2012 Q1 Report
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2012 Q1 Report

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Our Q1 report, with statistics on new business attraction and expansion, employment rates, industry growth, and much more.

Our Q1 report, with statistics on new business attraction and expansion, employment rates, industry growth, and much more.

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2012 Q1 Report 2012 Q1 Report Presentation Transcript

  • QUARTERLY ECONOMIC UPDATE | Q1 2012
  • Th e QUARTERLY ECONOMIC UPDATE | Q1 2012EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES TOTAL PAYROLL EMPLOYMENT COLUMBUS REGION UNEMPLOYMENTColumbus MSA employment increased sharply during the RATEfirst quarter, gaining 9,400 jobs (1.0%). Ohio employmentincreased 0.8% and national employment rose 0.5%. The 11- 12% 102.0 -adjusted 100.0 10% Index: 1/08 = 100.0unemployment rate rose to 7.0% in March from 6.8%, but 98.0 8%remained well below the 7.5% state rate and the 8.2% U.S. 96.0 6%rate. As shown in the chart at the left, the number of active 94.0 4%local job-seekers increased during the quarter, despite a 92.0decline in March. This was the primary reason for the 90.0 2%increase in the regional unemployment rate and suggests 88.0 0% 4/09 4/08 7/08 10/08 7/09 10/09 4/10 1/08 1/09 4/11 10/11 7/10 10/10 7/11 1/10 1/11 1/12 10/08 4/09 4/08 7/08 7/09 10/09 4/10 1/08 1/09 4/11 10/11 7/10 10/10 7/11 1/10 1/11 1/12increasing optimism. Still, the difference between reportedlabor force and the level assuming normal growth indicates Columbus MSA Ohio US Columbus Region Ohio U.S.that many discouraged workers remain on the sidelines. Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Source: Local Area Unemployment Statistics, Bureau of Labor Stats. Seasonal adjustment of MSA employment by Regionomics LLC. Seasonal adjustment of regional rate by Regionomics LLC. COLUMBUS REGION LABOR FORCE 1,120 1,070 Thousands 1,020 970 920 4/11 4/08 10/08 4/09 10/09 1/10 1/08 7/09 7/08 4/10 10/10 1/09 10/11 7/10 1/11 7/11 1/12 Labor force Labor force, normal growth Resident employment Source: Local Area Unemployment Statistics, Bureau of Labor Stats. Seasonal adjustment of regional rate by Regionomics LLC. 1
  • QUARTERLY ECONOMIC UPDATE | Q1 2012EMPLOYMENT BY INDUSTRY TRANSPORTATION, WAREHOUSING & MANUFACTURINGThe charts on this and the next page highlight employment WHOLESALE 110.0 110.0Distribution industries (including transportation, 105.0 105.0warehousing, and wholesale trade) added 1,000 jobs (1.3%) Index: 1/08 = 100.0 Index: 1/08 = 100.0 100.0 100.0during the first quarter versus statewide growth of 1.9% and 95.0 95.00.6% nationwide. Manufacturing lost 3,300 jobs (5.0%) 90.0 90.0while Ohio employment increased 1.3% and U.S. 85.0 85.0employment rose 1.0%. The weakness in local 80.0 80.0manufacturing employment growth seems to be due to 75.0 75.0 70.0 70.0improving efficiency rather than weakness in the sector 4/09 4/08 10/08 1/11 7/08 7/09 10/09 4/10 10/10 1/08 1/09 4/11 10/11 7/10 7/11 1/10 1/12 4/09 4/08 10/08 1/11 7/08 7/09 10/09 1/09 4/10 10/10 4/11 10/11 1/08 7/10 7/11 1/10 1/12itself. However, Columbus Region manufacturers are likelyto reach the limit