August 2012 Monthly Report
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August 2012 Monthly Report

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Our August 2012 Monthly Report, summarizing all of our activity throughout the month.

Our August 2012 Monthly Report, summarizing all of our activity throughout the month.

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August 2012 Monthly Report Presentation Transcript

  • 1. MONTHLY ECONOMIC UPDATE | AUGUST 2012
  • 2. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012PROJECTS AUGUST 2012 AND YEAR-TO-DATEAUGUST 2012 & YTD PERFORMANCE NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)August 2012 15 5018 Projects (176 YTD) 12 37 126 First Time Visits (50 YTD) 40 9 27 9 8 8 30 25 7 7 7 22 21 6 6Year to Date 18 18 16 19 20 17 6 5Through August 2012, Columbus 2020 had 176 projects 12 14 12 13 4 4 4 9 11 11 9 9 10 3 3started year to date, 83 percent higher than the 2011 10 3 2 2 2 2pace. There were also 50 first-time visits to the 0 0 0Columbus Region by companies year to date through Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAugust, 43 percent higher than the 2011 pace. 2011 2012 2011 2012 CASE STUDY: NIAGARA BOTTLING Niagara Bottling LLC has announced it will invest $50 million in the Columbus Region, starting with the purchase of a 308,000-square-foot facility in Gahanna. The new operation will result in 73 jobs, with an average hourly wage of $19.99. Total payroll is expected to reach $3 of operation. Jobs: 73 The California-based company, which started bottling five- Capital Investment: $50 million gallon glass containers of water for homes and offices in Facility: Manufacturing the early 1960s, now supplies single-serve, private label 308,000 sf bottled water to grocery, club store, convenience and wholesale customers throughout the U.S. For its 13th plant, Niagara chose the Columbus Region over locations in Michigan and Kentucky because of the available workforce and market access. 1
  • 3. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012ACTIVE PROJECTS AS OF AUGUST 31, 2012TOTAL ACTIVE PROJECTS EXPANSION PROJECTS: EXPANSION PROJECTS:(136 PROJECTS) PROJECTS BY SOURCE PROJECTS BY INDUSTRY 35 30 26 22% 25 40% 20 17 15 20% 58% 60% 10 7 4 5 0 Columbus 2020 New Existing Local ED partners JobsOhioATTRACTION PROJECTS: ATTRACTION PROJECTS: ATTRACTION PROJECTS: ATTRACTION PROJECTS:SUSPECTS AND PROSPECTS PROJECTS BY SOURCE PROJECTS BY INDUSTRY DOMESTIC/INTERNATIONAL 70 60 60 40 36 35 50 30 25 40 23% 25 35% 30 22 20 20 4% 15 10 11 10 73% 65% 10 0 5 Suspect Prospect 0 Suspects = Projects identified and qualified via direct dialogue with the Columbus 2020 company or consultant representing the Domestic International Local ED partners company. JobsOhio Prospects = Projects qualified, parameters defined and the company or consultant has visited the Region. 2
  • 4. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIESAUGUST 2012 COMPLETED ACTIVITIES Salt Lake City: The 2020 team attended the Logistics Development Forum, networking with consultants and economic developers to discuss logistics site selection. Detroit: The 2020 business development team conducted a market visit in the Detroit area, meeting with site selection consultants to discuss their project pipeline. Cleveland: The 2020 business development team travelled to Cleveland to meet with site selction consultants engaged with active projects in the Columbus Region. Canada, The 2020 business development team conducted a mission to Toronto, meeting with Canadian companies that are considering expansion or relocation options within the United States.SEPTEMBER - NOVEMBER 2012 PLANNED ACTIVITIES Orlando CoreNet Global Summit Minneapolis US Midwest Japan Association Annual Meeting Houston IEDC Annual Conference Atlanta International Air Cargo Conference Columbus, San Diego, Omaha, Chicago, Los Angeles Farm Science Review (London, OH), Colliers Annual Conference, IAMC, Area Development Forum, SIOR Fall World Conference BUSINESS DEVELOPMENT MISSIONS: California, Denver, SLC, Charlotte, Greenville, Dallas INTERNATIONAL ACTIVITIES: Columbus 2020 China, Japan & European Missions 3
  • 5. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012BUSINESS RETENTION & EXPANSION | AUGUST 2012BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY INDUSTRY August 2012 Performance: 30 29 30 27 56 Visits in June (367 YTD) 25 25 47 by 2020 staff and 9 reported by local 20 20 economic development partners 16 15 15 15 10 7 10 7 7 16% 4 5 5 Columbus 2020 0 0 Local ED Columbus Dublin All other All other partners Franklin Region 84% CountyCASE STUDY: STANLEY ELECTRICStanley Electric, a supplier to Honda and other automakers, willinvest $56 million over three years in its London manufacturingplant. In 2008, Stanley had started an expansion project todouble the size of the facility, but this was stalled by therecession. The new investment will complete this expansion Jobs: 600+ retainedand allow the company to produce a new line of lights for Capital investment: $56 millionHonda and Nissan. Facility: Manufacturing (existing)Madison Countys largest employer, Stanley Electric has beenin London since 1981. The company currently occupies morethan 700,000 square feet for lighting and mold design,engineering and production. Improvements to the facility willhelp keep it competitive against moving operations abroad. 4
