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Columbus 2020 2012 Annual Report
 

Columbus 2020 2012 Annual Report

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Review the goals and successes of 2012 in the Columbus Region

Review the goals and successes of 2012 in the Columbus Region

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    Columbus 2020 2012 Annual Report Columbus 2020 2012 Annual Report Presentation Transcript

    • 201220122012 ANNUAL REPORT
    • 1COLUMBUSREGION.COM Table of Contents2012 in review. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Activities driving results. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Progress towards goals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Public-private partnership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Awards and accolades. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Regional successes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Telling our story across the globe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Statement of cash flow. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Statement of financial position. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Statement of activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Columbus 2020 team. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Columbus 2020 board of directors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 232012 ANNUAL REPORT
    • 3COLUMBUSREGION.COM 2012 IN REVIEWWe’ve always known that the Columbus Region is special. Now the rest of the world is starting to understand why.2012 was a good year for our region and thousands of citizens who had the opportunity to return to work, starta business or expand their existing operation.Success touched each of our key economic sectors and the result is a continued march upward toward our10-year goals. Whether a new company joins our ranks or an existing company grows, opportunities are generatedfor individuals and families. Last year, more than 100 companies made the positive decision to add jobs, invest inour region and grow within one of our communities.We’re keeping score and so is the nation. The Columbus Region is one of the top 10 metros in the country for thefirst time in many years due to our growth. Recognition like that belongs to the job creators first, and secondly tothe private and public investors of Columbus 2020. Without them, we would be passively awaiting what’s next,instead of boldly claiming our preferred future.Our commitment is to continue serving growing businesses while adjusting our tactics to fit each year’s challengesand opportunities. The vitality of our region depends on it, and we are honored to rise to the challenge.Sincerely,Kenny McDonaldChief Economic OfficerColumbus 20202012 ANNUAL REPORT
    • 5COLUMBUSREGION.COM ACTIVITIES DRIVING RESULTSSUCCESSDiscover FinancialServices will adda $76 million datacenter and create162 permanent newjobs at its campusin New Albany.STORY2012 ANNUAL REPORTMarketing and Promotion - the multifaceted marketing strategy of Columbus2020 garnered more than 200 million impressions and a 400 percent increasein website traffic. Key initiatives included a print and digital advertising campaign,national and international media relations, inbound media tours, and advertisingand branding at key locations such as Port Columbus International Airport.Global Outreach - Columbus 2020 executed 56 business development missionsin more than 20 states and six international markets. These missions focusedon meeting face-to-face with hundreds of prospective companies, site locationadvisors and other project influencers.Existing Industry Outreach - Columbus 2020 and our regional economicdevelopment partners executed 455 visits with companies that haveoperations in the Columbus Region. These visits focused on identifyingrisks and opportunities with economic base companies.Focus on High-Growth Companies - Columbus 2020 and TechColumbus havepartnered to design and execute a one-of-a-kind program called First Customer.Twenty-three companies presented to the steering committee, and a handfulof these companies won meaningful contracts with local institutions. Growthand development of these young companies has been accelerated.