of their productivity growth and will need Columbus MSA Ohio US Columbus MSA Ohio USto increase employment, as their counterparts haveelsewhere. Business service employment increased 2,300(1.6%), better than the statewide gain of 0.5% and the U.S.gain of 1.1%. Finance and insurance lost 400 jobs (0.6%),compared to gains of 0.5% in Ohio and 0.2% nationwide. PROFESSIONAL & BUSINESS SERVICES FINANCE & INSURANCE 110.0 110.0 105.0 105.0 Index: 1/08 = 100.0 Index: 1/08 = 100.0 100.0 100.0 95.0 95.0 90.0 90.0 85.0 85.0 80.0 80.0 75.0 75.0 70.0 70.0 10/11 4/08 4/09 7/08 10/08 7/09 10/09 4/10 1/08 1/09 4/11 7/10 10/10 7/11 1/10 1/11 1/12 10/11 4/08 4/09 7/08 10/08 7/09 10/09 4/10 4/11 1/08 1/09 7/10 10/10 7/11 1/10 1/11 1/12 Columbus MSA Ohio US Columbus MSA Ohio US Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Seasonal adjustment of MSA employment by Regionomics LLC. 2
  • QUARTERLY ECONOMIC UPDATE | Q1 2012EMPLOYMENT BY INDUSTRY (continued) HEALTHCARE & SOCIAL ASSISTANCE LEISURE & HOSPITALITYColumbus MSA healthcare employment enjoyedparticularly strong growth, gaining 2,700 jobs (2.4%) versus 125.0 110.0Ohio and U.S growth of 1.4% and 0.7%, respectively. While 120.0 105.0it is possible that the Bureau of Labor Statistics may revise Index: 1/08 = 100.0 Index: 1/08 = 100.0 115.0 100.0these estimates downward later , the latest increase in 95.0 110.0healthcare employment is part of a longer-term trend. 105.0 90.0Leisure and hospitality lost 500 jobs (0.5%), compared to 100.0 85.0statewide growth of 0.1% and U.S. growth of 0.9%. 95.0 80.0Government employment was essentially unchanged in the 90.0 75.0 85.0 70.0Columbus MSA after a sustained decline in 2011. 10/08 4/09 4/08 7/08 7/09 10/09 1/09 4/10 4/11 10/11 1/08 7/10 10/10 7/11 1/10 1/11 1/12 10/10 4/08 10/08 4/09 1/11 7/09 10/09 7/08 4/10 1/08 1/09 4/11 10/11 7/10 7/11 1/10 1/12Nationwide government employment was also unchangedbut the sector gained 0.2% in Ohio. Columbus MSA retail Columbus MSA Ohio US Columbus MSA Ohio USadded a massive 3,400 jobs (3.5%) while Ohio gained 1.6%and the U.S. lost 0.3%. The $28.4 billion in taxable sales inthe Region during 2011 represented an after-inflationincrease of 2.8% from the 2010 level. GOVERNMENT RETAIL 110.0 110.0 105.0 105.0 Index: 1/08 = 100.0 Index: 1/08 = 100.0 100.0 100.0 95.0 95.0 90.0 90.0 85.0 85.0 80.0 80.0 75.0 75.0 70.0 70.0 4/08 7/11 10/08 4/09 10/09 4/10 4/11 1/08 1/09 7/08 7/09 10/10 10/11 1/10 7/10 1/11 1/12 4/09 4/08 10/08 10/09 4/10 4/11 1/08 1/09 7/08 7/09 10/10 7/11 10/11 1/10 7/10 1/11 1/12 Columbus MSA Ohio US Columbus MSA Ohio US Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Seasonal adjustment of MSA employment by Regionomics LLC. 3
  • QUARTERLY ECONOMIC UPDATE | Q1 2012CURRENT EMPLOYMENT STATISTICS REVISIONS TOTAL PAYROLL EMPLOYMENT CONSTRUCTION Each March the Bureau of Labor Statistics uses more accurate information to correct the previous two years of 950.0 40.0 Current Employment Statistics estimates. The corrections 38.0 940.0 36.0 this year increased 2011 employment significantly 34.0 930.0 Thousands Thousands particularly in the second half, as shown in the monthly 32.0 employment chart below. Average employment in 2011 is 920.0 30.0 28.0 now