  • 6. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012BUSINESS CREATIONNEW BUSINESS REGISTRATION* BUSINESS DISSOLUTIONS, PATENTS BY REGION INVENTORS & SURRENDERS, WITHDRAWALS ASSIGNEES 1500 200 178 94 171 84 1,216 160 141 146 1250 1,163 1,155 66 58 1,018 120 1000 80 23 24 25 21 750 40 500 0 Apr May Jun Jul Apr May Jun Jul Inventor Assignee Apr May Jun JulSource: Ohio Secretary of State Source: U.S. Patent and Trademark Office*Note: Registrations are only an indicator of business formation and do not represent actual new businesses. For example, a registration may be filed toreserve 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.CASE STUDY: P&C PHARMA, INC.Patients & Consumers Pharma, Inc. recently announced anaward of early funding from the Ohio Third Frontier program. ATechColumbus TechGenesis grant will support the developmentof INSTA Compounding System.INSTA is the first automated device that can fully compoundtablets and capsules, allowing pharmacists and other healthcareworkers to serve patients liquid formulas on demand. Thecompany will initially target a variety of pharmacy settingsincluding hospitals, community and military medical facilities.Originally founded in Pennsylvania, P&C Pharma is nowrelocating the majority of its operations to the Columbus Region,where it will conduct the development of INSTA. The companyhas plans to raise its first round of investments before the end of2012. 5
  • 7. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012ECONOMIC DEVELOPMENT NEWSCOLUMBUS IN THE NEWS LEGISLATION AND ADVOCACY WORKFORCEMore than 40 Columbus Region companies on Inc. 5000 Ohio Common Sense Initiative. On August 6, the Meeting with SelectUSA. On August 28, SelectUSA,Inc. magazines list of the 5,000 fastest-growing companies Common Sense Inititative (CSI) Office released its 2012 an initiative of the U.S. Department of Commerce,in the U.S. contains 42 companies from the Region. mid-year report on activities. The CSI Office was hosted a meeting with economic developmenthttp://bit.ly/OVklCd established by Governor John Kasich in January 2011 to professionals from around the country. Kenny evaluate the economic impact of state agency McDonald of Columbus 2020 attended the one-dayEcoSummit to bring a global audience to Columbus regulations on Ohio businesses. meeting in Washington D.C. along with otherFrom September 30 to October 5, EcoSummit 2012 will members of the International Economic Development During the first six months of 2012, the CSI Officebring together the worlds most respected minds in Council. They met completed reviews of 52 draft rule packages, comprisingecological science, with more than 1,500 delegates from 75 Business Advisory Council and other organizations to 529 total rules. CSI also responded to requests fromcountries. http://bit.ly/U6CBsI discuss issues affecting the nations economy and businesses to ensure fair implementation of rules, byColumbus featured in the New York Times facilitating meetings with relevant state agencies and byThe New York Times features the Short North arts district expediting decisions and actions that impactedand various development projects. http://bit.ly/OL9zeB businesses. http://www.governor.ohio.gov/Portals/0/pdf/CSI/2012% 20CSI%20Mid-Year%20Report%20-%20Final.pdf. Comprehensive Economic Development Strategy. Over the past several months, Columbus 2020 has gathered input from the 11-county region, meeting with public and private leaders and a variety of economic development professionals to develop a draft Comprehensive Economic Development Strategy (CEDS). This process has allowed the Columbus Region to build upon the initial Columbus 2020 strategy from nearly three years ago. The CEDS will eventually be submitted to the U.S. Economic Development Administration and will open up new opportunities for federal resources. Prior to finalizing the CEDS, Columbus 2020 is soliciting public comment for a 30 day period ending September 23. To view the draft plan and submit comments, please visit: http://columbusregion.com/ceds. 6
  • 8. COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2012REGIONAL ECONOMIC DATANUMBER EMPLOYED AND UNEMPLOYMENT RATE (JULY 2012) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS (WEEK ENDING 6/2/12 TO WEEK ENDING 9/1/12) Continuing NewUnemployment Change from July 2011 to 13,000 1,800 rate (July 2012) July 2012 1,600 12,500 1,400 7.9% (-2.3) 7.0% (-2.6) 12,000 1,200 Marion Morrow 16,045 (+412) 1,000 26,932 (-301) 11,500 800 6.9% (-3.0) 7.0% (-2.3) 11,000 600 Logan Knox 400 20,781 (-207) 4.9% (-1.3) 10,500 27,143 (+293) 200 Delaware 5.4% (-2.7) 10,000 0 88,997 (+2,054) 6/2 6/9 6/16 6/23 9/1 8/18 8/4 8/11 8/25 7/7 7/14 7/21 7/28 6/30 Union 25,378 (+589) Number employed 6.5% (-2.1) Source: Ohio Department of Job and Family Services residents Licking (July 2012) 79,614 (+1,858) 6.1% (-1.7) Franklin 5.7% (-1.0) 584,705 (+13,050) Madison 18,896 (+428) COMMERCIAL REAL ESTATE HOUSING SALES 6.1% (-1.8) (AS OF AUGUST 31) Fairfield $187K 7.5% (-2.1) 70,289 (+1,595) $169K Pickaway Direct Asking 3,0043,123 2,979 Use Vacancy Rate Rent 22,617 (+507) (per sf) 1,931 1,941 2,096 Office 15.4% $14.95Source: U.S. Bureau of Labor Statistics, Local Area UnemploymentStatistic, Seasonally Adjusted Industrial 9.1% $3.23 New In Closed Average Listings Contracts Sales Sales Price Retail 10.2% $9.68 Jul 2011 Jul 2012 Source: Xceligent Source: Columbus Board of Realtors 7