus Galvanizing LLCVeeva SystemsVeriano Fine Foods & Spirits, Ltd .Vision Service PlanWasserstrom Restaurant SupplyWillbros Group, Inc .Worthington Industries, Inc .Zulily, Inc .
sUCCEss sTORY
Honda will build a new version of the Acura NSX sports car in the Columbus Region at the Center of Honda R&D Americas, Inc . in Raymond, using a new and unique manufacturing operation . The new car is projected to be on the market within three years .
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TELLING OUR sTORY ACROss THE GLObEIn 2012, the Columbus 2020 team executed 56 business development missions in more than 20 states and six international markets
sUCCEss
2012 ANNUAL REPORT
Boston
NYCLong Beach
Philadelphia
Washington, D.C.
Nashville
Atlanta
Austin
Dallas
Houston
IndianapolisSpringfield London
OrlandoJacksonville
Cincinnati
Cleveland
Detroit
Chicago
Minneapolis
Albany
Omaha
Denver
Salt Lake City
San FranciscoStockton
Sacramento
Portland
Las Vegas
Phoenix
Seattle
Los Angeles
“At Quantum Health, we’re on a mission to simplify and transform healthcare in this country . We’re excited that the City of Columbus shares our excitement and our vision . As we enter our 14th year in business, we’re going to continue to grow right here in Columbus by recruiting and training the next generation of healthcare knowledge workers.”
Kara Trott, Founder and CEO
PROJECTS ACTIVE AT END OF EACH MONTH
10
NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)
PROJECTS ACTIVE AT END OF EACH MONTH BY INDUSTRY
QUARTERLY ECONOMIC UPDATE | Q4 2012
COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-DEC 2012
In 2012, Columbus 2020 had 275 projects started, 79 percent
higher than in 2011. There were also 73 first-time visits to the
Columbus Region by companies in 2012, 43 percent higher
than in 2011.
The number of active projects increased steadily throughout
2012 and reached a peak of 171 at the end of October. There
has been approximately a 60/40 split between new and
existing projects. Industry composition has also remained
steady throughout 2012, after a shift toward more office
projects between 2011 and this year.
44 34 34 3942
57 58 54 5768 70 6457
66
5359
68
82 80 8290
103
85 82
0
20
40
60
80
100
120
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Existing New
44%
29%
12%
15%
Dec 2012
38%
30%
16%
16%
Mar 2012
45%
26%
18%
11%
Jun 2012
50%
31%
9%
10%
Sep 2012
Manufacturing Office Logistics Tech/R&D
9 11
17 18
11 129 9
1619
1310
25
11
2724
20
44
16
30
2023
28
7
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 2012
0
7
4
2 2
98
32
4
8
2
11
6 6 6
9
43
6 6
10
4
2
0
3
6
9
12
15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 2012
Boston
NYCLong Beach
Philadelphia
Washington, D.C.
Nashville
Atlanta
Austin
Dallas
Houston
IndianapolisSpringfield London
OrlandoJacksonville
Cincinnati
Cleveland
Detroit
Chicago
Minneapolis
Albany
Omaha
Denver
Salt Lake City
San FranciscoStockton
Sacramento
Portland
Las Vegas
Phoenix
Seattle
Los Angeles
PROJECTs GENERATED (2011 v. 2012)
sTORY
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sUCCEss
2012 ANNUAL REPORT
“The Columbus Region’s state, county and local businesses have all been incredibly helpful and made it possible for us to pursue our aggressive growth plans, including the opening of our new facility in Obetz.”
Darrell Cavens, CEO
sTATEMENT Of CAsH fLOWFor the Period Ended December 31, 2012
Unaudited
Cash flows from Operating Activities:
Change in Net Assets $ 232,380
Adjustments to reconcile change in net assets to net
cash provided by operating activities:
Depreciation and Amortization 78,127
Changes in Certain Assets and Liabilities:
(Increase) decrease in Assets:
Pledge Receivable (329,567)
Grant Receivable (36,893)
Prepaids and Other Current Assets (164,536)
Increase (decrease) in Liabilities:
Accounts Payable 36,188
Accrued Expenses (78,036)
Total Adjustments (494,717)
Net Cash Provided by Operating Activities $ (262,338)
Cash flow from Investing Activities:
Purchases of Property and Equipment (119,085)
Purchase of Stocks (10,000)
Net Cash Provided by Operating Activities $ (129,085)
Cash flow from financing Activities:
Note Payable (61,476)
Net Cash Provided by financing Activities $ (61,476)
Net Increase in Cash and Cash Equivalents $ (452,899) Cash & Equivalents at beginning of Year $ 1,683,692
Cash & Equivalents at End of Year $ 1,230,793sTORY
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For the Period Ended December 31, 2012
Unaudited
Assets
Current Assets:
Cash $1,230,793 .27
Accounts Receivable Miscellaneous 13,566 .59
Accounts Receivable Investors 716,000 .00
Accounts Receivable Grants 439,182 .62
Prepaids and Other Current Assets 203,043 .01
Total Current Assets 2,602,585 .49
Property and Equipment:
Furniture, Fixtures, & Equipment $181,595 .80
Leasehold Improvements 389,601 .10
Work in Process 111,680 .86
682,877 .76
Less: Accumulated
Depreciation and Amortization (137,241 .70)
545,636 .06
Property and Equipment, net 545,636 .06
Total Current Assets and Property and Equipment 3,148,221 .55
Other Assets:
Investments, at market $10,000 .00
Total Other Assets 10,000 .00
Total Assets $ 3,158,221.55
Current Liabilities:
Accounts Payable $121,485 .86
Accrued Expenses 385,415 .98
Deferred Dues, Net
Notes Payable 64,365 .89
Total Current Liabilities 571,267 .73
Long-Term Liabilities:
Long-Term Debt $308,333 .99
Total Long-Term Debt 308,333 .99
Total Liabilities $879,601.72
Net Assets (Fund Balance):
Unrestricted $1,837,619 .83
Temporarily Restricted 441,000 .00
Total Net Assets (Fund Balance) 2,278,619 .83
Total Liabilities/fund balance $3,158,221.55
sTATEMENT Of fINANCIAL POsITION
“We are pleased to partner with the State of Ohio and Licking County in the expansion of our distribution facility in Etna . The opportunity to consolidate our retail store distribution needs under one roof maximizes labor, inventory and transportation efficiencies, supports our strategies, and allows us to transform and expand our facility in Ohio.”