    • 7COLUMBUSREGION.COM ACTIVITIES DRIVING RESULTS2012 ANNUAL REPORTProject Management - the Columbus Region’s business development activitiesled to the identification and qualification of more than 250 projects managedby the Columbus 2020 team. A total of 111 companies announced newlocations, expansions or retentions through December.Convening of Industry Leaders - Columbus 2020 and its partners at theColumbus Chamber of Commerce, the Mid-Ohio Development Exchange andthe Columbus Partnership held dozens of meetings with public and privatesector leaders to better understand the opportunities and challenges presentedby the economy. The Franklin County Retail Summit was one such event, as wasthe Economic Development 411 meeting, which brought nearly 400 stakeholderstogether to discuss the economic future of the Region.EDA Designation - Columbus 2020 coordinated with groups across the 11-countyarea to develop a Comprehensive Economic Development Strategy that hasbeen submitted and approved by the Economic Development Administration.Brookings Metropolitan Export Initiative - Columbus was selected to be oneof eight regions in the United States that has the opportunity to work withThe Brookings Institution to build a metropolitan export strategy, an importantpart of our regional economy.IBM will create 500high-tech jobs overthe next three yearswith the openingof its AnalyticsSolutions Lab,positioning Columbusas a national andinternational centerfor big-data analytics.SUCCESSSTORY
    • 8 PROGRESS TOWARDS GOALSSource: Columbus 2020, 2011–2012; Ohio Private InvestmentSurvey 2012, Ohio Department of DevelopmentCAPITAL INVESTMENTANNOUNCED GOAL$8BILLION$3.15BILLION39.5%ofgoal0123456789NEW JOBSNEW JOBS GOAL150,00045,78930.5%ofgoal20,00040,00060,00080,000100,000120,000140,000160,0000AGC Glass CompanyNorth America, Inc.,a glass manufacturerand supplier, plansto create 100 jobsand invest $28.75million as itexpands its facilityin Bellefontaine,northwest ofMarysville.SUCCESSSTORYSource: Columbus 2020, 2011–2012; Ohio Private InvestmentSurvey 2012, Ohio Department of DevelopmentCAPITAL INVESTMENTANNOUNCED GOAL$8BILLION$3.15BILLION39.5%ofgoal0123456789NEW JOBSNEW JOBS GOAL150,00045,78930.5%ofgoal20,00040,00060,00080,000100,000120,000140,000160,0000Capital investment New Jobs
    • 9COLUMBUSREGION.COMSUCCESSIn a move to expandits presence in theColumbus Region,DSW Inc. will extendits 65 percent JobCreation Tax Creditfor another fouryears, adding 200additional jobs inCentral Ohio.STORY2012 ANNUAL REPORT$37,688 $39,549$48,995$50,791$43,576$56,3292010 2011 GOAL 2012 JOBSCREATEDNEW2012 JOBSCREATEDEXISTING2012 JOBSRETAINEDAverage annual salary of all jobs created or retained in 2012 is $53,391 =41 percent higher than the 2010 baselinePER CAPITA INCOME$60,000$50,000$40,000$30,000$20,000$10,000$0Average annual salary of all jobs created or retained in2012 is $53,391 = 41 percent higher than the 2010 baselineper capita income
    • 11COLUMBUSREGION.COM PUBLIC-PRIVATE PARTNERSHIP• Private Investment – Columbus 2020 ended 2012 with more than 250 regional privatesector companies that invest over $3.8 million dollars annually.• Public Investment – Columbus 2020 has more than 30 public sector investors fromthroughout the 11-county Columbus Region.