estimated as 916,900, an increase of 6,500 from the 910.0 26.0 original estimate. December employment was increased by 900.0 24.0 9,200. Growth for the year is now estimated at 13,600 jobs 22.0 1.5% rather than 0.7%. Annual estimates were increased by 890.0 20.0 2010 2011 2008 2009 2007 2011 2010 2007 2009 2008 6,400 for education and healthcare, 2,100 for manufacturing, and 1,200 for financial activities. The largest downward Post-rev. Pre-rev. Post-rev. Pre-rev. revisions were in construction (1,700) and business services (1,600).TOTAL SEASONALLY ADJUSTED PAYROLL MANUFACTURING WHOLESALE TRADEEMPLOYMENT, MONTHLY 930.0 80.0 39.5 78.0 920.0 76.0 39.0 74.0 38.5 910.0 Thousands Thousands Thousands 72.0 38.0 900.0 70.0 68.0 37.5 890.0 66.0 37.0 880.0 64.0 62.0 36.5 870.0 60.0 36.0 2010 2011 2008 2007 2009 2011 2010 2007 2008 2009 Post-rev. Pre-rev. Post-rev. Pre-rev. Post-rev. Pre-rev.Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Source: Current Employment Statistics, U.S. Bureau of Labor Statistics.Seasonal adjustment of MSA employment by Regionomics LLC. 4
  • QUARTERLY ECONOMIC UPDATE | Q1 2012CURRENT EMPLOYMENT STATISTICS REVISIONS (continued)RETAIL TRADE TRANSPORTATION & WAREHOUSING FINANCIAL ACTIVITIES PROFESSIONAL & BUSINESS SERVICES 104.0 52.0 74.0 156.0 103.0 73.0 102.0 50.0 154.0 72.0 101.0 48.0 152.0 Thousands Thousands Thousands 71.0 Thousands 100.0 99.0 46.0 70.0 150.0 98.0 69.0 97.0 44.0 148.0 68.0 96.0 42.0 146.0 95.0 67.0 94.0 40.0 66.0 144.0 2010 2011 2007 2008 2009 2010 2011 2007 2010 2008 2009 2011 2007 2009 2008 2010 2011 2007 2008 2009 Post-rev. Pre-rev. Post-rev. Pre-rev. Post-rev. Pre-rev. Post-rev. Pre-rev.EDUCATION & HEALTH SERVICES LEISURE & HOSPITALITY OTHER SERVICES GOVERNMENT 135.0 90.0 38.0 160.0 37.5 130.0 89.0 159.0 37.0 125.0 158.0 Thousands Thousands 88.0Thousands 36.5 Thousands 120.0 87.0 36.0 157.0 35.5 115.0 86.0 156.0 35.0 155.0 110.0 85.0 34.5 34.0 154.0 105.0 84.0 2011 2010 2007 2010 2008 2009 2011 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 2008 2009 2007 Post-rev. Pre-rev. Post-rev. Pre-rev. Post-rev. Pre-rev. Post-rev. Pre-rev.Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. 5
  • QUARTERLY ECONOMIC UPDATE | Q1 2012COMMERCIAL REAL ESTATE AIRPORT PASSENGERS & CARGOINDUSTRIAL REAL ESTATE VACANCY RATES PORT COLUMBUS INTL. AIRPORT PASSENGERS 25.0 2,000 1,800 Thousands of passengers 20.0 1,600 1,400 Percent 15.0 1,200 10.0 1,000 800 5.0 600 400 0.0 200 2011-Q1 2012-Q1 2008-Q3 2009-Q1 2009-Q2 2009-Q3 2009-Q4 2008-Q1 2008-Q2 2008-Q4 2007-Q1 2007-Q2 2007-Q3 2007-Q4 2010-Q3 2010-Q1 2010-Q2 2010-Q4 2011-Q2 2011-Q3 2011-Q4 0 Q1 Q2 Q3 Q4 2008 2009 2010 2011 2012 Columbus U.S.Source: CB Richard Ellis. Source: Columbus Regional Airport Authority.OFFICE VACANCY RATES RICKENBACKER INTL. AIRPORT CARGO HANDLED 25.0 60,000 20.0 50,000 Thousands of pounds Percent 15.0 40,000 10.0 30,000 5.0 20,000 0.0 10,000 2011-Q1 2012-Q1 2008-Q3 2009-Q1 2009-Q2 2009-Q4 2009-Q3 2008-Q1 2008-Q2 2008-Q4 2007-Q1 2007-Q2 2007-Q4 2007-Q3 2010-Q3 2010-Q1 2010-Q2 2010-Q4 2011-Q3 2011-Q2 2011-Q4 0 Q1 Q2 Q3 Q4 2008 2009 2010 2011 2012 Columbus U.S.Source: CB Richard Ellis. Source: Columbus Regional Airport Authority. 6
