Monthly Economic Update | January 2014

MONTHLY ECONOMIC

UPDATE

columbusregion.com 614-225-6063

JANUARY 2014

Jobs: 401 created

Investment:

Facilities: Fulfillment center

1

PROJECTS JANUARY 2014 AND YEAR-TO-DATE

FIRST-TIME VISITS (2013 vs. 2014)NUMBER OF PROJECTS STARTED

(2013 vs. 2014)

PERCENT OF PROJECTS STARTED - MANAGED

BY COLUMBUS 2020 (2013 vs. 2014)

COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014

CASE STUDY: GWYNNIE BEE

$1.9 million

87% 89% 100%

72% 76%69%

77% 68% 65%

80% 81%

65% 85%

0%

20%

40%

60%

80%

100%

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

2013 2014

2

5 4 4

7

5

8

5 4

7

4 3

2

0

4

8

12


2013 2014

23

28

17

25 29

16

22 19

17 20

16

20 20

0

10

20

30

40


2013 2014

Gwynnie Bee, a subscription-based apparel retailer that

offers membership programs for women, has chosen the

Columbus Region as the location for its new, flagship

fulfillment center.

Groveport over the next three years, including 70

management and administration positions and

approximately 330 general associate positions.

The company cited the Region's strategic location and

skilled workforce as key reasons for choosing to do

business here.

2

ACTIVE PROJECTS AS OF JANUARY 31, 2014

TOTAL ACTIVE PROJECTS

(165 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL


ATTRACTION PROJECTS:

PROJECTS BY SOURCE


DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR

74

24

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.

59%

41%

New Existing

62%

3%

35%

Columbus 2020

Local ED partners

JobsOhio

60% 15%

25%

Columbus 2020

Local ED partners

JobsOhio

26

6

27

8

0

5

10

15

20

25

30

35

54

10

23

11

0

10

20

30

40

50

60

45%

55%

Domestic International

84%

16%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

JANUARY 2014 COMPLETED ACTIVITIES

FEBRUARY 2014 PLANNED ACTIVITIES

Chicago

German American Chamber of Commerce Midwest Economic Forum

Denver

Site Selectors Guild Annual Conference

Los Angeles

Corporate Venturing & Innovation Partnering Conference

IEDC Leadership Summit

BUSINESS DEVELOPMENT MISSIONS:

Chicago

INTERNATIONAL ACTIVITIES:

Toronto Mission

3


New York: The 2020 team attended the National Retail Federation annual conference to promote the Columbus Region to growing retailers and their key service providers.

Atlanta: The 2020 team visited the Atlanta market for an international active project meeting as well as meetings with site selection consultants.

Washington, D.C.: The 2020 team traveled to Washington to hold meetings with site selection consultants.

Indianapolis: The 2020 team traveled to Indianapolis to hold meetings with site selection consultants.

JANUARY 2014 Performance:

37 visits in January

Visits conducted by:

CASE STUDY: S-E-A, LTD.

Jobs: 30 created

Investment:

Facilities: Headquarters, R&D

4

BUSINESS RETENTION & EXPANSION | JANUARY 2014

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR


$9.3 million

Columbus-based Scientific Expert Analysis, Ltd. (S-E-A,

Ltd.) is a leader in forensic analysis, research and testing.

The company has grown to ten offices nationwide

employing more than 250 professionals. S-E-A needed to

consolidate operations requiring a new building at their

current headquarters location. The project will retain 96

existing employees and create 30 new jobs.

Road limitations were an impediment to the

project. Columbus 2020 engaged the City of Columbus,

JobsOhio and the Ohio Department of Transportation's

Office of Jobs & Commerce to work with the company to

resolve the issue. The committed solution will permit the

project to proceed, resulting in a world-class corporate

headquarters and R&D center.

44%

47%

9% Columbus2020 only

Local EDpartner only

Both 2020and LEDO

8

4

3

4

8

7

0

2

4

6

8

10

8

4

19

3

0

5

10

15

20

Source: U.S. Patent and Trademark Office

5 STARTUPS TO WATCH IN 2014

5


BUSINESS CREATION

BUSINESS DISSOLUTIONS,

SURRENDERS, WITHDRAWALS

PATENTS BY REGION INVENTORS

& ASSIGNEES

NEW BUSINESS REGISTRATION*

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.

Columbus 2020 recently identified five local startup companies

that have the potential for explosive growth in 2014.

CrossChx Inc.: fingerprint recognition technology for

medical records access.

