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Columbus 2020's Annual Report includes facts and figures on job growth in Columbus, major projects completed in 2011, and everything else you want to know about Columbus economic development.

Columbus 2020's Annual Report includes facts and figures on job growth in Columbus, major projects completed in 2011, and everything else you want to know about Columbus economic development.

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  • 1. 2011 ANNUAL REPORT_ About Columbus 2020_ 2011 in Review_ Economic Development System_ Successes_ New Business Development Activity_ Columbus Region Economic Sectors_ Columbus Region Logistics Council_ Highlights & Accomplishments_ Statement of Cash Flow_ Statements of Financial Position_ Statement of Activities_ Board of Directors Click a Section Above to View
  • 2. 2011 ANNUAL REPORTABOUT COLUMBUS 2020: A REGIONAL STRATEGY FOR GROWTH TO MEET OUR ECONOMIC TIMES About Columbus 2020 2011 in ReviewColumbus 2020 is a bold public-private partnership that leverages the strengths of The Columbus Region’s talentedworkforce, small and large businesses, research and academic institutions, and international connections to ignite Economic Development Systemeconomic growth and build a healthier, more sustainable future for Central Ohio. SuccessesThe initiative grows our economy by ensuring that our existing companies are growing and thriving, that the world´s New Business Development Activityleading companies are attracted to the region, that innovations are cultivated and commercialized, and that our civic Columbus Region Economic Sectorsinfrastructure is continually improving to meet the challenges of a rapidly evolving world economy. Columbus Region Logistics CouncilThis unique public-private partnership leverages dollars raised from the private sector and places the Columbus Region Highlights & Accomplishmentsin a competitive position from which it can staff a professional economic development team to market the region and Statement of Cash Flowprovide solutions to local businesses. Statements of Financial Position Statement of Activities Goals: Board of Directors — Add 150,000 net new jobs by 2020 — Increase personal per capita income by 30% — Add eight billion dollars of capital investment — Be recognized as a national leader in economic development The Plan: Columbus 2020 is focused on four core pillars of economic development: 1. Retain and expand the companies and industries that call Central Ohio home today 2. Attract major employers to establish operations in Central Ohio 3.  Create more commercial enterprises by leveraging the region’s research assets and entrepreneurs 4.  Improve the civic infrastructure and political conditions that enhance the economic development environment
  • 3. 2011 ANNUAL REPORT2011 IN REVIEW About Columbus 2020 2011 in ReviewColumbus 2020’s leadership insisted on having a bias for action in its first year of operation. The first priority was to build a teamof professionals to lead the effort and to collaborate with the various state and local economic development groups. Economic Development SystemSecondly, it was important that a board of directors be put in place to lead the public-private partnership. SuccessesFinally, it was critical that the strategy include a sustainable funding model and engage an inclusive group of local governments and New Business Development Activityprivate-sector companies to fund the strategy. Columbus Region Economic SectorsOperationally, the team’s focus was to reach out to local businesses. Along with its local economic development allies in the region’s Columbus Region Logistics Council11 counties, more than 500 companies were interviewed face to face about their challenges and opportunities for growth. The goal of thisoutreach was to better understand the region’s economic base, connect companies with their peers and make them aware of state and Highlights & Accomplishmentslocal programming available to support them. Statement of Cash FlowThe Columbus 2020 team set a new standard for marketing the region nationally and internationally, with more than 40 business missions Statements of Financial Positionto talk with developing businesses and location advisers in 25 states and six countries. The team uncovered more than 150 qualifiedprojects, hosted nearly one new company per week to investigate the region firsthand and participated in dozens of projects that have Statement of Activitiesannounced expansions and new jobs in central