  • QUARTERLY ECONOMIC UPDATE | Q1 2012HOUSING RESIDENTIAL BUILDING PERMITS, RESIDENTIAL SALES, COLUMBUS MLSA total of 1,301 residential building permits were issued in COLUMBUS MSA AREAthe Columbus MSA during the first quarter of 2012, 25.5% 1,800 8,000more than were issued during the first quarter of 2011. The 1,600multi-unit category continued to represent an unusually 1,400 6,400 Numbner of Permits Numbner of Saleslarge share of total activity (58.6%); single-unit permits 1,200 4,800were down 10.5% from last year. The corresponding U.S. 1,000changes were a 30.5% increase in total permits and an 800 3,20018.7% increase in single-unit. Quarterly home sales in the 600 400Columbus Multiple Listing Service area (larger than and 1,600 200somewhat different from the Region) totaled 3,993, up 0 09.4% from the first quarter of 2011. Total dollar volume of Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4sales increased 13.7% to nearly $600 million. Nationally, 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012home sales during the quarter were up 7.2% from last year,but were 14.4% higher in the Midwest. Source: U.S. Census Bureau. Source: Columbus Board of Realtors. CHANGE IN RESIDENTIAL SALES FROM SAME QUARTER PREVIOUS YEAR 40% 30% Percent Change 20% 10% 0% Columbus MLS -10% U.S. -20% -30% 2011-Q3 2012-Q1 2009-Q1 2009-Q2 2009-Q4 2009-Q3 2008-Q1 2008-Q2 2008-Q4 2008-Q3 2010-Q1 2010-Q2 2010-Q4 2010-Q3 2011-Q1 2011-Q2 2011-Q4 Source: Columbus Board of Realtors, National Association of Realtors. 7
  • QUARTERLY ECONOMIC UPDATE | Q1 2012HOUSING (continued) Columbus MSA house prices in the fourth quarter of 2011 MSA HOUSE PRICE CHANGE, 2ND QUARTER 2007 TO 4TH QUARTER 2011 were down 2.0% from a year earlier, compared to losses of 2.6% in Ohio and 3.0% nationwide. The local loss was Pittsburgh smaller than 43 of the 64 million-plus regions in the U.S. Austin Since the price peak in the second quarter of 2007, Oklahoma City Columbus MSA prices on average are 5.9% lower, Indianapolis compared to a U.S. loss of 15.4%; Columbus ranks 15th out Raleigh of the 64 large regions. Seven U.S. regions have Nashville-Davidson completely recovered and are achieving new housing price Columbus -5.9% highs; among these Pittsburgh is best, with average house Cincinnati prices 5.5% higher than the 2007 peak. In contrast, West St Louis Palm Beach and Fort Lauderdale are down 44%, Miami and Kansas City Orlando are down 45%, Phoenix and Riverside-San Charlotte Bernardino are down 47%, and Las Vegas is down 59%. Milwaukee Cleveland United States -15.4% MinneapolisFHFA HOUSE PRICE INDEX Chicago San Diego Detroit 105.00 Index: 1st Qtr. 2007 = 100.0 Jacksonville 100.00 -40% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 95.00 Source: Federal Housing Finance Agency House Price Index. 90.00 85.00 80.00 2007-Q1 2009-Q1 2009-Q3 2008-Q1 2008-Q3 2007-Q3 2010-Q1 2010-Q3 2011-Q1 2011-Q3 Columbus MSA Ohio U.SSource: Federal Housing Finance Agency House Price Index. 8
