Monthly Economic Update | June 2013

MONTHLY ECONOMIC

UPDATE2013

JUNE

2013

columbusregion.com 614-225-6063

JUNE 2013 PERFORMANCE

CASE STUDY: COMPASS DATA CENTERS

Jobs: 26 created

Capital investment: $61.3 million

Facilities: Data center

1

COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013

PROJECTS JUNE 2013 AND YEAR-TO-DATE

NUMBER OF PROJECTS (2013 v. 2012) FIRST-TIME VISITS (2013 v. 2012)

JUNE 2013

12 projects started

- 120 year to date

4 first time visits 25

11

27 24

20

44

16

30

20 23

28

7

19

25

19 21

24

12

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

0

3

6

9

12

15

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

2012 2013

Compass Data Centers has committed to building the

first of its five planned 21,000 square foot data centers in

New Albany. At full completion, the project will include

26 full time jobs and $61.3 million of capital investment.

Headquartered in Dallas, Compass Data Centers has

existing data centers in Raleigh and Nashville. The

company decided to enter the Columbus Region based

on potential customer demand. The City of New Albany

approved a 65 percent, 7-year property tax abatement to

secure the investment.

2

ATTRACTION PROJECTS:

DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR


PROJECTS BY SOURCE


ACTIVE PROJECTS AS OF JUNE 30, 2013

TOTAL ACTIVE PROJECTS

(132 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL

61

14

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.

57%

43%

New Existing

88%

9%

3%

Columbus 2020

Local ED partners

JobsOhio

74%

16%

10%

Columbus 2020

Local ED partners

JobsOhio

28

4 8

17

0

5

10

15

20

25

30

35

30

10

20

15

0

5

10

15

20

25

30

35

65%

35%

Domestic International

86%

14%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

JUNE 2013 COMPLETED ACTIVITIES

JULY 2013 PLANNED ACTIVITIES

BUSINESS DEVELOPMENT MISSIONS:

Detroit, Northern & Southern California

3


Pittsburgh: The 2020 team attended the 2013 RAPID conference to meet with companies and learn about current trends and developments in the additive and 3D manufacturing industry.

New York City: The 2020 team, along with the City of Columbus, participated in the Intelligent Community Forum (ICF) Summit, networking and learning from other Top7 ICF finalists and alumni.

Minneapolis: The 2020 team attended the Area Development Consultants Forum to participate in manufacturing-focused economic development sessions and to meet with companies.

JUNE 2013 Performance:

19 Visits in June (191 YTD)

Visits conducted by:

CASE STUDY: ISS AMERICA CASE STUDY: ZIPLINE LOGISTICS

Jobs: 20 created

Capital investment: $3 million

Facility: Manufacturing

Jobs: 40 created

Facility: Headquarters

4


BUSINESS RETENTION & EXPANSION | JUNE 2013

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR

ISS America, Inc., a manufacturer and distributor of

automotive engine components, announced it will

invest $3 million in the Columbus Region to expand

its existing Bellefontaine facility. The expansion will

over the next three years.

ISS produces knock pins, dowel pins and joint pipes

for automobile engines and transmissions. Opening

its Logan County facility in 2010, ISS America

serves as a tier-one supplier for Honda. In its

decision to expand here, the company cited the

Region's strategic location and base of automotive

customers.

37%

53%

10% Columbus2020 only

Local EDpartner only

Both 2020and LEDO

7

3 2

3 4

0

2

4

6

8

10 6

3

6

4

0

1

2

3

4

5

6

7

Zipline Logistics LLC plans to nearly triple its

workforce over the next three years and invest

approximately $200,000 in IT equipment and

employee training. To accommodate its growth,

the company will move from its existing Grandview

Heights location to a larger, to-be-determined

facility within the Columbus Region.

A national transportation firm focused on customer

service and using the highest quality carriers,

Zipline Logistics has earned national praise, being

recognized for the past two consecutive years as

-growing private

companies in the U.S.

Source: U.S. Patent and Trademark Office

10X PROGRAM

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*


The 10xelerator program is once again open to applications for

entrepreneurs to particate in a mentorship-driven investment

program managed by Founders Factory, with support from

Columbus 2020 and other community organizations. 10X is an

innovative business accelerator focused on maximizing the

probability of creating scalable businesses.

