Monthly Economic Update | November 2013

MONTHLY ECONOMIC

UPDATE2013

NOV

2013

columbusregion.com 614-225-6063

NOVEMBER 2013 PERFORMANCE

CASE STUDY: XPERION

Jobs: 59 created

Investment:

Facilities: Manufacturing

1

PROJECTS NOVEMBER 2013 AND YEAR-TO-DATE

NUMBER OF PROJECTS STARTED

(2012 vs. 2013)

FIRST-TIME VISITS (2012 vs. 2013)

COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013

$6.3 million

NOVEMBER 2013

12 projects started

- 198 year to date

3 first time visits

- 54 year to date

25

11

27 24

20

44

16

30

20 23

28

7

20 25

18 21

27

12

18 17 13

15 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

5

8

5 4

7

3

0

3

6

9

12

15

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

2012 2013

xperion, a Germany-based automotive components

manufacturer, recently broke ground on a new, 50,000-

square-foot facility in the Columbus Region to house its

first U.S. manufacturing and sales presence.

A subsidiary of Avanco's Energy & Environment (E&E)

division, xperion's Columbus Region facility will focus on

the production of composite automotive tanks for the

compressed natural gas (CNG) sector. The facility is

located within the Central Ohio Aerospace and

Technology Center in Heath.

The Region's strong reputation in the manufacturing

sector and proximity to key automotive customers were

significant factors in xperion's location decision.

2

ACTIVE PROJECTS AS OF NOVEMBER 30, 2013

TOTAL ACTIVE PROJECTS

(110 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

48

12

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.

55%

45%

New Existing

90%

3% 7%

Columbus 2020

Local ED partners

JobsOhio

64%

22%

14%

Columbus 2020

Local ED partners

JobsOhio

28

5

16

1

0

5

10

15

20

25

30

35

30

12 15

3

0

5

10

15

20

25

30

35

55%

45%

Domestic International

84%

16%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

NOVEMBER 2013 COMPLETED ACTIVITIES

DECEMBER 2013 PLANNED ACTIVITIES

Charleston

Area Development Forum

Houston

Reinvesting in America Manufacturing Conference

BUSINESS DEVELOPMENT MISSIONS:

New York, Washington, D.C.

3


Columbus: The 2020 team attended the BioOhio Annual Conference as well as hosted several companies and site selection consultants evaluating the Columbus Region for investment.

Mexico: The 2020 team traveled to Mexico to learn more about the strategies in place to maintain North American competitiveness in manufacturing.

Germany/UK: The 2020 team met with growing companies in Germany and the United Kingdom who are considering entry into the North American market.

NOVEMBER 2013 Performance:

25 Visits in November (374 YTD)

Visits conducted by:

CASE STUDY: HMB, INC.

Jobs: 75 created

Investment:

Facilities: IT office

4

BUSINESS RETENTION & EXPANSION | NOVEMBER 2013

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR


$550,000

HMB, Inc., an information technology company, is

expanding in Westerville as a result of a continued

increase to its production service line. The expansion

includes adding 75 employees to its current roster of 135

over the next three years, and investing $550,000 in

training, software and equipment.

HMB offers full-service, on-site, custom technology

development services and business consulting services.

The new jobs represent $5.6 million in new payroll for

various IT positions, including designers, developers and

strategists.

60%

36%

4%

Columbus2020 only

Local EDpartner only

Both 2020and LEDO

10

4 3

4 4

0

2

4

6

8

10

12

8

5 6 6

0

2

4

6

8

10

12

Source: U.S. Patent and Trademark Office

CASE STUDY: 10X DEMO DAY

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.

On November 15, the ten companies completing the fourth

round of the 10X business accelerator program presented to

potential investors. Columbus-based Founders Factory took

over the 10X program last year from

Fisher College of Business and narrowed it to four industries

of focus: retail/logistics, data analytics, cybersecurity and

education technology. Each team receives $20,000 and

goes through 10 weeks of guidance and mentoring before

making their investor pitches. Teams that graduated from

the first three rounds of 10X have since attracted a

cumulative $10 million in investments.