  • QUARTERLY ECONOMIC UPDATE | Q1 2012GDP AND INFLATION HISTORIC AND FORECAST U.S. GDP; HISTORIC PERSONAL CONSUMPTIONU.S. Gross Domestic Product (GDP) increased at an annualrate of 2.2% in the first quarter, less than the previous 6% Annualized Change (Percent) 4%was equal to the expectation of economists in the Wall 2%Street Journal forecasting survey, although less than 0%forecast in the Bloomberg survey. One positive sign was -2%the strongest growth in personal consumption in more than GDP -4%a year (an annual rate of 2.9%) as consumer confidence -6% Personal Cons.continued to improve from its lows of last summer. Exp. -8%Business investment growth slowed, however. The April -10%Wall Street Journal survey expected GDP growth to rise to 2010-3 2011-1 2012-3 2007-1 2007-2 2007-3 2007-4 2010-1 2010-2 2010-4 2011-3 2011-2 2011-4 2012-1 2012-2 2012-4 2008-3 2009-1 2009-2 2009-3 2009-4 2008-1 2008-2 2008-42.7% by the fourth quarter. Economists in the survey putthe risk of a recession at less than 20% the lowest level inmonths although they remain concerned about oil prices Source: U.S. Bureau of Economic Analysis, Wall Street Journal Economic Forecasting Survey.and the European economy. CPI INFLATION, LARGE MIDWEST CITIES 6% Annualized Change (Percent) 5% 4% 3% 2% 1% All items 0% Excl.Food & -1% Energy (core) -2% -3% 2010-1 2011-2 2012-1 2007-1 2007-2 2007-4 2007-3 2010-3 2010-2 2010-4 2011-1 2011-4 2011-3 2009-3 2008-1 2008-3 2009-1 2009-2 2009-4 2008-2 2008-4 Source: Consumer Price Index (CPI-U), U.S Bureau of Labor Statistics 9
  • QUARTERLY ECONOMIC UPDATE | Q1 2012COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-APR 2012 NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)As of April 2012, Columbus 2020 had 78 projects startedyear to date, more than 40 percent higher than the 2011 30 27 15pace. There were also 30 first-time visits to the Columbus 25 12Region by companies year to date through April, more than 25 12 19double the 2011 pace. 20 18 9 17 16 9 8 8 14 7 7 15 12 13 6 12 11 11 10 5 9 9 9 6 10 4 4 3 5 3 2 2 2 2 0 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2012 2011 2012 PROJECTS ACTIVE AT END OF EACH MONTH PROJECTS ACTIVE AT END OF EACH MONTHThe composition of projects in the pipeline has changed in BY INDUSTRY2012 compared to 2011. Existing business projects nowmake up 30-40 percent of projects active at any given 80 70 73 Jul 2011 Oct 2011 64 65 66 66 70 61 61 59time, compared to 10-15 percent in 2011. Establishment of 58 57 13% 12% 54 53 60Columbus 2020s Business Retention and Expansion team 17% 17% 50 44 52% 39 59%has been a major factor. Industry composition has also 34 34 40 19%shifted. Office projects represent a greater share now: up 11% 30 17from 11 percent in July 2011 to 34 percent in April 2012. The 20 10 8 7 6 6 7 8 Jan 2012 Apr 2012 5number of manufacturing projects has remained steady, 10 8%but the percent share fell from 59 to 41 percent. 0 15% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 17% 49% 41% 2011 2012 17% 19% 34% Existing New Manufacturing Office Logistics Tech/R&D 10