Ohio. Board of DirectorsTo help foster entrepreneurship in the region, Columbus 2020 collaborated with TechColumbus to create the First Customer initiative,which connects technology and biomedical startups with larger companies and institutions in the region. Although the program is in itsearly stages, more than 30 Columbus-based entrepreneurs have been engaged thus far. One success story is AKOTA Technologies, whosesoftware tool has landed a trial engagement with a major healthcare organization as a result of the First Customer initiative.Although Columbus 2020 had a productive year in 2011, its leaders want to continue the momentum throughout 2012 and beyond.Broadly, we want the Columbus Region to be recognized as a leader in economic development. With one year down, we think we’reheaded in the right direction.Kenny McDonaldChief Economic Officer
  • 4. 2011 ANNUAL REPORT CURRENTECONOMIC DEVELOPMENT SYSTEM — REORGANIZED AND RE-ENERGIZED JOBSOHIO + About Columbus 2020 Columbus 2020 2011 in Review 2011-2012 Economic Development System - Statewide collaboration Successes - State project management With - Multi-Region Collaboration New Business Development Activity Columbus 2020 - Expanded to an  Columbus Region Economic Sectors 2010-2011 11-county region Columbus Region Logistics Council - Outreach to location advisors - Outreach to location advisors Highlights & Accomplishments - International marketing - International marketing Statement of Cash Flow - Hosting of location advisors - Hosting of location advisors Statements of Financial Position - Regional branding/imaging - Regional branding/imaging Statement of Activities - Coordination with 8 counties - Coordination with 8 counties - First Customer program - First Customer program Board of Directors - OSU/Battelle collaboration - OSU/Battelle collaboration -  ollaboration with Local C - Collaboration with Local  Economic Development Economic Development Before Organizations Organizations Columbus 2020 - MODE Collaboration - MODE Collaboration 2009 - Valuable economic research - Valuable economic research - General Marketing - General Marketing - General Marketing - Earned Media - Earned Media - Earned Media - Prospect Management - Prospect Management - Prospect Management - 3 Full Time Professionals
  • 5. 2011 ANNUAL REPORTSUCCESSES About Columbus 20202Checkout.com CSX Transportation Inc. Janova Progressive Medical 2011 in ReviewAbercrombie & Fitch DariFill, Inc. Jeyes Prosper Business Development Economic Development SystemAccel DataCenter.BZ JPMorganChase Rich’s ProductsAccess America Transport Delta Energy Kern, Inc. Rimrock Corp. SuccessesAeroflex High Speed Test Solutions Diamond Innovations Knowlton Development Corp. SB Capital GroupAirgas Great Lakes Inc DSW Inc Kraft Foods/ Schenker Schwarz Paper Co. New Business Development ActivityAlcatel Lucent Duncan Simonette Lakeshore Cryotronics, Inc. SCR-Tech LLC Columbus Region Economic SectorsAlene Candles Elmer’s Management Limited Brands Inc. Sedgwick CMSAleris Rolled Products Inc Emanagement Ltd. (dba Einformatics) ManPower Professional Sika Corp. Columbus Region Logistics CouncilAlgaeventure Systems, Inc. Equity Resources Manta Media Inc. Simonton Building Products, Inc.American Howa Exel Meadowbrook Meat Co Smart Bill Highlights & AccomplishmentsAnomatic ExpressPoint Technology Services Mediu, Inc. Socius Statement of Cash FlowAoki F.T. Precision Mettler Toledo Sonoco PlasticsApelles, Inc. FacilitySource Midwest Express Inc. St. Ann’s Hospital Statements of Financial PositionAres Sportswear Ltd Fast Switch Momentive Performance Materials Stanbury DevelopmentArmourSource Fine Line Graphics Corp. Morgan Stanley Smith Barney Staples Statement of ActivitiesArmstrong World Industries Frank Brunckhorst Company, LLC Nationwide Children’s Hospital Star Dynamics Corporation Board of DirectorsArnett & Foster PLLC General Data Company Nationwide Insurance Star WipersAxium Plastics GenPak LLC Netsmart Technologies Sterling CommerceBins LLC GFS Chemicals Inc. Nissen Chemitec Stewart Ratcliff Aviation Services Inc.BMW Financial Services Green Gourmet Nutis Press Inc. TeleperformanceBob Evans Harry & David OhioHealth The Orchard & CompanyBrickman Facility Solutions LLC Health Spot Optimum Plastics Inc. Thirty-One Gifts LLCBrickman Group HealthCare DataWorks Inc. Oxford Consulting Group Tower WirelessCardington Yutaka Technologies, Inc. Honda Pacer International Inc. TransMap CorpCarmel Pharma Honda R&D Americas PACS Turner ConstructionCarr Supply Inc. Infomotion Sports Technologies Pactiv Union Supply Co./Food ExpressCatalina Tempering Insight Bank PercuVision LLC United Retirement Plan ConsultantsCelartia, Ltd. Insight Global Pet People UpdoxCentral Ohio Urology Group Inventiv Communications/ GSW PharmaForce Vee Pak of OhioCiti Fund Services Ohio, Inc. Iosil Energy Corporation Polymera, Inc. We Create Goodness LLCColumbia Gas J&K Futures, LLC dba Primrose of Gahanna Portfolio Creative Wendy’sCover My Meds LLC J.E.S Wholesale Premium Beverage Znode, Inc. Progressive Insurance Zulily Continued >