David Jaffe, President and CEO
sUCCEss sTORY
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For the Period Ended December 31, 2012
Unaudited
Public Support and Revenues
Interest and Dividends $2,770 .89
Registration Fees 5,733 .42
Private-Sector Contributions 3,946,970 .00
Public-Sector Contributions 1,315,650 .00
In Kind Contributions 8,137 .50
Grants 1,485,633 .46
Event Sponsorships (8,653 .30)
Advertising Revenue 6,086 .50
Miscellaneous Income (27,886 .29)
Total Revenues $6,734,442.18
Expenses
Personnel Costs $2,435,719 .67
Occupancy and Related 332,191 .43
Program Costs 3,734,151 .42
Total Expenses $6,502,062.52
Change in Net Assets $232,380 .00
Net Assets at Beginning of Year 2,046,240 .00
Net Assets at End of Year $2,278,620.00
sTATEMENT Of ACTIVITIEs
2012 ANNUAL REPORT
sUCCEss sTORY
“We looked at Michigan, Ohio and Kentucky because of existing customer demand . In the end, we chose the Columbus Region because of the available workforce, competitive opportunities and our ability to make a difference . This is a great fit and we’re poised for a very exciting future.”
Honey Rand, Spokesperson
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COLUMbUs 2020 TEAMKenny McDonald, CEcD Chief Economic Officer
becky blatt Executive Assistant to the Chief Economic Officer
Matthew McCollister Vice President, Economic Development
Patty Huddle Vice President, Existing Business Services
Deborah scherer Director, Global Markets
Matt McQuade Director, Business Development
Justin bickle Senior Project Manager
Katie Murphy Hamilton Project Manager
Chris strayer Client Solutions Officer
stephanie I. bosco Economic Development Coordinator
Karin Redelberger Economic Development Coordinator
beth Harrington Vice President, Investor Relations
Irene Alvarez Director, Marketing and Communications
Jung Kim Director, Research
Jay Knox Research Analyst
Victor Thorne Managing Director, Strategic Development
Jeff Zimmerman Director, Columbus Region Logistics Council
2012 ANNUAL REPORT
sUCCEss sTORY
“We are very excited to announce our new division in the state where we have our global headquarters as well as 30 other locations . Thanks to the State of Ohio and City of Columbus for making this happen.”
Don Washkewicz, Chairman, CEO and President
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COLUMbUs 2020 bOARD Of DIRECTORs
2012 ANNUAL REPORT
sUCCEss sTORY
Alex Fischer, ChairmanPresident and CEO The Columbus Partnership
Jack Partridge, TreasurerPresident Columbia Gas of Ohio
Eric Phillips, SecretaryExecutive Director Union County Economic Development PartnershipChief Executive Officer Union County Chamber of Commerce
Marilyn BrownCounty CommissionerFranklin County Board of Commissioners
Michael ColemanMayorCity of Columbus
John C . FisherExecutive Vice PresidentOhio Farm Bureau
Michael KellerExecutive Vice President and Chief Information OfficerNationwide
Michael W . LougeExecutive Vice President and Chief Financial OfficerOhioHealth
Gregory R . OvermyerChief Executive OfficerOvermyer Hall Associates
Mark PattonGeneral ManagerJobsOhio
Dr . Mark SmithPresidentOhio Christian University
David Williams, Ph . D ., Sc . D .Dean and Presidential ProfessorCollege of Engineering The Ohio State University
Pablo A . VegasPresident and Chief Operating OfficerAEP Ohio, American Electric Power
Ex-OffICIO
Laing AkersSenior Attorney Squire Sanders Kenny McDonald, PresidentChief Economic OfficerColumbus 2020
“We’re opening our fifth domestic Customer Fulfillment Center in Columbus . This region provides the most cost-effective opportunity to expand our distribution network, with easy access to key markets and resources, as well as a rich pool of local talent.”
Doug Jones, Executive Vice President, Global Supply Chain Operations