Monthly Economic Update | July 2013

MONTHLY ECONOMIC

UPDATE2013

JULY

2013

columbusregion.com 614-225-6063

JULY 2013 PERFORMANCE

CASE STUDY: LULULEMON

Jobs: 170 created

Capital investment: $26.5 million

Facilities: Distribution center

1

PROJECTS JULY 2013 AND YEAR-TO-DATE

NUMBER OF PROJECTS STARTED

(2012 vs. 2013)

FIRST-TIME VISITS (2012 vs. 2013)

COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

JULY 2013

18 projects started

- 138 year to date

6 first time visits 25

11

27 24

20

44

16

30

20 23

28

7

19

25

19 21

24

12

18

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

4

6

0

3

6

9

12

15

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

2012 2013

Vancouver, British Columbia-based lululemon will open

its second U.S. distribution center in the city of

Columbus. The retailer of yoga-inspired athletic apparel

will invest $26.5 million and create 170 new jobs with $6

million in payroll.

The distribution center will service most, if not all, of the

Eastern and Central time zones, supporting lulelemon's

aggressive retail and e-commerce growth. The company

selected the Columbus Region over other locations

based on its quality workforce and competitive costs of

doing business.

2

ACTIVE PROJECTS AS OF JULY 31, 2013

TOTAL ACTIVE PROJECTS

(128 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

59

9

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

88%

9%

3%

Columbus 2020

Local ED partners

JobsOhio

68%

22%

10%

Columbus 2020

Local ED partners

JobsOhio

26

4

9

21

0

5

10

15

20

25

30

35

34

5

13 16

0

5

10

15

20

25

30

35

40

68%

32%

Domestic International

88%

12%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

JULY 2013 COMPLETED ACTIVITIES

AUGUST 2013 PLANNED ACTIVITIES

Salt Lake City

Logistics Development Forum

BUSINESS DEVELOPMENT MISSIONS:

Detroit, New York

ACTIVE PROJECT MEETINGS:

Cleveland, Seattle

3


Columbus: The 2020 team hosted several consultants and site selector advisors for visits to the Columbus market as well as visits by an international journalist and four national journalists.

Chicago: The 2020 team held meetings with an international corporate venture investor and a venture capital firm.

JULY 2013 Performance:

39 Visits in June (230 YTD)

Visits conducted by:

CASE STUDY: AVNET, INC.

Jobs: 300 created

Capital investment: $2.5 million

Facility: Distribution center

4

BUSINESS RETENTION & EXPANSION | JULY 2013

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR


Avnet, Inc., one of the world's largest electronics

distributors, announced that it will consolidate four

existing facilities in the Columbus Region into one

facility in Obetz. In addition to consolidating the

current 350-employee Columbus Region workforce,

Avnet will invest $2.5 million in equipment and add

up to 300 more employees.

a dozen service companies in the past 18 months, all

part of an aggressive effort to develop a full-service

offering for its customers. Avnet selected the

Columbus Region over other areas in the U.S. based

on its strategic location for logistics and access to

workforce.

56% 36%

8% Columbus2020 only

Local EDpartner only

Both 2020and LEDO

10

5

9

15

0

2

4

6

8

10

12

14

16

Columbus Dublin All otherFranklinCounty

All otherRegion

9

7

19

4

0

4

8

12

16

20

Source: U.S. Patent and Trademark Office

CASE STUDY: INFOMOTION SPORTS TECHNOLOGIES

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.

Dublin-based InfoMotion Sports Technologies Inc. recently

closed a $3.5 million Series A investment round. The funding will

help InfoMotion's consumer launch of its 94Fifty basketball

product. The 94Fifty basketballs have embedded sensors that

track speed and force of dribbling, release angle, rotation and

other key elements of the physics of good ball-handling and

shooting. To date, the company has marketed the product to

college teams.

On July 17, InfoMotion announced a distribution and product

partnership with Spalding, the world's largest baseketball

equipment supplier. The new investment will help build upon

this opportunity. The company initially located to the Columbus

Region in part because of an Innovation Ohio Loan Fund, which

provided $750,000 in early-stage capital.