Since its inception 18 months ago, 10X has helped 27 startup

companies, including Acceptd, Acclaimd and Resition. In this

round, while 10X remains open to any technology startup, the

program will seek to focus on big data, education technology,

cybersecurity, and logistics and retail. Applications are due July

14. For more information, go to http://10xelerator.com/.

1,127

1,363 1,319

1,074

500

750

1000

1250

1500

Feb Mar Apr May

199 186

238

191

0

50

100

150

200

250

300

Feb Mar Apr May

98

22

91

18

85

24

99

27

Inventor Assignee

Feb Mar Apr May

WORKFORCE

6

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS


TRANSPORTATION & INFRASTRUCTURE

Ohio earns A's in manufacturing, logistics and global

reach

Conexus Indiana's 2013 Manufacturing and Logistics National

Report gives Ohio top marks for industry health and market

access. http://bit.ly/11RE2N1

Columbus no. 7 best city for new college graduates to

live

Financial literacy website NerdWallet puts Columbus in the

top ten based on population ages 18-24, bars per 1,000

residents, walkability, cost of living and unemployment rate.

http://bit.ly/11YnuZz

Fort Worth has Columbus envy

In a pitch to local companies to fund economic development,

Fort Worth officials look to Columbus as a model.

http://bit.ly/19nkUga

Columbus no. 11 military-friendly city

Columbus is listed among the top cities in the U.S. based on

presence of military-friendly employers and schools, veteran-

owned businesses, and low cost of living and unemployment.

http://militaryfriendly.com/city

For all of the latest news, visit:

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

media

Columbus Region Logistics Council job fair

On August 8, the Columbus Region Logistics

Council and the Columbus Chamber of Commerce,

in cooperation with Columbus State Community

College, will hold the next semi-annual logistics job

fair. The event brings together logistics employers

and job seekers, helping to fill industry needs in

operations, business development, transportation,

warehousing, office administration and other

functions. For more information, go to:

http://bit.ly/12pJnvc.

Rickenbacker adds cargo flights to Hong Kong

Luxembourg-based Cargolux Airlines International

will start a twice-weekly service from Rickenbacker

Airport to Hong Kong with cargo flights on Sundays

and Thursdays. This doubles the current number of

cargo flights between Rickenbacker and Hong

Kong. Kalitta Air, a Michigan-based cargo airline,

currently operates two weekly flights on the route.

The Columbus Region's fashion industry is a key

demand factor for the addition of flights.

Source: Xceligent Source: Columbus Board of Realtors

7

HOUSING SALES

$15.43

$2.96

$9.25

Industrial

Retail

7.2%

9.9%

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

Statistics, Seasonally Adjusted

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 16.1%

COMMERCIAL REAL ESTATE

(AS OF JULY 3)


REGIONAL ECONOMIC DATA

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

(WEEK ENDING 4/6/13 TO WEEK ENDING 6/29/13)

7.2% (-0.4)

Marion

27,048 (-521)

6.6% (-0.4)

Knox

27,710 (+44)

Unemployment

rate

(May 2013)

Number

employed

residents

(May 2013)

Change from

May 2012 to

May 2013

4.7% (-0.3)

Delaware

90,107 (+502)

5.9% (-0.2)

Fairfield

70,448 (+359)

5.8% (-0.4)

Franklin

591,314 (+2,808)

6.3% (-0.1)

Licking

79,713 (+425)

6.3% (-0.1)

Madison

18,864 (+96)

7.4% (+0.0)

Morrow

16,121 (+101)

7.1% (-0.1)

Pickaway

22,710 (+110)

5.3% (+0.1)

Union

25,558 (+136)

6.3% (-0.2)

Logan

21,484 (-190)

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

4/6

4/1

3

4/2

0

4/2

7

5/4

5/1

1

5/1

8

5/2

5

6/1

6/8

6/15

6/22

6/29

Continuing New

3,522 3,214

2,170

$167K

4,213 3,927

2,756

$177K

NewListings

InContracts

ClosedSales

AverageSales Price

May 2012 May 2013

150 S. Front St., Suite 200

Columbus, OH 43215

columbusregion.com614-225-6063

Monthly Economic Update | June 2013

Business

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