June 2012 Monthly Report

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Our June 2012 Monthly Report, with everything you need to know about what we've been up to for the past month in Columbus region economic development!

Our June 2012 Monthly Report, with everything you need to know about what we've been up to for the past month in Columbus region economic development!

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  • 1. MONTHLY ECONOMIC UPDATE | JUNE 2012
  • 2. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012PROJECTS JUNE 2012 AND YEAR-TO-DATEJUNE 2012 & YTD PERFORMANCE NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)June 2012 15 5037 Projects (137 YTD) 12 37 124 First Time Visits (41 YTD) 40 9 27 9 8 8 30 25 7 7 7 22 6Year to Date 18 19 20 17 16 6 5Through June 2012, Columbus 2020 had 137 projects 12 14 12 13 4 4 4 9 11 11 9 9 10 3started year to date, nearly 80 percent higher than the 10 3 2 2 2 22011 pace. There were also 41 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 DecMay, more than 70 percent higher than the 2011 pace. 2011 2012 2011 2012APPROVED PROJECTS BY JOBS OHIO NETWORK CASE STUDY: ARMINAK & ASSOCIATES 2011 2012 YTD Arminak & Associates Inc., based in the Los Angeles area, 3% expects to create 50 full-time positions and generate $2 6% 18% location in New Albany. Arminak supplies packaging 39% 14% 39% solutions to the cosmetic, personal care and beauty aids, 12% cleaning product, and automotive markets. The jobs would 15% 5% include labor, clerical, managerial, maintenance and quality Jobs: 50 25% 22% 1% assurance. Capital Investment: $4.5 million Arminak plans to locate at the New Albany Personal Care Facility: Manufacturing Columbus 2020 Team NEO and Beauty Campus in Licking County, occupying 65,000 65,000 sf Cincinnati USA Dayton Development Appalachia Toledo RGP square feet in a speculative production facility with Alene Jobs Ohio Candles and Jeyes. 1
  • 3. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012ACTIVE PROJECTS AS OF JUNE 30, 2012TOTAL ACTIVE PROJECTS EXPANSION PROJECTS: EXPANSION PROJECTS:(139 PROJECTS) PROJECTS BY SOURCE PROJECTS BY INDUSTRY 35 31 30 30% 25 41% 20 14 54% 15 59% 8 10 16% 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 61 60 35 31 50 3% 30 13% 40 25 22 17 30% 30 21 20 20 15 12 10 10 70% 84% 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 | JUNE 2012BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIESJUNE 2012 COMPLETED ACTIVITIES Chicago: The 2020 development team attended the Internet Retailer Conference, as well as the 3PL Logistics Summit, meeting with prospective companies & professionals. Atlanta: The 2020 team attended the Society for Human Resource Management (SHRM) Conference meeting with HR experts and attending sessions on HR business management. Cleveland/Cincinnati: The 2020 business development team made trips to Cincinnati and Cleveland meeting with site selection consultants and industrial developers. New York: The 2020 business development team travelled to New York City, meeting and entertaining site selction consultants in the market. Los Angeles: The 2020 project team attended the CBRE Industrial Conference networking with CBRE Professionals and attending strategic business sessions.JULY - SEPTEMBER 2012 PLANNED ACTIVITIES LAS VEGAS Cosmoprof Personal Care & Beauty Conference SALT LAKE CITY Logistics Development Forum Minneapolis US Midwest Japan Association Annual Meeting Houston IEDC Annual Conference Columbus Farm Science Review (London, OH) BUSINESS DEVELOPMENT MISSIONS: Nashville, St. Louis, Minneapolis, Detroit, Toledo, Northern California INTERNATIONAL ACTIVITIES Columbus 2020 Toronto Mission; business meetings in China 3
  • 5. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012BUSINESS RETENTION & EXPANSION | JUNE 2012BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY INDUSTRY 20 12 June 2012 Performance: 10 32 Visits in June (267 YTD) 10 15 8 19 by 2020 staff and 13 reported by local 12 8 7 7 economic development partners 10 8 6 6 4 4 5 2 2 Columbus 41% 2020 0 0 59% Local ED partnersCASE STUDY: DELAWARE ART.COMDelaware Art.com (Art.com), will be expanding their operationslocated in the Village of Obetz. Through acquisition, thecompany will consolidate distribution functions from a facility inKentucky to Central Ohio. This expansion will require the additionof 75 new positions to join the 173 employees that are already Jobs: 75located in Obetz. Payroll added: $2 millionThe company chose the Columbus Region over the facility in Facility: DistributionKentucky citing the transportation network as one of thedeciding factors. Art.com Inc. is a leading authority in wall décorframed art. Since its establishment in 1998, Art.com has helpedmore than 10 million customers in over 120 countries. 4