Duet Health LLC: mobile software to help patients monitor

therapy, prescription and other outpatient care.

InfoMotion Sports Technologies Inc.: sensors and software

tools to improve athletic performance.

NChannel Inc.: software to integrate information between

in-store, online, wholesalers and other sales channels.

Print Syndicate LLC: design, marketing and technology

company spun off of shirt-maker Skreened.

For more information, go to: http://bit.ly/1jckdxS

1,020

1,207

962

1,078

500

750

1000

1250

1500

Sep Oct Nov Dec

176 165

151

246

0

50

100

150

200

250

300

Sep Oct Nov Dec

72

20

85

38

95

39

84

20

Inventor Assignee

September October November December

WORKFORCE

6

TRANSPORTATION & INFRASTRUCTURE

ECONOMIC DEVELOPMENT NEWS

COLUMBUS REGION IN THE NEWS


Columbus named a Top7 Intelligent Community

For the second year in a row, the Intelligent Community

Forum has included Columbus in its Top7 list of

Intelligent Communities in the world.

http://bit.ly/1mMjhQY

Columbus ranked No. 9 new opportunity city

Based on analysis by William Frey of the Brookings

Institution, Columbus ranked No. 9 for attracting workers

seeking a higher standard of living and better jobs.

http://yhoo.it/LYqBLw

Columbus proves only Ohio metro area to recover all

jobs lost in recession

According to an IHS Global Insight Report, Columbus is

the only metro area in Ohio to recover all jobs lost in the

recession due to manufacturing gains.

http://bit.ly/LhXC42

For all of the latest news, visit:

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

News.aspx

OSU to create Big Data research & training HQ

The Ohio Higher Education Funding Commission

has recommended $53 million in state dollars to

support The Ohio State University's data analytics

education and training programs. Two campus

buildings will be renovated to accomodate expert

faculty and state-of-the-art research space as a

data analytics headquarters.

The project will help fulfill the commitment OSU

made to expand its data analytics programs when

IBM selected to locate its Client Center for

Advanced Analytics in the Columbus Region in the

fall of 2012. OSU's facilities, along with their faculty

and students, will serve as a resource for IBM and

industry in general seeking data analytics services.

MORPC transportation funds application

The Mid-Ohio Regional Planning Commission

(MORPC) has proposed revisions to improve the

project selection process for its funds in 2014. This

process includes funds received directly from

federal transportation programs as well as those

sub-allocated through the Ohio Department of

Transportation.

Eligible areas for projects include Franklin County,

Delaware County, the City of Pataskala and Etna

Township in Licking County, the City of

Pickerington, the villages of Carroll and Lithopolis,

and Bloom and Violet townships in Fairfield County.

Public comments on the proposed revisions are

currently being by MORPC through February 21. For

more information, go to:

http://www.morpc.org/transportation/funding-

grants/morpc-attributable-funding/index

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

Source: Xceligent Source: Columbus Board of Realtors

7

NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 11/2/13 TO WEEK ENDING 1/25/14)


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (DECEMBER 2013)

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 14.6%

COMMERCIAL REAL ESTATE

(AS OF JANUARY 31)

HOUSING SALES

$15.65

$3.84

$9.19

Industrial

Retail

6.5%

9.6%

8.2% (+1.2)

Marion

26,510 (-921)

6.8% (+0.8)

Knox

28,036 (-16)

Unemployment

rate

(Dec 2013)

Number

employed

residents

(Dec 2013)

Change

from

Dec 2012 to

Dec 2013

5.5% (+1.0)

Delaware

92,133 (-64)

6.6% (+0.8)

Fairfield

70,486 (-90)

6.4% (+1.0)

Franklin

588,105 (-812)

6.9% (+0.9)

Licking

79,610 (-85)

6.9% (+1.1)

Madison

18,714 (-24)

7.3% (+0.7)

Morrow

16,395 (+11)

7.9% (+1.0)

Pickaway

22,543 (-31)

5.6% (+0.4)

Union

25,990 (-26)

6.4% (+0.4)

Logan

22,122 (+358)

0

400

800

1,200

1,600

2,000

2,400

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

11/2

11/9

11/1

6

11/2

3

11/3

0

12/7

12/1

4

12/2

1

12/2

8

1/4

1/11

1/18

1/25

Continuing New

1,518

1,829

1,693

$158K

1,463

1,806 1,735

$176K

NewListings

InContracts

ClosedSales

AverageSales Price

Dec 2012 Dec 2013

Monthly Economic Update | January 2014

Business

Transcript of Monthly Economic Update | January 2014