  • 6. 2011 ANNUAL REPORTSUCCESSES About Columbus 2020 2011 in Review Economic Development System Successes New Business Development ActivityExpressPoint is an industry-leading depot repair and supply chain service company that will open a logistics andrepair facility in Grove City. The company received a five-year incentive agreement from Grove City and in the first year Columbus Region Economic Sectorswould get a 50 percent rebate, receiving an estimated $10,000 in employee income taxes. ExpressPoint plans to lease Columbus Region Logistics Councila 78,000-square-foot facility, bringing 30 new jobs to the city with an average wage of $17.50 per hour. Headquartered Highlights & Accomplishmentsin Minneapolis, ExpressPoint decided to move to the Columbus region after a logistics study showed that central Ohiowould be a better location to serve its customers. The company is expected to start the move to Grove City in October Statement of Cash Flowand be fully operational in February. Statements of Financial Position Statement of Activities Board of Directorszulily is an online store offering daily sales events on products for mothers, young children and babies. The companywill be opening a fulfillment center in the Columbus Region and has signed a lease for 600,000 square feet in theVillage of Obetz. The project will create 580 jobs within a three-year period with a total payroll of over $14 million.The Columbus Region was in competition with Northern Kentucky and Eastern Pennsylvania for the project. zulilyis headquartered in Seattle and manages a Western U.S. fulfillment center in Reno, NV. Continued >
  • 7. 2011 ANNUAL REPORT About Columbus 2020 2011 in Review Economic Development SystemAoki Manufacturing, a Japanese-owned manufacturer of automobile parts, purchased a 55,000-square-foot building Successeson the west side of Columbus. It’s their first plant location outside of Japan. A Tier II supplier to Honda, the company New Business Development Activityspecializes in brakes, pistons and other precision parts. Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash FlowAnomatic is a consumer-products packaging company that supplies Limited Brands’ Bath & Body Works. The company Statements of Financial Positionreceived a 50 percent, seven-year tax credit from the state and additional incentives from the city of New Albany. Thecompany, which plans to build a 65,000-square-foot plant in New Albany, says that site will generate $4.8 million in Statement of Activitiespayroll over the next few years, with jobs paying an average wage of $12.50 per hour. The New Albany site was chosen Board of Directorsover other locations under consideration in Kentucky and Mexico. Founded in Chicago in the early 1960s, Anomatic hasreached capacity at its operation in Newark, where it employs about 650 people in headquarters and manufacturing functions.
  • 8. 2011 ANNUAL REPORTNEW BUSINESS DEVELOPMENT ACTIVITY About Columbus 2020 2011 in Review Economic Development System2011 Economic Development Missions, Visits and Conferences SuccessesIn 2011, the Columbus 2020 team traveled across the U.S. and the globe, New Business Development Activityvisiting 30 U.S. cities in 25 states and 6 foreign countries. Columbus Region Economic Sectors Columbus Region Logistics Council Seattle Portland Highlights & Accomplishments Minneapolis Connecticut Statement of Cash Flow DetroitNorthern Philadelphia NYC Park City Omaha Cleveland Statements of Financial PositionCalifornia Chicago Pittsburgh Salt Lake City Denver Indianapolis Washington, DC Statement of Activities Las VegasPasadena St. Louis Charlotte Board of Directors Palm Springs Albuquerque Greenville L.A. San Diego Atlanta Dallas Austin New OrleansIn 2011, the cumulative number of “attract” projects handled by Columbus 2020 rose above the target goal in Marchand remained so afterward. There were 154 projects initiated during the year, 23% above the target number of 125.There were 51 first-time visits in 2011, 15% below the target number of 60.