  • 6. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012BUSINESS CREATIONNEW BUSINESS REGISTRATION* BUSINESS DISSOLUTIONS, PATENTS BY REGION INVENTORS & SURRENDERS, WITHDRAWALS ASSIGNEES 1500 1,401 250 195 204 84 1,202 1,216 200 171 1250 1,163 66 64 141 57 150 1000 100 21 19 21 23 750 50 500 0 Feb Mar Apr May Feb Mar Apr May Inventor Assignee Feb Mar Apr MaySource: 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: CAPTURE EDUCATIONOn June 27, New Albany-based Capture Education, Inc.announced a deal with Pearson Education Inc. to sell itsScheduleSmart software as a complementary, integrated productable to use ScheduleSmart to manage student information,including attendance, behavior and grades.ScheduleSmart now is being used by 13 school districts with130,000 students. The deal with Pearson will help doubleCaptures sales and provide exposure for its product toPearsons customer base serving 10 million students.Capture Education was founded as a consulting firm in 2006 anddebuted ScheduleSmart in 2010. The company is based in New incubator, Inc@8000. 5
  • 7. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012ECONOMIC DEVELOPMENT NEWSCOLUMBUS IN THE NEWS LEGISLATION AND ADVOCACYColumbus among Forbes best places for business Site Selection Certification. HB 436 was passed by both JobsOhio II. SB 314 was passed by the Senate and HouseForbes Magazine ranked Columbus no. 24 on its list of the the House and Senate and was signed on June 4 by and was signed by Governor Kasich on June 26. The lawbest places in the U.S. for business and careers. Governor Kasich. This will create a SiteOhio certification establishes the Office of TourismOhio within thehttp://onforb.es/LWITox program in the Department of Development designed to Development Services Agency and modifies the certify and market commercial, industrial and operations of JobsOhio. Kenny McDonald, CEO ofColumbus ranks 8th best in tech jobs manufacturing sites and facilities. Columbus 2020, gave proponent testimony before the Senate committee in April. Columbus Chamber Vicepercent, according to a study by Praxis Strategy Group. Kenny McDonald, CEO of Columbus 2020, gave President of Government Affairs Michael Hartley workedhttp://bit.ly/Oa7qYP proponent testimony in both the House and Senate and was instrumental in working with State RepresentativeOhio receives high marks for industry health, global reach Cheryl Grossman in drafting the legislation. This initiativeConexus Indianas 2012 Manufacturing and Logistics National before the legislative session ended. will help better position the Columbus Region and Ohio inReport gives Ohio "A" grades for manufacturing and attracting new businesses and development Municipal Tax Uniformity. The House Ways and Means opportunities. committee heard testimony on the issue of Municipal Tax Uniformity. Ohio is one of ten states that allow Education/Workforce Mid Biennium Review. SB 316INFRASTRUCTURE municipalities to assess an income tax. Besides the fact was signed by Governor John Kasich on June 25. The that 600 cities and villages in Ohio assess this tax, eachRickenbacker Connector. As part of the Transportation municipality can create their own definitions and rules on Applegate gave testimony in April before the SenateInvestment Generating Economic Recovery (TIGER) the taxable base, exemptions and other matters. The Education Committee on the Workforce DevelopmentAct, the Rickenbacker Connector (Pickaway East-West resulting variety has raised the cost of compliance for section of the bill. She spoke regarding the provisionsConnector) project received $16M in funding from the U.S. giving workers and employers more opportunity forDepartment of Transportation. The East-West Connector Relations department is working closely with other training.will improve roadways around Rickenbacker airport and the organizations on this issue.surrounding warehouses, linking them to US 23 and giving The bill permits individuals currently receivingCentral Ohio businesses more opportunities to distribute unemployment assistance to train with an employerproducts throughout the country. The Columbus Chamber without losing benefits. The Columbus Chamberand Columbus Partnership have been working, with its Government Relations team advocated this bill with theprivate and public partners, toward this grant. Theconnectors estimated economic impact is an addition of to the business community.over the next 30 years. 6
  • 8. COLUMBUS 2020 MONTHLY UPDATE | JUNE 2012REGIONAL ECONOMIC DATANUMBER EMPLOYED AND UNEMPLOYMENT RATE (MAY 2012) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS (WEEK ENDING 3/31/12 TO WEEK ENDING 6/23/12) Continuing NewUnemployment Change from May 2011 to 16,000 1,800 rate (May 2012) May 2012 1,600 15,000 1,400 7.8% (-2.4) 7.6% (-2.0) 14,000 1,200 Marion Morrow 16,012 (+160) 1,000 27,223 (-206) 13,000 800 7.0% (-2.9) 7.2% (-2.1) 12,000 600 Logan Knox 400 21,087 (+172) 5.1% (-0.8) 11,000 27,506 (+633) 200 Delaware 5.3% (-1.8) 10,000 0 87,579 (+1,054) 6/2 6/9 6/16 6/23 3/31 4/7 5/5 5/26 4/14 4/21 4/28 5/12 5/19 Union 25,215 (+302) Number employed 6.7% (-1.1) Source: Ohio Department of Job and Family Services residents Licking (May 2012) 79,000 (+936) 6.5% (-1.1) Franklin 6.1% (+0.2) 581,354 (+7,579) Madison 18,794 (+237) COMMERCIAL REAL ESTATE HOUSING SALES 6.3% (-1.1) (AS OF JULY 2) 3,6843,529 Fairfield $168K 7.5% (-1.7) 69,703 (+872) 3,214 $158K Direct Asking Pickaway Use Vacancy Rate Rent 22,495 (+292) (per sf) 2,001 1,971 2,070 Office 16.2% $14.99Source: U.S. Bureau of Labor Statistics, Local Area UnemploymentStatistic, Seasonally Adjusted Industrial 8.7% $3.25 New In Closed Average Listings Contracts Sales Sales Price Retail 10.4% $9.82 May 2011 May 2012 Source: Xceligent Source: Columbus Board of Realtors 7