Monthly Economic Update | July 2014

MONTHLY ECONOMIC

UPDATE

columbusregion.com 614-225-6063

JULY 2014

Jobs: 900 created

Investment:

Facilities: Call Center

1

$530,000

CASE STUDY: ZULILY

COLUMBUS 2020 MONTHLY UPDATE | JULY 2014

PROJECTS JULY 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)

87% 89%

100%

72%

76%

69%

77%

68%

65%

80% 81%

65%

85%

79%

70% 77%

50%

83%

68%

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 3

4 5

4

3

1

0

4

8

12


2013 2014

23

28

17

25 29

16

22 19

17 20

16 20 20

24 20

30

22 24

19

0

10

20

30

40


2013 2014

zulily, inc., a fast growing e-commerce retail company, is

expanding in Central Ohio and adding 900 new jobs over

the next three years. Its new call center facility will be

temporarily located in Gahanna until a permanent location is

chosen. zulily already has a notable presence in the Region

with a fulfillment center in Obetz employing nearly 700

people. The new location will make the Columbus Region

home to the largest concentration of employment for the

company.

zulily has already begun the hiring process on their website

and will also host a job fair in mid-August to fill the new

positions.

**Balance of started projects sourced/managed by JobsOhio

2

ATTRACTION PROJECTS:

DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR


PROJECTS BY SOURCE


ACTIVE PROJECTS AS OF JULY 31, 2014

TOTAL ACTIVE PROJECTS

(149 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL

66

38

0

20

40

60

80

100

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.

70%

30%

New Existing

61%

6%

33%

Columbus 2020

Local ED partners

JobsOhio

62% 18%

20%

Columbus 2020

Local ED partners

JobsOhio

17

24

4

0

5

10

15

20

25

30

35

40

39

13

42

10

0

5

10

15

20

25

30

35

40

45

53%

47%

Domestic International

82%

18%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

JULY 2014 COMPLETED ACTIVITIES

AUGUST 2014 PLANNED ACTIVITIES

Denver

Walmart US Manufacturing Summit

Las Vegas

SelectUSA Apparel Industry Investment Meeting

3


Columbus: The Columbus 2020 team hosted journalists to showcase the Region's retail industry.

San Diego: The Columbus 2020 team traveled to San Diego to hold a meeting with a company engaged with an active project in the Columbus Region.

JULY 2014 Performance:

35 visits in July (204 YTD)

Visits conducted by:

CASE STUDY: MPW INDUSTRIAL SERVICES

Jobs: 25 created

Investment:

Facilities: HQ, Engineering and Industrial Services

4

$4.4 million


BUSINESS RETENTION & EXPANSION | JULY 2014

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR

MPW Industrial Services, a leading provider of technology-

based industrial cleaning, facility management, water

purification and container management services is

expanding its Columbus Region presence. The company is

building a new 40,000 square foot building in Union

Township, Licking County. The $4.4 million dollar

investment will go toward construction costs, infrastructure,

and machinery and equipment purchases. Additionally,

MPW will add 25 new, engineering focused jobs over the

next three years.

MPW Industrial Services' founder and CEO credits the

Columbus Region's workforce as a top reason behind its

expansion, noting the engineering and IT expertise here.

40%

23%

37%

Columbus2020 only

Local EDpartner only

Both 2020and LEDO

13

11

4 4 3

0

3

6

9

12

15

7 7

20

1

0

5

10

15

20

25

Source: U.S. Patent and Trademark Office

CASE STUDY: RECONSERVE OF OHIO

Jobs: 16 created

Investment: $9.1 million

Facilities: Agbioscience, Manufacturing

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*


ReConserve of Ohio, part of ReConserve Inc., is building a new

50,000 square foot processing facility in Marion, Ohio. The

company is a leading waste removal service and recycler of food

byproducts in the United States; the recycled food waste is then

reprocessed, distributed and sold for livestock consumption.

The $9.1 million investment includes the new building

construction, purchase of new machinery and equipment, rail

access upgrades and training for 16 newly created jobs. The

attraction of ReConserve of Ohio to the Marion location

increases the presence of the agbioscience industry in the

Columbus Region.