  • QUARTERLY ECONOMIC UPDATE | Q1 2012COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-APR 2012 2012 Q1 COMPLETED ACTIVITIES 2012 Q2 PLANNED ACTIVITIESIn the first quarter of 2012, the Columbus 2020 Attractteam traveled across the U.S. and the globe visiting 11 U.S.cities and three foreign countries. Visits included businessdevelopment missions, industry conferences, andconsultant and active project calls. Second quarter visitsinclude 9 U.S. cities, including revisiting New York, Chicagoand Orlando, and two foreign countries. In all of 2011, theteam visited 30 U.S. cities and six foreign countries. EXISTING BUSINESS VISITS CONDUCTED BY EXISTING BUSINESS VISITS CONDUCTED BYThe Columbus 2020 Business Retention and Expansion INDUSTRY PLACEteam and our local economic development partners Tech/ 100conducted a combined total of 199 visits to businesses in R&D 80the Region during the first four months of 2012, 8% Logistics 60approximately 7 percent higher than the overall pace for 10% 402011. Manufacturing businesses represent a 43 percent Manu- 20share of visits, followed by headquarters and business facturing 0services at 39 percent. This corresponds with the active 43%projects data on page 10 (bottom right) and reflects the Office 39%influence of business retention/expansion visits on projectsfurther on in the pipeline. Columbus 2020 Local ED Partner 11
  • QUARTERLY ECONOMIC UPDATE | Q1 2012NOTABLE EXPANSIONS & LOCATIONS | JAN-APR 2012 ED PROJECT ANNOUNCEMENTS BY ED PROJECT ANNOUNCEMENTS - JOBColumbus 2020 tracks economic development project INDUSTRY CREATIONannouncements in the Columbus Region. Our database contains 47projects for the first four months of 2012, about the same pace as the 10,000 2011 Jan-Apr 2012139 projects for all of 2011 . Of the 47 projects, 45% have been in 7,839 8,000manufacturing and 27% in headquarters/office functions, roughly 19% 15% 5,840similar to 2011 numbers. Projects year to date in 2012 represent a 6,000 44% 45%combined total of more than 5,000 jobs anticipated to be created or 12% 13% 4,132retained. 4,000 25% 27% 2,423 2,000 1,504 1,083 0 Attract Expand Retain Manufacturing Office Logistics Tech/R&D 2011 Jan-Apr 2012 ED PROJECT ANNOUNCEMENTS, COUNT ED PROJECT ANNOUNCEMENTS, COUNT BY MUNICIPALITY BY PLACE 20 16 16 12 12 9 8 5 5 4 0 Columbus Dublin Mount Rest of Rest of Vernon Franklin Region County 12
  • QUARTERLY ECONOMIC UPDATE | Q1 2012NOTABLE EXPANSIONS & LOCATIONS | JAN-APR 2012COMPANY DESCRIPTION CITY COUNTY NO. OF JOBS TYPEAccess America Transport Freight services Hilliard Franklin 28 ExpansionAgri-Industrial Products LLC Manufacturer and distributor of replacement parts for agricultural, landscaping, industrial markets Columbus Franklin NA ExpansionAleris Residential aluminum building products Ashville Pickaway 68 ExpansionAriel Corporation Gas compressors Mount Vernon Knox 100 ExpansionASK Chemical LP Chemicals Dublin Franklin 74 Retention / ExpansionBanner Metals Manufacturer of parts for aviation, auto, construction equipment Columbus Franklin 40 ExpansionBoeing Corporation Electrostatically supported gyro navigation repair line Heath Licking NA ExpansionCall Copy Information services and software Columbus Franklin 60 ExpansionCardington Yutaka Tier II Honda supplier Cardington Morrow 200 ExpansionCleverley & Associates Health care data and cost analysis for hospitals Worthington Franklin 34 Retention / ExpansionClosed Loop Refining and Recovery Electronic recycling Columbus Franklin 55 AttractionColumbus Galvanizing Steel galvanizing Columbus Franklin NA ExpansionContactUS LLC Contact center for clients in need of inbound and outbound