• JobsOhio Network Grant – Columbus 2020 is the recipient of a grant from the State of Ohio’sThird Frontier program to help leverage local public-private investment. The JobsOhio Networkconsists of five additional regional organizations that create a statewide network that helps toalign the entire State of Ohio’s economic development efforts.2012 ANNUAL REPORT awards and accolades• Ohio Economic Development Association 2012 Excellence in Economic Development Innovation• Ohio Economic Development Association 2012 Excellence in Economic Development Marketing• Atlas Advertising - 2012 Silver Medal, “Best of the Best” Economic Development Organization• TIME - In an article titled “The Columbus Comeback,” the Columbus Region’s success washighlighted and noted as a model of what an economy can do• The Brookings Institution MetroMonitor - America’s Economically Strongest Metro Areas• New Geography - 2012 Best Cities for Job Growth• On Numbers Economic Index - Top 10 Strongest U.S. Economies• Site Selection Magazine - Top 10 Metro in the U.S.• fDi Magazine - Top Ten in the World for Overall Digital Marketing StrategySUCCESSVSP is the nationalleader in vision andeye care benefitsoffering visioninsurance and plansfor individuals andbusinesses. Growingtheir presence in theColumbus Region,100 new jobs will besplit between theEastern OperationsCenter at Easton andthe optical lab atRickenbacker.STORY
    • 13COLUMBUSREGION.COM REGIONAL SUCCESSES2012 ANNUAL REPORTAccess America TransportAcuSport CorporationAdvanced Medical Supply Inc.AGC Glass Company North America, Inc.Aleris International, Inc.Allied Mineral Products, Inc.American School of TechnologyAriel CorporationArminak & Associates, LLCAscena Retail Group, Inc.ASK Chemicals LPAutotool, Inc.Banner Metals Group, Inc.Bare Escentuals Beauty, Inc.Big Lots Stores, Inc.Boehringer Ingelheim Roxane, Inc.BoeingCallCopy, Inc.Capital City MillworkCardington Yutaka Technologies, Inc.Citi Fund Services Ohio, Inc.Cleverley + AssociatesClosed Loop Refining & Recovery, Inc.ContactUS LLCDawson ResourcesDelaware Art.com, Inc.Discover Financial Services, Inc.DSW Inc.e-Cycle LLCExel Inc.FIMM USA Inc.Florida Production Engineering, Inc.Food Safety Net ServicesFT Precision Inc.Graphic Packaging InternationalHMBHFI, LLCHonda of America Mfg., Inc.Howard HannaHubbard Enterprises LLCHumanaIBMIMS Electronics Recycling LLCITM Marketing, Inc.Jifiti Inc.JPMorgan Chase & Co.King Strategic CommunicationsLa Senza, Inc.Lancaster PollardLincare Inc.Magnanni, Inc.Manifold & Phalor, Inc.Marcy IndustriesMarengo Fabricated Steel, LTD.Marion Industrial CenterMenlo Worldwide LogisticsMetro CD Engineering, LLCMidland Facility ServicesMSC Industrial Direct Co., Inc.Nationwide Mutual Insurance CompanyNestle USANiagara Bottling, LLCOrange Barrel MediaOxford Consulting Group, Inc.Pacer International, Inc.PACS Industries, Inc.Parker HannifinProgressive Medical, Inc.Quantum Health, Inc.Rampart Hosting, LLCRELE Handels-GmbHResidential Finance CorporationResource Ventures, LTDRestoration Hardware, Inc.RevLocal, Inc.Robin Enterprises Co.Rolls-Royce plcRxScanSafety Today, Inc.Schafer Driveline LLCSecans B.V.Sedgwick Claims Management Services, Inc.Skylight Financial GroupSoysaponin, Inc.SPARCStanley Electric U.S. Co.Stella & DotSudden Impact MarketingSwitchbox, Inc.Tarigma CorporationTaylor Entrance SystemsTech InternationalTotal Quality LogisticsTransportation Research Center Inc.Triple T Transport, Inc.TS Trim Industries, Inc.UPSUSA Vinyl LLCUS Yachiyo, Inc.V&S Columbus Galvanizing LLCVeeva SystemsVeriano Fine Foods & Spirits, Ltd.Vision Service PlanWasserstrom Restaurant SupplyWillbros Group, Inc.Worthington Industries, Inc.Zulily, Inc.SUCCESSSTORYHonda will builda new version ofthe Acura NSXsports car in theColumbus Regionat the Center ofHonda R&D Americas,Inc. in Raymond,using a new andunique manufacturingoperation. The newcar is projected to beon the market withinthree years.
