Monthly Economic Update | December 2013

MONTHLY ECONOMIC

UPDATE2013

DEC

2013

columbusregion.com 614-225-6063

DECEMBER 2013 PERFORMANCE

CASE STUDY: SK FOOD GROUP

Jobs: 253 created

Investment:

Facilities: Manufacturing, distribution

1

$13.2 million

COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013

PROJECTS DECEMBER 2013 AND YEAR-TO-DATE

NUMBER OF PROJECTS STARTED

(2012 vs. 2013)

FIRST-TIME VISITS (2012 vs. 2013)

DECEMBER 2013

17 projects started

- 215 year in 2013

3 first time visits

- 58 year in 2013

25

11

27 24

20

44

16

30

20 23

28

7

20 25

18 21

27

12

18 17 13

15 12

17

0

10

20

30

40

50

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2013

11

6 6 6

9

4 3

6 6

10

4

2 2

5 4 4

7

5

8

5 4

7

4 3

0

3

6

9

12

15

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2013

SK Food Group, a Seattle-based food products

company, will invest $13 million to establish a food

manufacturing facility in the Columbus Region. The

company expects to create 253 jobs during the next

three years.

From its new facility, SK Food Group will prepare,

package and distribute sandwiches and entrées to retail

outlets, convenience stores and vending machine

companies throughout North America.

The company selected the Columbus Region because of

its reputation in the manufacturing sector, including

food manufacturing, and its strategic location for

logistics and distribution.

2

ATTRACTION PROJECTS:

DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR


PROJECTS BY SOURCE


ACTIVE PROJECTS AS OF DECEMBER 31, 2013

TOTAL ACTIVE PROJECTS

(116 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL

52

10

0

10

20

30

40

50

60

70

80

Suspect Prospect

Suspects = Projects identified and qualified via direct dialogue with the company or consultant representing the company.

Prospects = Projects qualified, parameters defined and the company or consultant has visited the Region.

53%

47%

New Existing

90%

3% 7%

Columbus 2020

Local ED partners

JobsOhio

64%

19%

17%

Columbus 2020

Local ED partners

JobsOhio

23

7

19

5

0

5

10

15

20

25

30

35

22

11

19

10

0

5

10

15

20

25

56%

44%

Domestic International

87%

13%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

DECEMBER 2013 COMPLETED ACTIVITIES

JANUARY 2014 PLANNED ACTIVITIES

New York

National Retail Federation Annual Conference

BUSINESS DEVELOPMENT MISSIONS:

Washington, D.C., Atlanta, Indianapolis

3


Houston: The 2020 team attended the Reinvesting in American Manufacturing conference, a two day event for global manufacturers making new capital investments in America.

Charleston: The 2020 team attended the Area Development Consultants Forum, participating in presentations and discussions on strategy and best practices for the site selection process in 2014.

Washington, D.C.: The 2020 team traveled to Washington to continue to build the Columbus Region's Global Trade and Investment Strategy with the Brookings Institution.

New York: The 2020 team visited the New York market to hold meetings with consultants and visit the headquarters of an existing Columbus Region company.

DECEMBER 2013 Performance:

7 visits in December (381 in 2013)

Visits conducted by:

CASE STUDY: MORIROKU TECHNOLOGY

Jobs: 50 created

Investment:

Facilities: Office, R&D

4

$550,000


BUSINESS RETENTION & EXPANSION | DECEMBER 2013

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR

Moriroku Technology North America, an automotive parts

manufacturer, will build a new facility in Marysville to

accommodate rapid growth of its existing sales operations

and serve as its research and development center. The

expansion project will add 50 employees to its current

workforce of 32 in the Columbus Region.

The new facility will be located on Industrial Parkway in

Marysville and will replace the company's current facility on

Allenby Drive. Moriroku decided to stay and expand in

Marysville for its proximity to key automotive customers.

43%

28%

29%

Columbus2020 only

Local EDpartner only

Both 2020and LEDO

5

1 1

0

2

4

6

8

FranklinCounty

DelawareCounty

LickingCounty

4

0

2

1

0

2

4

6

8

Source: U.S. Patent and Trademark Office

CASE STUDY: TECHNOLOGY CONCEPT FUND

5

Source: Ohio Secretary of State

*Note: Registrations are only an indicator of business formation and do not represent actual new businesses. For example, a registration may be filed to

reserve a business name or for other reasons in advance of a potential business. Dissolutions, surrenders and withdrawals do not include mergers,

consolidations, reinstatements and other changes that may lead to a loss of a business. In addition, not all businesses that close make a filing.