support Columbus Franklin NA ExpansionExel Logistics Obetz Franklin 275 AttractionF.T. Precision Rocker arms supplier for Honda Fredericktown Knox 100 ExpansionFIMM USA, Inc. Manufacturer of metallic broom and mop handles, tools and snow shovels Columbus Franklin 25 AttractionHFI LLC Honda supplier Canal Winchester Fairfield 205 Retention / ExpansionHonda R&D Automotive research and development Marysville Union NA ExpansionHonda Transmission Automatic transmissions for Accord, Acura TL, Acura MDX, Acura RDX Russells Point Logan 100 ExpansionHonda/Acura Autmotive manufacturing East Liberty Logan NA ExpansionHoward Hanna Real estate brokerage office Upper Arlington Franklin 50 AttractionHubbard Enterprises, LLC Manufacturer of rigs for oil and gas industry Lancaster Fairfield 40 AttractionHumana Office Dublin Franklin 200 ExpansionITM Marketing Call center Granville Township Licking 100 AttractionJ P Morgan Chase Financial services Westerville Delaware 350 ExpansionKnox Community Hostpital Hospital Mount Vernon Knox 126 ExpansionLa Senza Fashion retailer Columbus Franklin 50 ExpansionManifold & Phalor, Inc. Metal products fabrication, die and mold refurbishing and engineering services. Canal Winchester Fairfield 30 Expansion 13
  • QUARTERLY ECONOMIC UPDATE | Q1 2012NOTABLE EXPANSIONS & LOCATIONS | JAN-APR 2012COMPANY DESCRIPTION CITY COUNTY NO. OF JOBS TYPEMarcy Industries Fabrication, machining, welding Marion Township Marion 6 ExpansionMount Vernon Nazarene University Higher education Mount Vernon Knox 5 ExpansionNestle USA Research laboratory Dublin Franklin 200 Retention / ExpansionOhio University Medical Campus New medical college campus Dublin Franklin NA AttractionOxford Consulting Group, Inc. IT consulting Westerville Franklin 50 ExpansionPacer International Logistics Dublin Franklin 455 Retention / ExpansionPACS Switch gears and control panels Mount Vernon Knox 155 Retention / ExpansionQuantum Health Inc Management of health care benefits and services Columbus Franklin 525 ExpansionRampart Hosting LLC Information Services and Software Columbus Franklin 39 ExpansionRele Sales and distribution center of protective floor boards Columbus Franklin 2 AttractionResource Ventures, LTD Online marketing services and consulting Columbus Franklin 163 ExpansionRolls-Royce Energy Systems Gas powered turbines Mount Vernon Knox 335 Retention / ExpansionRxScan medical bracelet scanners for pharmaceutical use Powell Delaware 13 Retention / ExpansionSwitchbox Inc. Web development and IT solutions Worthington Franklin 40 ExpansionTech International Tire repair and wheel services Johnstown Licking 29 ExpansionVeeva Systems Cloud based business services Hilliard Franklin 9 ExpansionVeriano Fine Foods & Spirits Tessora Limone and other spirited beverage products New Albany Franklin 15 AttractionYachiyo Manfucturer of gas tanks for Honda Marion Marion 40 ExpansionZulily, Inc. E-commerce fufillment center Obetz Franklin 580 Attraction The Columbus 2020 economic update for the first quarter of 2012 covers regional economic data and economic development activities from January to March. This update was prepared by the Columbus 2020 Research Team and Bill LaFayette, Ph.D., RegionomicsTM LLC. 14