    • 15COLUMBUSREGION.COM TELLING OUR STORY ACROSS THE GLOBEIn 2012, the Columbus 2020 team executed 56 business development missions in more than20 states and six international marketsSUCCESS2012 ANNUAL REPORTBostonNYCLong BeachPhiladelphiaWashington, D.C.NashvilleAtlantaAustinDallasHoustonIndianapolisSpringfield LondonOrlandoJacksonvilleCincinnatiClevelandDetroitChicagoMinneapolisAlbanyOmahaDenverSalt Lake CitySan FranciscoStocktonSacramentoPortlandLas VegasPhoenixSeattleLos Angeles“At Quantum Health,we’re on a mission tosimplify and transformhealthcare in thiscountry. We’re excitedthat the City of Columbusshares our excitementand our vision. As weenter our 14th year inbusiness, we’re goingto continue to growright here in Columbus byrecruiting and trainingthe next generation ofhealthcare knowledgeworkers.”Kara Trott,Founder and CEONUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)QUARTERLY ECONOMIC UPDATE | Q4 2012RMANCE | PROJECTS JAN-DEC 2012centtheer91117 1811 129 9161913102511272420441630202328701020304050Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 20120742 29832482116 6 69436 6104203691215Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2011 2012BostonNYCLong BeachPhiladelphiaWashington, D.C.NashvilleAtlantaAustinDallasHoustonIndianapolisSpringfield LondonOrlandoJacksonvilleCincinnatiClevelandDetroitChicagoMinneapolisAlbanyOmahaDenverSalt Lake CitySan FranciscoStocktonSacramentoPortlandLas VegasPhoenixSeattleLos AngelesPROJECTS GENERATED (2011 v. 2012)STORY
    • 17COLUMBUSREGION.COMSUCCESS2012 ANNUAL REPORT“The ColumbusRegion’s state,county and localbusinesses have allbeen incredibly helpfuland made it possiblefor us to pursue ouraggressive growthplans, including theopening of our newfacility in Obetz.”Darrell Cavens,CEO STATEMENT OF Cash FlowFor the Period Ended December 31, 2012 Unaudited Cash Flows from Operating Activities: Change in Net Assets $ 232,380 Adjustments to reconcile change in net assets to netcash provided by operating activities: Depreciation and Amortization 78,127 Changes in Certain Assets and Liabilities: (Increase) decrease in Assets: Pledge Receivable (329,567) Grant Receivable (36,893) Prepaids and Other Current Assets (164,536) Increase (decrease) in Liabilities: Accounts Payable 36,188 Accrued Expenses (78,036) Total Adjustments (494,717) Net Cash Provided by Operating Activities $ (262,338)Cash Flow from Investing Activities: Purchases of Property and Equipment (119,085) Purchase of Stocks (10,000) Net Cash Provided by Operating Activities $ (129,085)Cash Flow from Financing Activities: Note Payable (61,476) Net Cash Provided by Financing Activities $ (61,476) Net Increase in Cash and Cash Equivalents $ (452,899) Cash & Equivalents at Beginning of Year $ 1,683,692 Cash & Equivalents at End of Year $ 1,230,793STORY
    • 18For the Period Ended December 31, 2012 UnauditedAssets Current Assets: Cash $1,230,793.27 Accounts Receivable Miscellaneous 13,566.59 Accounts Receivable Investors 716,000.00 Accounts Receivable Grants 439,182.62 Prepaids and Other Current Assets 203,043.01 Total Current Assets 2,602,585.49 Property and Equipment: Furniture, Fixtures, & Equipment $181,595.80 Leasehold Improvements 389,601.10 Work in Process 111,680.86 682,877.76  Less: Accumulated Depreciation and Amortization (137,241.70) 545,636.06 Property and Equipment, net 545,636.06  Total Current Assets andProperty and Equipment 3,148,221.55 Other Assets: Investments, at market $10,000.00 Total Other Assets 10,000.00Total Assets $ 3,158,221.55Current Liabilities: Accounts Payable $121,485.86 Accrued Expenses 385,415.98 Deferred Dues, Net Notes Payable 64,365.89 Total Current Liabilities 571,267.73 Long-Term Liabilities: Long-Term Debt $308,333.99 Total Long-Term Debt 308,333.99Total Liabilities $879,601.72 Net Assets (Fund Balance): Unrestricted $1,837,619.83 Temporarily Restricted 441,000.00 Total Net Assets (Fund Balance) 2,278,619.83Total Liabilities/Fund Balance $3,158,221.55 STATEMENT OF FINANCIAL POSITION“We are pleased to partnerwith the State of Ohioand Licking County inthe expansion of ourdistribution facility inEtna. The opportunityto consolidate our retailstore distribution needsunder one roof maximizeslabor, inventory andtransportation efficiencies,supports our strategies,and allows us to transformand expand our facilityin Ohio.”David Jaffe,President and CEOSUCCESSSTORY