1,446 1,390

1,211 1,226

500

750

1000

1250

1500

Mar Apr May Jun

198 202 188

142

0

50

100

150

200

250

300

Mar Apr May Jun

60

19

113

31

85

36

83

25

Inventor Assignee

Mar Apr May June

6

ECONOMIC DEVELOPMENT NEWS


TRANSPORTATION & INFRASTRUCTURE POLICY & ADVOCACYCOLUMBUS REGION IN THE NEWS

Retail employment rebounding in Franklin County

According to the 2014 Franklin County Retail Report, retail

employment has grown in the past two years compared to

declines since 2001. The report also discusses jobs migrating

to e-commerce and a similar seasonal hiring pattern as

retail. http://bit.ly/USyMwA

Biotech industry strong in Ohio

The latest jobs report from Battelle showed bioscience

employment grew by 2.2 percent from 2007 to 2012 and

increased in four of the five biotech sectors during the same

timeframe. http://bit.ly/1srMx1A

Columbus ranked No. 3 for concentration of fashion

designers

A study of design concentrations in the U.S. revealed

Columbus as No. 3 in concentration of fashion designers,

behind New York and L.A. Columbus is the site of

headquarters for DSW, Abercrombie & Fitch and L Brands,

which owns Victoria's Secret. http://bit.ly/1qRDLeO

For all of the latest news, visit:

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

News.aspx

Port Columbus pursues nonstop San Francisco air

service

With the help of the Jobs, Expansion &

Transportation (JET) Task Force, Port Columbus is

in talks with United Airlines to add nonstop flight

service to San Francisco. The west coast city is the

most popular destination from Columbus without

direct service with approximately 140 people flying

to San Francisco daily and the same number flying

to Columbus.

David Whitaker, vice president of business

development for the Columbus Regional Airport

Authority, along with the taskforce believe the

nonstop flight service will have local economic

benefit for companies doing business in both

regions.

For more information, visit: http://bit.ly/W3x8cN

Export business ramping up at Rickenbacker

Officials of the Columbus Regional Airport Authority

are working with Cathay Pacific and Cargolux to turn

Rickenbacker Airport into an export destination for

regional businesses. In September, Consolidated

Aviation Services will provide warehouse handling

services of import and export cargo at Rickenbacker.

Rickenbacker's central location is a selling point for

Ohio businesses exporting cargo and provides a closer

option than Chicago and New York. Cincinnati,

Cleveland, Detroit and Indianapolis are all within a

three hour drive from Rickenbacker and additionally

stand to benefit from a high quality, lower cost export

option.

For more information, visit: http://bit.ly/1pWu0GX

11-County Columbus Region = 3.9%

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

Source: Xceligent Source: Columbus REALTORS

7

$3.05

$9.36

Industrial

Retail

6.0%

9.0%

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 14.1%

COMMERCIAL REAL ESTATE

(AS OF JULY 31)

HOUSING SALES

$16.22


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (JUNE 2014) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 5/3/14 TO WEEK ENDING 8/2/14)

4.7% (-3.4)

Marion

26,660 (-199)

3.8% (-3.1)

Knox

29,223 (+757)

Unemployment

rate

(June 2014)

Number

employed

residents

(June 2014)

Change from

June 2013 to

June 2014

3.6% (-1.7)

Delaware

93,824 (+1,529)

4.0% (-2.2)

Fairfield

72,378 (+1,378)

3.9% (-2.3)

Franklin

612,644 (+10,989)

4.0% (-2.9)

Licking

81,793 (+1,580)

4.4% (-1.5)

Madison

19,165 (+387)

4.5% (-3.3)

Morrow

16,556 (+327)

4.8% (-3.0)

Pickaway

23,425 (+470)

3.5% (-2.1)

Union

26,180 (+501)

3.3% (-3.1)

Logan

22,802 (+289)

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

5/3

5/1

0

5/1

7

5/2

4

5/3

1

6/7

6/14

6/2

1

6/28

7/5

7/1

2

7/1

9

7/2

6

8/2

Continuing New

3,950

3,721

2,952

$196K 3,903

3,486

2,856

$201K

NewListings

InContracts

ClosedSales

AverageSales Price

June 2013 June 2014

Monthly Economic Update | July 2014

Business

Transcript of Monthly Economic Update | July 2014