  • 9. 2011 ANNUAL REPORTCOLUMBUS REGION ECONOMIC SECTORS About Columbus 2020 2011 in Review Manufacturing Economic Development System There are nearly 1,800 manufacturers in the Columbus Region, and manufacturing contributed $9.1 billion to regional economic output. Manufacturers in the region experienced 43% increase Successes in productivity (output per worker) from 2001 to 2010. New Business Development Activity Columbus Region Economic Sectors Logistics Columbus Region Logistics Council Forty seven percent of Americans and 33% of the Canadian population are accessible within a 1 day truck drive of the Columbus Region. The region also boats a world-class multi-modal infrastructure Highlights & Accomplishments including two national and one regional rail carrier, cargo dedicated airport, a highly rated highway Statement of Cash Flow network, and four intermodal facilities handling 800,000 containers lifts annually, with land and Statements of Financial Position capacity to grow. Statement of Activities Science & Technology Board of Directors The Columbus Region is home to the world’s leading private research institution, Battelle Memorial Institute, and Forbes Magazine ranked Columbus the third best city for tech jobs. The region also boasts 54 college and university campuses, and The Ohio State University’s research expenditures alone totaled nearly $830 million. Continued >
  • 10. 2011 ANNUAL REPORTHeadquarters and Business Services About Columbus 2020Financial and business services account for nearly $39 billion in annual economic output in the 2011 in ReviewColumbus Region, where fifteen Fortune 1000 and 6 Fortune 500 companies are headquartered. Economic Development System Successes New Business Development ActivityAgribusinessAgribusiness accounts for $17.7 billion in economic output, or 11% of the regional economy. Columbus Region Economic SectorsThe Columbus Region has seen dramatic growth in agricultural and food science technicians Columbus Region Logistics Counciland scientists, and 51,530 people are employed in the agribusiness sector. Highlights & Accomplishments Statement of Cash FlowInternational BusinessOver 644 internationally-owned business establishments call the Columbus Region home. Statements of Financial PositionJapan, the United Kingdom and Canada are the largest foreign investors in the region. Statement of Activities Board of Directors
  • 11. 2011 ANNUAL REPORT About Columbus 2020 2011 in Review Economic Development System Successes New Business Development Activity Columbus Region Economic SectorsThe Columbus Region Logistics Council (CRLC) serves as the catalyst for the growth of the Region’s logistics capability. Columbus Region Logistics CouncilThe CRLC leads the implementation of a strategic roadmap that focuses on the following: Highlights & Accomplishments 1. Fostering a logistics-friendly business environment Statement of Cash Flow 2. Continuing to develop advanced logistics infrastructure 3. Infusing world-class logistics technology into the Region Statements of Financial Position 4. Building a high-skill workforce Statement of Activities Board of DirectorsColumbus 2020 continues to work with the CRLC and great partners like the Columbus Regional Airport Authorityto retain and attract world-class logistics providers.In 2011, Columbus 2020 commissioned a detailed analysis of the region’s logistics competitiveness, which highlightedthe great strengths and evolving challenges in continuing to glow the cluster. Curtis Spencer, President of IMSWorldwide, who conducted the study said, “our findings indicate that the Columbus Region is indeed still in the toptier of sites selected for efficient and predictable distribution of goods.”CRLC LinkedIn:
  • 12. 2011 ANNUAL REPORT2011 HIGHLIGHTS & ACCOMPLISHMENTS About Columbus 2020 2011 in ReviewOrganizational Development Economic Development System• Established an 11-person Board of Directors Successes• Hired talented people to execute the strategy New Business Development Activity• Helped create the JobsOhio Network Columbus Region Economic Sectors• Raised over $30 million from public/private investors to execute the strategy for the next 5 years Columbus Region Logistics CouncilBusiness Development Highlights & Accomplishments• Generated more than 150 qualified projects Statement of Cash Flow• Conducted more than 40 business development missions across North America Statements of Financial Position• Hosted 50 new companies considering our market Statement of Activities Board of DirectorsMarketing / Media Relations• Created the ColumbusRegion.com website to market the entire 11-county region• Created videos, testimonials and print advertisements• Conducted worldwide media relations and hosted journalists on a regular basis Continued >