1,363 1,319

1,074 1,114

500

750

1000

1250

1500

Mar Apr May Jun

186

238

191 180

0

50

100

150

200

250

300

Mar Apr May Jun

91

18

85

24

99

27

80

20

Inventor Assignee

Mar Apr May June

POLICY & ADVOCACY

6

TRANSPORTATION & INFRASTRUCTURE

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS


Columbus metro area job numbers at all -time high

The Columbus metro area has continued to gain jobs and

set record highs since recovering its losses from the

recession in May 2012. http://bit.ly/16SKKHf

Columbus no. 15 aspirational city

New analysis ranks Columbus in the top 15 in the U.S. based

on job growth, unemployment, quality of life, and

demographics. http://thebea.st/13qYgyQ

Six Columbus Region hospitals in national rankings

U.S. News & World Report's list of best hospitals includes six

from the Region, topped by The Ohio State University

Wexner Medical Center. http://bit.ly/fVgrbB

Columbus highlighted as a fashion hub

USA Today covers the Columbus Region's fashion

companies, from the retail giants headquartered here to

independent boutiques. http://usat.ly/16uA9jV

For all of the latest news, visit:

http://columbusregion.com/news-events-reports/in-the-

media

Ohio leaders show support for air bases' funding

Political, military and economic leaders throughout

the state are defending Ohio's Air Force and

Air National Guard base units in preparation of

federal budget cuts. Four members of the National

Commission on the Structure of the Air Force

heard testimony July 30 from leaders advocating

for continued funding of Ohio's air bases, including

Rickenbacker Air National Guard Base. Columbus

Chamber President & CEO Michael Dalby testified

that the state has invested in supporting these

bases and are ready to support any expansion.

$3 billion to fast-track Ohio highway projects

On July 22, Governor Kasich unveiled a new

transportation funding plan for 41 projects across

Ohio. Of the $3 billion to be spent over six years,

Central Ohio projects amount to $572 million.

Key projects in the Columbus Region supported by

the plan include the U.S. 23/I-270/SR 315

interchange in northern Franklin County, I-70/71 in

Columbus, U.S. 33 in Fairfield County, and I-

270/U.S. 33 in Dublin.

Source: Xceligent Source: Columbus Board of Realtors

7

NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 5/4/13 TO WEEK ENDING 7/27/13)


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (June 2013)

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 7.0%

COMMERCIAL REAL ESTATE

(AS OF JULY 31)

HOUSING SALES

$15.43

$2.95

$9.28

Industrial

Retail

16.0%

10.0%

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

Statistics, Seasonally Adjusted

7.7% (+0.2)

Marion

26,904 (-620)

6.9% (-0.0)

Knox

27,868 (+75)

Unemployment

rate

(Jun 2013)

Number

employed

residents

(Jun 2013)

Change

from

Jun 2012 to

Jun 2013

5.2% (+0.2)

Delaware

91,109 (+759)

6.1% (+0.0)

Fairfield

70,863 (+538)

6.1% (+0.1)

Franklin

593,897 (+4,188)

6.8% (+0.4)

Licking

80,173 (+635)

6.5% (+0.2)

Madison

18,942 (+141)

7.7% (+0.4)

Morrow

16,213 (+145)

7.6% (+0.3)

Pickaway

22,803 (+164)

5.5% (+0.1)

Union

25,714 (+204)

6.5% (+0.1)

Logan

21,710 (-89)

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

5/4

5/1

1

5/1

8

5/2

5

6/1

6/8

6/15

6/2

2

6/29

7/6

7/1

3

7/2

0

7/2

7

Continuing New

3,346 3,161

2,545

$184K 3,946

3,721

2,810

$196K

NewListings

InContracts

ClosedSales

AverageSales Price

Jun 2012 Jun 2013

Monthly Economic Update | July 2013

Business

Transcript of Monthly Economic Update | July 2013