BUSINESS CREATION

BUSINESS DISSOLUTIONS,

SURRENDERS, WITHDRAWALS

PATENTS BY REGION INVENTORS

& ASSIGNEES

NEW BUSINESS REGISTRATION*


Innovations with ties to The Ohio State University will get a

financial boost from the new Technology Concept Fund, LLC.

The million-dollar fund includes investments from OSU and Ohio

Third Frontier. TechColumbus and OSU's Technology

Commercialization Office are working to identify investment

opportunities. TechColumbus will manage the fund.

Companies eligible for investment will have a fully executed

license or an option to license the technology from OSU and will

be clients of TechColumbus. Industry focus includes advanced

materials, alternative energy, information technology and life

sciences. Successful investments by the Concept Fund will

replenish its available capital for future rounds of investment.

1,114

1,020

1,207

962

500

750

1000

1250

1500

Aug Sep Oct Nov

199 176

165 151

0

50

100

150

200

250

300

Aug Sep Oct Nov

83

28

72

20

85

38

95

39

Inventor Assignee

August September October November

POLICY & ADVOCACY

6

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS


WORKFORCE

Columbus in top 40 of Best Performing Cities Index

Based on job, wage and high-tech growth, Columbus

ranked No. 37 among 200 metro areas in the Milken

Institute's annual Best Performing Cities index, up 16

spots from 2012. http://bit.ly/18hjRC1

Columbus ranked a top 10 metro for college students

The American Institute for Economic Research ranks

Columbus No. 10 among mid-size metros in the U.S.

http://bit.ly/1c8Nuka

Columbus ranked No. 3 happiest city in America

based on Instagram analysis

Startup company Jetpac analyzed millions of Instagram

photos to determine how happy people

appeared. http://read.bi/1bjJcKw

For all of the latest news, visit:

http://columbusregion.com/Media-center/Recent-

News.aspx

Columbus Chamber hosts government leaders

On December 18, the Columbus Chamber, along

with other chambers from around Ohio, hosted

Governor Kasich, Senate President Faber and

Speaker of the House Batchelder for their annual

Year in Review event.

The three leaders came together to discuss the

store for next year. More than 150 business leaders

had the opportunity to ask questions and give

feedback on the economic climate in Ohio.

On the same day, the Columbus Chamber

facilitated a discussion with U.S. Representative

Joyce Beatty. The small gathering gave Chamber

members the chance to discuss with Rep. Beatty

business issues on the federal level.

Columbus State introduces insurance courses

Columbus State Community College has introduced

a new Foundations of Insurance certificate, a six-

course program intended to help students gain

entry-level positions in the Columbus Region's

insurance industry.

The program also addresses a critical need for

employers. According to Columbus State, 17,000

jobs will open up in Ohio's insurance industry over

the next five years as companies grow and workers

retire.

Foundations of Insurance is part of Columbus

State's larger efforts in partnering with the insurance

industry to raise awareness of career opportunities

through the Insuring Ohio Futures program.

Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted

Source: Xceligent Source: Columbus Board of Realtors

7

$3.74

$9.33

Industrial

Retail

7.2%

9.1%

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 15.0%

COMMERCIAL REAL ESTATE

(AS OF DECEMBER 31)

HOUSING SALES

$15.85


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (November 2013) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 10/5/13 TO WEEK ENDING 12/28/13)

8.0% (+0.8)

Marion

26,698 (-788)

7.0% (+1.0)

Knox

27,608 (-460)

Unemployment

rate

(Nov 2013)

Number

employed

residents

(Nov 2013)

Change

from

Nov 2012 to

Nov 2013

5.4% (+0.7)

Delaware

91,366 (-632)

6.8% (+0.8)

Fairfield

70,187 (-394)

6.4% (+0.8)

Franklin

586,557 (-2,724)

7.2% (+1.1)

Licking

79,224 (-502)

7.0% (+1.0)

Madison

18,656 (-102)

7.0% (+0.4)

Morrow

16,129 (-133)

7.8% (+0.7)

Pickaway

22,482 (-112)

5.7% (+0.3)

Union

25,774 (-165)

6.6% (+0.5)

Logan

21,616 (-133)

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

10/5

10/1

2

10/19

10/2

6

11/2

11/9

11/1

6

11/2

3

11/3

0

12/7

12/14

12/2

1

12/2

8

Continuing New

2,297 2,291

2,021

$165K

2,065 2,208

1,812

$170K

NewListings

InContracts

ClosedSales

AverageSales Price

Nov 2012 Nov 2013

Monthly Economic Update | December 2013

Business

Transcript of Monthly Economic Update | December 2013