  • 13. 2011 ANNUAL REPORTExisting Business Services About Columbus 2020• Provided research to prioritize company outreach by local economic development organizations 2011 in Review• Called on more than 500 existing companies to gather information about their needs/wants Economic Development System• Began to act as the regional liaison through the JobsOhio Network to assist businesses Successes• Provided software and training to manage a common database New Business Development Activity Columbus Region Economic SectorsAccelerating Entrepreneurship Columbus Region Logistics Council• Assisted in the creation of a “first-customer” program to accelerate growth Highlights & Accomplishments• Worked closely with TechColumbus and other area support organizations to align with JobsOhio Statement of Cash Flow• Collaborated with The Ohio State University, Battelle and other allies Statements of Financial PositionImproving our Civic Infrastructure Statement of Activities• Conducted three quarterly economic development forums Board of Directors• Held a half-day regional dialogue with 300+ attendees• Assembled the building blocks of a public/private partnership along with: – 25 public/non-profit organizations – 200 private sector investors
  • 14. 2011 ANNUAL REPORTSTATEMENT OF CASH FLOW About Columbus 2020For the Period Ended December 31, 2011 2011 in ReviewUnaudited Economic Development SystemCash Flows from Operating Activities: Successes Change in Net Assets $ 978,169 New Business Development Activity Adjustments to reconcile change in net assets to net Columbus Region Economic Sectors cash provided by operating activities: Depreciation and Amortization 58,899 Columbus Region Logistics Council Changes in Certain Assets and Liabilities: Highlights & Accomplishments (Increase) decrease in Assets: Statement of Cash Flow Pledge Receivable 45,750 Statements of Financial Position Prepaids and Other Current Assets (13,507) Statement of Activities Increase (decrease) in Liabilities: Board of Directors Accounts Payable (186,542) Accrued Expenses 349,025 Total Adjustments 253,625 Net Cash Provided by Operating Activities $ 1,231,794Cash Flow from Investing Activities: Purchases of Property and Equipment (465,155) Net Cash Provided by Operating Activities $ (465,155)Cash Flow from Financing Activities: Note Payable 434,177 Net Cash Provided by Financing Activities $ 434,177 Net Increase in Cash and Cash Equivalents $ 1,200,815 Cash & Equivalents at Beginning of Year $ 469,392 Cash & Equivalents at End of Year $ 1,683,692
  • 15. 2011 ANNUAL REPORTSTATEMENTS OF FINANCIAL POSITION About Columbus 2020As of December 31, 2011 2011 in ReviewUnaudited Economic Development SystemAssets Current Liabilities: Successes Current Assets: Accounts Payable $ 85,298 New Business Development Activity Cash and Cash Equivalents $ 1,683,692 Accrued Expenses 453,528 Columbus Region Economic Sectors Accounts Receivable, net 400,000 Due to Other Organizations – Notes Payable (ST) 61,477 Columbus Region Logistics Council Grants Receivable 250,000 Prepaid and Other Current Assets 38,507 Total Current Liabilities 600,303 Highlights & Accomplishments Total Current Assets 2,372,199 Notes Payable (LT) 372,700 Statement of Cash Flow Total Liabilities $ 973,003 Statements of Financial Position Property and Equipment: Furniture, Fixtures and Equipment $ 203,347 Statement of Activities Leasehold Improvements 360,446 Net Assets: Board of Directors Total Property & Equipment 563,793 Unrestricted $ 1,462,874 Less: Accumulated Depreciation (59,115) Temporarily Restricted 441,000 Net Property and Equipment 504,678 Total Net Assets 1,903,874 Total Assets $ 2,876,877 Total Liabilities and Net Assets $ 2,876,877
  • 16. 2011 ANNUAL REPORTSTATEMENT OF ACTIVITIES About Columbus 2020For the Period Ended December 31, 2011 2011 in ReviewUnaudited Economic Development SystemPublic Support and Revenues SuccessesPrivate Sector Contributions $ 3,577,733 New Business Development ActivityPublic Sector Contributions 1,308,855 Columbus Region Economic SectorsGrants 514,794 Columbus Region Logistics CouncilIn Kind Contributions 14,923Miscellaneous 47,197 Highlights & AccomplishmentsTotal Revenues $ 5,463,502 Statement of Cash Flow Statements of Financial PositionExpenses Statement of ActivitiesPersonnel Costs $ 1,796,101Occupancy & Related 247,226 Board of DirectorsProgram Costs 2,442,006Total Expenses $ 4,485,333 Change in Net Assets $ 978,169Net Assets at Beginning of Year 925,705Net Assets at End of Year $ 1,903,874
  • 17. 2011 ANNUAL REPORTBOARD OF DIRECTORS Additional Columbus Region Board Members include: About Columbus 2020 2011 in ReviewChairman Laing Akers* Michael Goldbeck* Economic Development SystemAlex Fischer Senior Attorney CFOPresident and CEO Squire Sanders Columbus Chamber SuccessesThe Columbus Partnership New Business Development Activity David Blom Michael Keller Columbus Region Economic SectorsTreasurer President and CEO Executive Vice President and CIO Columbus Region Logistics CouncilJack Partridge OhioHealth Nationwide President, Columbia Gas of Ohio Highlights & Accomplishments Statement of Cash Flow Marilyn Brown Gregory R. OvermyerSecretary Franklin County Board CEO, Overmyer & Associates Statements of Financial PositionEric Phillips of Commissioners Statement of ActivitiesCEO, Union CountyChamber of Commerce Board of Directors Michael Coleman Dr. Mark Smith Mayor, City of Columbus President President Ohio Christian University Kenny McDonald, CEcD*Chief Economic Officer Charles Dutch David Williams, Ph.D, Sc.D.Columbus 2020 Center Director Dean & Presidential Professor Boeing Corporation College of Engineering The Ohio State University John C. Fisher Executive Vice President *denotes Ex-Officio Ohio Farm Bureau