    • 19COLUMBUSREGION.COMFor the Period Ended December 31, 2012 Unaudited Public Support and Revenues Interest and Dividends $2,770.89Registration Fees 5,733.42Private-Sector Contributions 3,946,970.00Public-Sector Contributions 1,315,650.00In Kind Contributions 8,137.50Grants 1,485,633.46Event Sponsorships (8,653.30)Advertising Revenue 6,086.50Miscellaneous Income (27,886.29)Total Revenues $6,734,442.18 Expenses Personnel Costs $2,435,719.67Occupancy and Related 332,191.43Program Costs 3,734,151.42Total Expenses $6,502,062.52 Change in Net Assets $232,380.00Net Assets at Beginning of Year 2,046,240.00Net Assets at End of Year $2,278,620.00 STATEMENT OF ACTIVITIES2012 ANNUAL REPORTSUCCESSSTORY“We looked at Michigan,Ohio and Kentuckybecause of existingcustomer demand. Inthe end, we chose theColumbus Region becauseof the available workforce,competitive opportunitiesand our ability to make adifference. This is a greatfit and we’re poised for avery exciting future.”Honey Rand,Spokesperson
    • 21COLUMBUSREGION.COM COLUMBUS 2020 TEAMKenny McDonald, CEcDChief Economic OfficerBecky BlattExecutive Assistant to the Chief Economic OfficerMatthew McCollisterVice President, Economic DevelopmentPatty HuddleVice President, Existing Business ServicesDeborah SchererDirector, Global MarketsMatt McQuadeDirector, Business DevelopmentJustin BickleSenior Project ManagerKatie Murphy HamiltonProject ManagerChris StrayerClient Solutions OfficerStephanie I. BoscoEconomic Development CoordinatorKarin RedelbergerEconomic Development CoordinatorBeth HarringtonVice President, Investor RelationsIrene AlvarezDirector, Marketing and CommunicationsJung KimDirector, ResearchJay KnoxResearch AnalystVictor ThorneManaging Director, Strategic DevelopmentJeff ZimmermanDirector, Columbus Region Logistics Council2012 ANNUAL REPORTSUCCESSSTORY“We are very excitedto announce our newdivision in the statewhere we have ourglobal headquartersas well as 30 otherlocations. Thanks tothe State of Ohio andCity of Columbus formaking this happen.”Don Washkewicz,Chairman, CEOand President
    • 23COLUMBUSREGION.COM Columbus 2020 BOARD OF DIRECTORS2012 ANNUAL REPORTSUCCESSSTORYAlex Fischer, ChairmanPresident and CEOThe Columbus PartnershipJack Partridge, TreasurerPresidentColumbia Gas of OhioEric Phillips, SecretaryExecutive DirectorUnion County EconomicDevelopment PartnershipChief Executive OfficerUnion CountyChamber of CommerceMarilyn BrownCounty CommissionerFranklin County Board ofCommissionersMichael ColemanMayorCity of ColumbusJohn C. FisherExecutive Vice PresidentOhio Farm BureauMichael KellerExecutive Vice President andChief Information OfficerNationwideMichael W. LougeExecutive Vice President and ChiefFinancial OfficerOhioHealthGregory R. OvermyerChief Executive OfficerOvermyer Hall AssociatesMark PattonGeneral ManagerJobsOhioDr. Mark SmithPresidentOhio Christian UniversityDavid Williams, Ph. D., Sc. D.Dean and Presidential ProfessorCollege of EngineeringThe Ohio State UniversityPablo A. VegasPresident and Chief Operating OfficerAEP Ohio, American Electric PowerEx-OfficioLaing AkersSenior AttorneySquire Sanders Kenny McDonald, PresidentChief Economic OfficerColumbus 2020“We’re opening our fifthdomestic CustomerFulfillment Center inColumbus. This regionprovides the most cost-effective opportunity toexpand our distributionnetwork, with easy accesstokeymarketsandresources,as well as a rich pool oflocal talent.”Doug Jones,Executive Vice President,Global Supply ChainOperations
    • Columbus 2020 150 S. Front St., Suite 200, Columbus, OH 43215 columbusregion.com 614-225-6063