1,140 1,114

1,020

1,207

500

750

1000

1250

1500

Jul Aug Sep Oct

170

199 176

165

0

50

100

150

200

250

300

Jul Aug Sep Oct

84

30

83

28

72

20

85

38

Inventor Assignee

July August September October

POLICY & ADVOCACY

6

TRANSPORTATION & INFRASTRUCTURE

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS


Ohio No. 8 in attracting foreign college students

The Institute of International Education ranks Ohio 8th for

the number of international college students it draws.

Among all U.S. colleges, The Ohio State University ranks

15th in international students.

http://bit.ly/1kc7yXz

Columbus claims best financial condition

Civic Federation, a Chicago-based research group, rated

Columbus as having the best financial condition among the

country's large cities.

http://bit.ly/IOH1EG

Columbus a top city for North American trade

With more than a third of the metro area's international

trade occurring with Mexico and Canada, Columbus was

ranked No. 11 among the top North American-trading cities

in the U.S. by the Brookings Institution.

http://bit.ly/1dQK8tp

For all of the latest news, visit:

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

News.aspx

Municipal income tax reform bill passes House

On November 13, the Ohio House of

Representatives passed House Bill 5: Municipal

Income Tax Reform Legislation. The bill seeks to

create a more competitive tax environment in Ohio.

It has now moved to the Ohio Senate.

The Columbus Chamber strongly supports this bill

because it fosters economic growth and helps

create jobs by reducing the administrative burden

on businesses operating in multiple locations

around the state. If you have any questions about

municipal income tax reform, contact Michael

Hartley, the Chamber's VP of Government

Relations, at [email protected].

ODOT launches statewide transit study

On November 6, the Ohio Department of

Transportation (ODOT) announced its long-term

partnering with Ohio's public transit systems to

strategize for the current and future needs of urban

and rural transportation. The study will help to

determine the most efficient and cost-effective

strategies to improve and increase ridership.

The first survey in a series of surveys was sent out

the last week of October to current transit-users to

gather input on their experiences with the systems

and what could be improved. The study will cover

Ohio's 28 urban and 33 rural public transit systems.

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 9/7/13 TO WEEK ENDING 11/30/13)


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (October 2013)

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 15.3%

COMMERCIAL REAL ESTATE

(AS OF DECEMBER 2)

HOUSING SALES

$15.96

$3.65

$9.75

Industrial

Retail

7.8%

10.0%

8.2% (+1.0)

Marion

26,719 (-701)

7.2% (+1.1)

Knox

27,564 (-324)

Unemployment

rate

(Oct 2013)

Number

employed

residents

(Oct 2013)

Change

from

Oct 2012 to

Oct 2013

5.6% (+0.8)

Delaware

91,824 (-39)

6.7% (+0.7)

Fairfield

70,638 (-31)

6.5% (+0.9)

Franklin

590,114 (-264)

7.3% (+1.3)

Licking

79,801 (-35)

7.3% (+1.1)

Madison

18,790 (-8)

7.4% (+1.1)

Morrow

16,069 (-8)

8.1% (+0.9)

Pickaway

22,630 (-10)

6.0% (+0.7)

Union

25,801 (-12)

6.7% (+0.5)

Logan

21,544 (-78)

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

9/7

9/14

9/21

9/28

10/5

10/1

2

10/19

10/2

6

11/2

11/9

11/1

6

11/2

3

11/3

0

Continuing New

2,766 2,597

2,075

$162K 2,934

2,634

2,032

$171K

NewListings

InContracts

ClosedSales

AverageSales Price

Oct 2012 Oct 2013

Monthly Economic Update | November 2013

Business

Transcript of Monthly Economic Update | November 2013